Hi Hog

You're so right about bashers touting the use of stop losses, but you can use them to your advantage. I guess was a little over a year ago that one basher over on SH was doing just that, when SLI was trading between $1.75 and $2.00. The first drop was down to about $ .90 and the stock went back up almost immediately. Then about two weeks later the same poster said SLI would be "driven down" again within a couple of days.

Having seen the first time it dropped so much so fast, I put in a "stink bid" at $1.00 with a week long expiry and son of a gun, it was filled the next day and subsequently back up the SAME DAY. I was in and out on that bunch, but I didn't disrupt my core holding.

I doubt that we would get that much of a trading range now, since we are so strongly held and I still from time to time put in lowball bids (that haven't been filled, btw).

But some look at the level 2 bids and asks and I guess that they can tell from that if a fairly large drop is imminent.

Ismore