I was just reading the FNC board and saw some posts with regards to "stop losses".

For all SPQ investors ....

Do not use them; do not even consider them.

Although SPQ's share price is pitifully low, it will move up. But remember, once things start to heat up (seems like things are percolating today), market makers (MM) on the TSX will regularly manipulate price action to drop share prices to hit stop losses. This means you will lose your shares if you have stop losses.

(If you are not familiar with market makers, go to www.tsx.com and do a search.)

As a savvy investor, always run with a market, and always have a sell price in mind. Try not to be greedy.

Employ "hard stop" selling if you can. Example, SPQ is presently around 6 cents. If you would like to get out at 25 cents, employ a "hard stop". The share price might go to $1 but you still made money. Naturally you can employ multiple hard stops. (By the way, my example $1 share price is purely fictitious. It may go much higher.)

One further important point. "Hard stops" do not allow other investors to "short" those number of shares. A silly postulation: if all 310 million SPQ shares had hard stops, there wouldn't be any price manipulation by market makers. There couldn't be any shorting.

So look to the future. No "stop losses". Basically, this means that you have done your due diligence, and believe in what Spider Resources has found, and will find in the ground.

One shiny future ... IMHO

Snug