NYSEAM:SVLC - Post by User
Comment by
briton Mar 05, 2011 6:47pm
303 Views
Post# 18239170
RE: stop losses
RE: stop lossesHey Mates,
Stop losses with juniors are often a loser's game!
By sheer luck I put in a .075 stink bid open on a garbage stock last Sept. that was trading at .10-.12. Suddenly, w/o warning someone triggered stop losses and close to 5 million sold at the market within an hour. I was handed 500,000 shares on a platter which I sold two weeks later at .12-.13
A once in a lifetime opp.
SVL is a producer with an easy 3 bagger opp from today's prices. To put in a stop loss on one with that much potential makes little sense. However institutional traders know the game and how to play it.
Cheers,
Brit