NGEN Chart

Quote from neutrino:

Are you going to sell the whole NGEN position if it hits your stop (12.00) or just a part of it ? If you are bullish on the stock in general (it touches a 14-day EMA, has a volume backup, nice pullback), wouldn't you rather leave half the position with the same target and a lower stop?

Nope nuertino if it hits the stop loss at 12 I'm gone on the whole enchilada no questions asked. Right now this market is a sloppy animal. Lost 35 cents on NFLX with my stop and entry. As for as NGEN im encouraged that its holding up here in this sell off. However prudence demands that because the market is selling off that it is a higher risk play because of the overall market risk. With that said Im in at sitting tight right now.
 
Back
Top