Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: Tight stop losses

could have been the reason for today's action. When we recently went over $1.30 it's possible some who bought then put in stops at 10% under cost, $1.17, a reasonable move.

Some investors don't understand all brokers have level 3 which shows the price and volume of all of the stop loss positions.

Sometimes the screen will show, that if you dump say, 50000 shares at market, you will drop the price and trigger the sale of 150,000 shares. before you do that you have to place orders at and below the prices that trigger the stop loss sales, and bingo, you get your position back, and increase it if you want, at a lower price.

Stops can work for you and against you, and always remember, the name of this game is, make money. if someone can find a way to gain an advantage, they will use it.

As usual, just speculating......chunky

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Aug 22, 2012 08:11PM
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Aug 22, 2012 08:15PM
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Aug 22, 2012 09:29PM
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MES
Aug 22, 2012 09:34PM
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