Southern Pacific Resource Corp STPJF

Chopper - why buy and hold for six months

[Kobedog1]

to find out if two cents is a steal.   I see this kind of comment on the time on other boards.
Unless one is a bagholding long, who has few choices, but to sell or hold, the advice to buy in low and hold is poor at best.

Anyone thinking about buying into STP or lots of other cheap stocks should look at a chart first.
Then decide how long sideways might be.  
Better to hold cash than watch a stock trade sideways /down for ever.

Longs who have been burned do that too much. I know.    I  have been there twice this year alone.

Best to move on, take the hit and buy something that has volume, momentum  and can be sold if it doesn't move the way it should in two days.

That is how to make money.  Holding is a mutual fund salesman's dream bs marketing advice.
We see it everywhere, every day.  Call your banker.They are the same.

Just hope somebody learns something from this note.  I don't really care who, though.

Best wishes.
Former STP shareholder.  Sold end of last year for profit at sixteen appr.  Glad I did.

Kobe from Niagara