I had set a stop limit order for Otonomy prior to their Phase 3 news. But indeed, news came out after market hours.
When the markets opened, they opened lower than my stop limit, so I sold nothing. Still holding now.
I am a bit hesitant putting in a stop loss for FREQ, as it can sell for way below your purchase price, right? Depending on how fast the drop goes.
My average purchase price is about $24 USD. I don't want to end up selling everything at $8, $4 or $2 USD. Perhaps if I hold it will bounce up again later, with another product in the pipeline.
So I am in doubt over a stop loss... What are the rest of you FX-322 investors doing?