Not sure why I am responding to you . . . I am sure your hatred of stupidity was just a general comment and not aimed at people using "stop losses" . . . everyone has the capacity to learn something every day.
A stop loss for me with has been a parcel at 5.1c when I bought those at 7.6c (with these my average for FML was around 3.9c and I was not prepared to let that parcel fall away).
The bulk of my holding was bought in 2008/2009 and the average for that was 2.5c and I have a lot of those.
The parcel sold at 5.1c has been used to buy in at 3.3c. So, with FML I am holding quite comfortably at this stage.
The stop loss I should have used back in 2008 was for OZL and PNA, CBA and AMP . . . unfortunately I was "in love" with my shares and paid the penalty.
A stop loss for those that bought in at 7.6c should be what you are comfortable carrying, I was comfortable with that parcel until 5.1c.
I have a buy at 3c in the queue as well as I feel positive the deal will be good for FML holders.
Thank you for your informative post though Davo.
I still know nothing but enjoy learning from the wealth of knowledge that is being posted on this thread, Jahar
FML Price at posting:
3.3¢ Sentiment: LT Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)