Net Shepherd Inc. (WEB) on ASE Message Board

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Gold/Mining/Energy : Net Shepherd Inc. (WEB) on ASE

WEB 27.99

0.0%

Oct 11 5:00 PM EST

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To: Crazy Canuck who wrote (860)	3/1/2000 11:22:00 AM
From: The Vet	Read Replies (2) of 1252

< If you take a look at the drop over the past few days, it has been on low volume. > I agree that the drop was engineered by the brokers in order to shake out the weak hands and collect some cheap shares for favoured clients. I have had this experience with thinly traded Canadian shares that are about to take off. A broker convinced me to put in a "stop loss" on a stock I owned trading at over $5 at $4.20 "to protect myself against a drop". Guess what? The next day the price dropped suddenly to $4.20 - all my shares were sold at the low of the day - and then it recovered just as suddenly to $5.50 just a few minutes later. It went on to trade at over $10 in a week or so. Needless to say I do not trust any broker who suggests a "stop loss" on a rising stock. It's just putting the temptation before them to rob you of your profit.

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