Comments on: Whistling In The Graveyard?

By: flipper

flipper — Mon, 08 Sep 2008 16:19:01 +0000

guess we are in a very bad situation. it dropped below 1.25

Lost over $100k on this thing!

By: SiriusXMInvestor

SiriusXMInvestor — Fri, 05 Sep 2008 15:57:08 +0000

BM,
You were right. To many distractions last night.

By: WJDJFD

WJDJFD — Fri, 05 Sep 2008 12:28:02 +0000

LOL 1 min sooner I guess I wouldn’t have asked

By: WJDJFD

WJDJFD — Fri, 05 Sep 2008 12:25:58 +0000

Did you also said put a stop but make sure it does not sell?
Is that a stop alert only but will not sell unless you pull the trigger?
We should have gone a little deeper into this.
I will replay the last nights show may be I heard wrong.

As always great job.

By: Brandon Matthews

Brandon Matthews — Fri, 05 Sep 2008 12:24:45 +0000

you did not hear correctly…

A stop loss order has a trigger point. For instance, my trade will not be entered unless a stated price is hit. In this instance, 1.24 automatically triggers the trade order. As of now, there is no order.

If you put in a sell order at 1.24, the mm’s will buy your shares for 1.24 in the blink of an eye, even if the stock is trading higher…you will lose your shares..

A sell order vs. a stop loss order are two seperate things. A stop loss would be wise, a sell order would be foolish…

By: SiriusXMInvestor

SiriusXMInvestor — Fri, 05 Sep 2008 11:58:32 +0000

Brandon,

Unless I did not hear correctly, last night on the Buzz, I thought you said NOT to place stops at below $1.25 because they (the manipulators) will take your stops out qiuckly.