Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Crystallex (KRY) -- Ignore unavailable to you. Want to Upgrade?

To: Michael M. Cubrilo who wrote (4781)	2/7/1998 3:57:00 PM
From: William Peavey	Respond to of 10836

I might suggest a "mental" stop only. Your post indicates a substantial position which might make a delicious target of opportunity for a market maker/specialist. Best of luck Bill Peavey

To: Michael M. Cubrilo who wrote (4781)	2/7/1998 6:06:00 PM
From: Peter H.	Respond to of 10836

Michael, a stop loss is not necessary a good idea. In July after the halt the price dropped faster than the Titanic (as you know!)- a stop loss wouldn't guarantee you your price in that kind of action, they would sell it at best price at or UNDER $7. Could be at $4 -- and perhaps you'd rather hold on at that price. I, of course, don't believe we'll see a plunge ever again though... Cheers Peter

To: Michael M. Cubrilo who wrote (4781)	2/7/1998 6:43:00 PM
From: viper	Read Replies (1) \| Respond to of 10836

I was beginning to think there was no room for common sense on this site, thank you for proving me wrong.

To: Michael M. Cubrilo who wrote (4781)	2/7/1998 7:20:00 PM
From: tanoose	Read Replies (1) \| Respond to of 10836

Hello Michael; A mental stop loss will be good if you can watch the markets, if you put in a stop loss, the Market Makers will see it posted and you can bet that you will be out. Mental stops yes, but physical stops will burn you more than protect you. If you are that concerned maybe even a higher mental stop with a portion of your position, and then scale down would be a safer and prudent approach, it will make you feel more comfortable. Be careful with a physical stop loss, MM's love them, I can't stress that enough!! With regards,Frank

To: Michael M. Cubrilo who wrote (4781)	2/7/1998 7:44:00 PM
From: shortee	Respond to of 10836

Michael, Take it from one who has gotten burned and took it to arbitration. Don't use stop losses! It's a MM and Spec. dream! Good Luck! kitty/wayne

To: Michael M. Cubrilo who wrote (4781)	2/7/1998 8:35:00 PM
From: Carl	Respond to of 10836

Michael, your post was just about the only useful thing I've read here today. Sounds like you have a good, realistic strategy. Most of the people who post here are too full of themselves, too cocky and far too emotional to be successful players (not to speak of too immature and too rude, but that's another story). Thanks for an insightful, mature opinion. Cheers.

To: Michael M. Cubrilo who wrote (4781)	3/4/1998 8:12:00 PM
From: Michael M. Cubrilo	Read Replies (3) \| Respond to of 10836

It has been a while since I posted last, but enjoy the 'entertainment' provided by viper, etc... Bottom line is, I have always been long but have sold at $10.60 and $11.40, although am still holding a core position. I personally feel that anyone holding a significant number of shares should be taking some profit at these prices. Aside from rumour mongering and various opinions from "professionals", the court decision is not ours to make. So by default, despite what we may think or feel, there is room for the decision to go either way, simply because life is unpredictable. Any chart... of any stock... after a quick rise in price (ie: 100%) experiences a pullback, no matter what happens afterwards. I have seen stocks pull back on what appeared to be excellent news releases. I still personally believe that KRY will win, and am still holding some shares to the end, but emotions should not play a role with the sound investor who must play by certain rules such as #1 don't lose money and #2 see rule #1 Shorters can also be wrong, because they cannot predict the future any better than anyone else. Having said that, there are informed investors (long) and informed shorters. Asensio is no dummy and his call on Solv-Ex was correct. I am concerned that he has put out a sell on KRY because EVEN IF HE IS WRONG, he may have a negative effect on the stock, even if it is just short term. Just my thoughts. mc