Welcome To the WIN!!! St. Elias Mines HUB On AGORACOM

Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE

Free
Message: Re: rehash of the use of Stop-Losses for new inexperienced investors

Excellent refresher Hog.

I would like to add a thing or two.Mrs C posted an email that Lori sent us a few months ago about shorters and Naked shorters, either last night or today. If we have been dealing this type of stock manipulation/ corruption, we have to keep our strength at times of attacks. One way is to not have the stop losses, as Hog has shown.

See, if we are battling a Naked Short position, its hard to overcome. They can create shares out of thin air, (sort of speak), and sell these shares on the market to drive the SP down. If a buyout of the SLI shares were to occur,( and the same with sale of a property) and too many shares showed up as a result of naked shorting, the onus would fall back onto the broker that sold those shares for the Naked Shorter, to HONOR all those shares, which could in turn, turn into a real hefty fee for that particular broker. He would be forced to pay the FULL price of each share. Naked Shorting is supposed to be illegal here in Canada, but it still happens and is being dealt with. For the Securities commission to be going after the brokers when this sort of thing is discovered on a stock, it should reduce that activity. Having said that, Lori warned them in an email, that I am sure was read by them, if they exist on SLI currently,it should be diminishing as brokers call in the bets from these unethical traders, and the shorters are destroyed. We need 2 things to wipe them out, big news and bigger news after that.

IMO

Share
New Message
Please login to post a reply