Buy on way Down or way Up, page-3

Personally, I have always stopped out of a position on the way down. Being out of the position gives me a clearer idea of what I want to do next rather than average down and try and pick the bottom, which previous experience shows me will end in failure more times than not. I did for instance buy a starter trade recently at 24.50 but stopped myself out when 24 was broken. Especially if Nasdaq has a significant sell off soon (which is very due) this could get hit further. If you think that an average tech company would be valued around 40 P/E. Then Appen still sitting above 60 would still be classed as expensive. They need to prove this year that the future growth can justify the SP otherwise this could see below 20 very easily and then this would no longer be seen as a quality company and would be full of trapped investors waiting years just to get their money back, when that could be put to better use elsewhere.