Stop Loss FAIL on Supernus Pharmaceuticals Corp (SUPN)

So, he/she who shall remain unnamed, forgot to set the stop loss orders on the account.  Today, one of the expert recommendations changed from Buy to Hold on SUPN.  That caused a 23% drop in price from yesterday’s closing of $49.65 to today’s $38.05.   That was a $10,500 hit on the unrealized gains for the month.

The accounts unrealized gains went from $25,500 to $15,000 on our $415K portfolio.  A stop loss order may have saved half those losses.

Lesson learned.

Leave a Reply