This stock sure has climbed rapidly recently. I just moved my stop loss order up to a point where I'll make 17% on the stock in a very short time period. Even if this stock retreats 10% from the high, my stop loss won't be triggered, so I'm just going to hold on while it fluctuates. Nice to lock in the profit though :)
The fundamentals of this stock look great and looks like they are positioning themselves for a great run with the new hires recently. This does feel a bit like a momentum stock though, hence the cautious stop loss. I wouldn't want my profit to evaporate in a meltdown like what JBLU had last week.
Personally I think the stock will correct slightly, but continue to climb and I can slowly inch my stop loss orders up until my profit is even higher :) Good luck to all!
I personally wouldn't think stop-losses are a good idea on DKS. If you think it's going to dip, sell it. You made $2 today alone. When it tries to fill the gap, buy it back. You can trade for under $10 these days, so go ahead and churn your account. I do; it's fun!
I'm still fairly new to investing and churning an account is not something I really want to take the time to do.
One of the main things is my commissions right now are 32.95, way too high to churn, especially given that this is my small balance stock trading account. As soon as I buy my house I'm planning on transfering my account to a lower commission place, any suggestions for low commissions and still good customer service?