RW5 Oct 2013 02:21
I suspect it depends a bit on the share and its character at that time imv...
...20% stop would have clobbered us in gbo when cycling around 20p... & also true for rgs, dtg, tri, sag in their early dithering phase...need courage of conviction in yr research here and hang on
...also would have knocked folk (incl me) out of abm today...indeed in abm, I shd have doubled down...
....also plenty of really beaten up stocks like dqe, rem, rrr, ecr, here & avm (as a small fraction of large set), suggest it's best to spot when to go against the herd and not sell...indeed double/treble/quadruple down
....BUT for the less flakey shares, I agree with you in general...ride momentum/trend and buy into strength...like gbo, rgs, sag, dtg after initial jitters and as the narrative became clearer to wider set of investors (and perhaps dwha now lol...dream on jolly)
...gn & have a fine w/e