WH Smith, Afren

Afren - was ranked about 2700 for the day - having lost over 18% - leaving aside how I managed the entry and exit it is quite a knock for my stock-picking formula.  Decision tomorrow is even if recovers not likely to be by 6% plus - at least if break even or lose a hundred or so...thus need price to get to .58 - may take the afternoon to do that.  Have two open positions?  Will ensure am there at the market open as that could offer opportunities of recovery too. As per previous Afren post the issue is less about my stock picking formula and solely about the price I purchased at - had I paid attention to yesterdays prices I would have seen the 3% requirement had in fact been achieved due to gapping overnight which holds up my selections but means I should not have purchased the share.  Either looked for an alternative or taken the day off which I was in a position to do.