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Earlier this morning, my FMC Technologies (FTI) hit my 8% loss limit and I sold my 160 shares at $48.12. I had just purchased these shares 1/30/06 at a cost basis of $52.37, so this represented a loss of $(4.25), or (8.1)%.
This doesn't really change my personal opinion of the company, but my timing worked out poorly, buying an oil-services-related company just as the oil market was correcting. Rules are rules, and the stock is gone. As with my own strategy, I shall be 'sitting on my hands' waiting until one of my remaining 21 positions hits a sale at a gain target, prior to adding a new position.
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