Oh yeah, putting in tight stops is EXACTLY the right strategy here -- just look at how much fun that strategy was last week, when it guaranteed handing part of your money over to the specialists over a temporary dip of no consequence.
Depends on your timescale, I suppose, Gman. You let your stop-loss get you out at $28 to preserve your trading gain -- nice work. On the other hand, as I write this FCN's trading at $27.99 and moving higher, so those of us who ignored the temporary dip will maintain our longer-term profits without all the trading angst or the triggering of a short term CG to pay tax on.
Goes to show there's more than one way to squeeze money out of this market and this great stock. Good luck to you traders; you add to the liquidity that helps us long holders in the end. We do need each other.