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How to Handle a Stock when it is Gapping Down

Questions › Category: Questions › How to Handle a Stock when it is Gapping Down
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Evelyn To asked 3 years ago

Hi Pat,
I’d love to hear how you manage big gap downs on stocks the next day.  I was once hit by $QDEL when the vaccine was announced around 11/9… I think I lost 30%?  Is your immediate reaction to SELL right away?  Please share your war stories.  Thank you!  No rush… just wanted to be prepared.

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Avatar photoOwen Staff answered 3 years ago

Hi Evelyn,
Pat made this video for you:
https://youtu.be/zXe2WoTZyUE

Evelyn To replied 3 years ago

Thank you Pat as always for the sound advice! Really takes a war time veteran in the stock market to have such great insight! I definitely panicked on this one and just got out in the first 5 mins. But I agree with you on the Bio tech… definitely enticing for the rewards but the risk is also not worth it. Glad that I’m a MW VIP and will be looking at much more solid stocks from now on. Happy Sunday!