On Tuesday in an email, I wrote:
- Friday is a low participation day. You might consider removing stop loss orders on illiquid stocks. It is easy for those of us without a life away from the market to push prices down, trigger stop losses and buy into the cheaper price. This happens more than people remember on “Good” Friday.
- Friday is a “good” day if you are in illiquid stocks to check prices occasionally to see if “Your” favorite illiquid stock is offering a Black Friday sale price. I have picked up some very good prices on Black Friday while everyone is playing or if in Wisconsin – Deer Hunting.