It wasn't that bad, but bad enough. My average cost basis, taking into account the put premiums I received, was $15.63 per share. I may end up kicking myself for selling DRL, but there are other stocks to buy that don't have so much headline risk. I just decided that there are too many unknowns with DRL. Hopefully for all longs, DRL will straighten out this mess and the stock will move higher. I won't begrudge anyone their good fortune.
-But it's not moving down. This morning it was down to 9.81 a share, a drop of 24.5%. -But it's now down to 11.51, or a drop of 11.5%, which means that the stock is up about 17% from it's low.
It would be interesting to see at what price you sold DRL.
Usually that's the way things occur when a stock is hit with bad news- a very big drop, then knowledgable investors realize that the stock is oversold, and the stock bounces back.
-We'll find out if most of the bad news is already in the stock. I think it is; but I've been wrong before.
I am new at this whole trading thing. I bought @ mid 14, and forgot that I put a stop limit in at 12. I just remembered but when I looked up my acct on etrade it did not execute?
crazy, i guess I just needed a stop?
"...forgot that I put a stop limit in at 12. I just remembered but when I looked up my acct on etrade it did not execute?..."
You may get stopped out going the other way now. From now on if you want a definate stop loss put in a stop at market and then if the price is hit, your order automatically becomes a market order and should be executed.
CMGI LOL are you jokeing, this is an old high flyer that took investors on a wild ride before the big market bubble explosion, so many people got burned on this one stock, I know a few people who wern't smart enough to bail way back then only promblemis they are retired and don't have enough income to write it off so they let it sat there
CMGI is up strong on heavy volume. I don't know if I want to chase it. Overall I am up about 3/4% today, despite DRL. Keep up the naysaying. It may help people temper their enthusiasm for a stock that has a high level of risk. In the end the patient investors may do very well with DRL, but I've moved on.