TSX:SRU.UN - Post by User
Post by
JerryFrancison May 30, 2007 9:37am
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Post# 12862159
Don''t play the stop loss game [plus]
Don''t play the stop loss game [plus]You saw what happened yesterday. I personally knew two guys that had a million shares of SRU each. I also know a half dozen guys with a half million or more. You might say 'big deal' so what'? I certainly am not trying to impress anyone here with that statement. What I am saying is that if I know a few, how many others are there out there that might have 1-2-3 million shares. The point is, that Starfield's 'day- to-day' trading can be manipulated by the funds or these large shareholders. What happened yesterday, will happen again. Perhaps today but certainly at different levels along the way up. A technical report by Dr miller or any of those other doctors that I listed yesterday, might not in and of itself put a 'spark' in the daily trading activity and the SP. Yesterday you and I would have been hard pressed to be able to buy in at the $1.09 to the $1.25. Some friends of mine could not buy the stock until the price was $1.33. TALK ABOUT CONTROL. That 'hit and run tactic' will repeat it self my friends. IMO, it only shows that when a company's stock goes up as Starfields has in the last few weeks, it becomes a target for people to play their agenda based games. If it gets to low the funds or some other deep pockets will step and seize the opportunity. I guess that's part of the markets life.
THE BOTTOM LINE POINT OF IT IN THIS POST IS, THAT NONE OF THESE TYPE OF WELL TIMED AND EXECUTED TACTICS HAVE ANYTHING TO DO WITH THE MERIT OR LACK OF MERIT OF STARFIELD RESOURCES.
If your buying the stock only then 'good luck' in your timing and MO [modus operandi] and trading plans. If your like the long, longs and have bought into the company and it's ultimate goals, then at least for a while longer you will be safe. [LOL I hope]. I am fully expecting to see volitality all along the way and that will includes the so-called 'severe corrections' [lol].
Best wishes,
Jerry Francis