CVR REFINING (CVI)

[jugs]

I'm a holder---with 2,000 units and a cost basis of $7.08.

As for stop losses? ALL stocks are available to wide swings and for this reason alone I absolutely never employ stops. There have been countless times when I could have easily rocked a pick's market via a burst of buys suggesting to the unsuspecting investor that there's been a renewed interest in the particular offering. I don't engage in such practices but I'm sure many others will, and do.

In short, I prefer operating more openly.

As for the safety of stops? It's nonexistent, in my opinion. It's an invitation to self-screwing as in the case too often when it comes to taking a purely defensive stance. Everyone who claims to not having been stopped out only to lose big time is not telling the truth. It's happened to all of us.

Back in the days of yore I figured I'd join the crowd and engage in some fancy shenanigans by arranging some stops. Left town for a few days only to come back & find a couple of faves had been stopped out but then soared to new highs THE SAME DAY! Boy, did I ever feel like a jerk. and you know something? I was!!