LittleMak, it's important to have differing opinions. Who's more able to make better investing decisions, someone who only knows the positive news (works great in bull markets), someone who knows only the negative or someone who knows both?
I think stop losses are important, they should be used, generally more widely use in trading because when your stop loss gets hit, it means you were wrong and you should take the hit and not hold and hope. Many investors have refused to take a small loss and seen it grow into an even larger loss. I'd say with cnx, buy at the current price but if it falls below .20, get out of it.
CNX Price at posting:
23.5¢ Sentiment: None Disclosure: Not Held