"....sharks, seem to look for stop loss prices and work the share price down to that point at which time the share price miraculously rises.
the 'owner' then comes home to find he/she has sold his/her shares at a very low price compared to the price at which it is now trading.
ex owner regrets decision!!!!!"
There are times when a major move to flush out the stops takes place, but normally they are not going to go through a hundred thousand shares just to get at your few thousand shares. The way to determine if stop losses will work for you is to back track through your trading/investing history and ask if they would have saved your bacon numerous times. Is the answer yes? Of course it is. There are some tired old excuses as to why one shouldn't use stops and most of the time they lack merit. One has to know how to set stops such that they don't get triggered every time you set one. When NOT was at 2.50, do you think it would have been wise to have one at 2 ? Well we know what the answer to that was. The stop would have worked nicely if you let it be. It's up to you folks.... it's your money.... or was.