Good question. Sorry for not answering earlier. It has been death by a thousand cuts and it hasn't exactly been a share that I've been watching closely.
But fundamentally if you have a trading/investing logic where if a share falls by XX% then you should sell and cut you losses then this is mathematically a losing strategy.
Sure you should continually reassess your the rationale for holding your position.
If the outlook looks grim then sell whether you are in the money or out of the money.
If the outlook looks rosy then buy consider buying even if you are in the red.
You win some and you lose some. I bought on lows and sold out on highs on LYC, PLS, RIC and made good money. Though I probably should have held RIC as it has stayed strong. Overall my portfolio has been healthy. CRN is a blight on it, but I've never held a big proportion so no biggie...
CRN Price at posting:
12.0¢ Sentiment: None 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)