like a rock...dropping. Seriously though...it needs to stay above 12. I own 4000 shares that I bought near $13 and I'm getting close to the point where cold showers in the fetal position maybe called for
I trade using charts and they have been more right than wrong at least in the short term. I don't try to make too much per share but I buy enough shares to make it worthwhile. I don't hold for long so I usually come out positive.
With DECK, I didn't buy until 11:30am. The chart looked good then. It went down so I got some more. Once it popped, I got out with a $1 gain. There are several charts I look at so I don't always buy after a big drop. It all depends.
I do ok on the stuff that I hold in my IRA but trading for me is not a sure thing. I like to take risks and I'm too impulsive to follow known rules. For example today I'm down $3,500 on DECK. Was down 4,500 a few min ago. Yesterday I made 10k, today I'm down 8000 so far overall. I'm not very consistent. This year I'm up 20% in my IRA and down 25% trading but my IRA is 5 times bigger than my trading account
LOL. Relax. No need for the cold shower yet. I feel your pain. Sitting on 7,000.00 distressed shares myself. Earnings announce will be VERY stressful day. If we get past that without getting hurt we should be OK for a nice return.