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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: TheBusDriver who wrote (3553)3/7/1997 9:30:00 AM
From: CynicalTruth   of 35569
 
Glad someone out there is thinking like I do.

"stop losses at this point if a foolish thing IMO....good way to get kicked out of the stock on a minor correction during a MAJOR move....I would use something like this when I think the stock has peaked....like around $500 bucks<grin>"

If you have ever "watched" the MM's "gun the stops" you would never put a stop loss order in. (Unless you can't keep a reasonably close eye on the action, like on vacation.) They do it all the time. They have every order sitting in front of them and love to play games. Makes the stock drop quite quick on high volume. Of course, with IPM somebody will be waiting to pick it up off the floor.

John
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