GREY:VITFF - Post by User
Comment by
Windrunneron Mar 13, 2007 6:26pm
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Post# 12412135
RE: BB
RE: BBI agree with Goldtoe on the use of stop loss and I agree with Touareg that's it's suicide with juniors and the houses will find you. Case in point is the first run to 1.40 for VIT the stop losses were used and the houses found them all on the way down to .97 cents. What's the answer? Use a "mental" (one you keep in the back of your mind)stop loss and if the price gets to that point than sell.
Now for those nervous ones I can only impress upon you to look at the charts and watch what's happening. We are on a slow and steady uptrend and everyone who's been in the market knows the trend is your friend. Still waiting for a NR. VIT under new management and is being given the reigns to prove themselves (remember the movie Seabiscuit!!!). Gold correcting but long term heading up. Lot's of major companies in the wings with this horse.
Last comment mid Dec .70; mid Jan 1.15; mid Feb 1.10 and now mid Mar 1.30 (all on averages). I picked up more back in Nov at .65 so I'm along for the ride. Even if the NR is good I've already placed my bet on this one and will not add. That's risk management and if the sp goes to whatever, my cost stays the same but my profits soar.
Cheers