Yes i guess it is possible. It shows that stop loss targets do work - i set mine at $57 and felt stupid when i sold out due to all the potential upside!! Also once my stop is hit i dont buy back in for 1 month, so that any bad news comes out in the price. Thank duck for the Stop Loss.
Well i don't know at what price to buy in again - not in the middle of a storm, but lets face it Asia needs gas, IOC has loads of it, and they are about to be bent over by shell or XOM or maybe Marathon in order to extract it.
How much equity will IOC have to give up in the middle of a credit squeeze? Loads i should think - but that should still leave value at around $100 a share even after a mugging.