This is quite a disaster for shareholders and creditors. I am...

This is quite a disaster for shareholders and creditors. I am not personally involved with an interest financially, but I do know others who are shareholders and creditors.

The mistake I have made over many years has been not to have placed a trailing stop loss order (conditional).

I suggest that the stop loss be at 21% from the trailling top, this being a Fibonacci number. (I think that the % can be further refined depending on the nature of the stock

Such a discipline protects most of your profits and most of your loss positions. I would go further to state that when you buy a stock it is MANDATORY that you place the conditional order at or about the same time of purchase.

When things are going great, taking such an action as I suggest is the most furtherest thing from your mind.

We need to protect us from ourselves with all the human fraility and emotions that go with being a shareholder.

I welcome all criticisms or acclaim for my statements.

Best regards to all....Catchbull