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Message: Stop(e) Mining

Stop(e) Mining

posted on Nov 19, 2009 01:11PM

I wonder if what we witnessed today was another case of the traders waiting for the board to get a bunch of STOP(ES) ready for mining and then getting the job done. I will never use a stop loss on SGR unless it is low enough to offer some protection, but not too high to be an easy target. Three times in May I used stops and lost the stock everytime. That is why my new strategy is to just cross my fingers and hope I have the big picture correct.

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