"Didn't you say you'd set it at a maximum of 10% loss ?"
No, this is what I posted on 13 January:
"for the first time in my life I've made a New Year's resolution to impose a stop loss whenever one of my shares falls by 15% from the reset value to which I, erm, reset them on 1 January this year. So I shall be out if Tesco falls to 280 from my 330 entry point."
Your support levels, caps 'n collars, or whatever you wanna call 'em mean nothing to me, just as I imagine that the support level that your goat entrails would have been indicating the day b4 Tesco's 20% plunge would have been well above 330p. Similarly, the TA for Carnival, the cruise line company, would not have indicated a precipitate fall for the share price the day b4 the captain of the Costa Concordia piloed his ship up on the rocks.
Events, dear boy, they are the things which shape the share price.
However I will acknowledge that you warned me not to get in at 330p, straight after the initial fall, and I would now be better off if I'd listened to your advice. We shall see, in a year's time, who was more right, unless the share price goes below 280p, in which case you will defo have been right ... and Warren Buffett and Charlie Munter will have been wrong. As will
LKH on the flybridge