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Re: dffhogs post# 30659

Wednesday, 10/17/2007 10:09:39 PM

Wednesday, October 17, 2007 10:09:39 PM

Post# of 107353
I'm sorry, that's too worn out a notion for me to find any use in it. I consider it incredibly flawed to follow such a rote concept as if it is by definition a probability unto itself. That flies in the face of everything I strive to accomplish in the markets and I'm not convinced a trader's chestnut can be applied to what may be one of the top stocks of 2008.

My initial point to Sulphur was it is one thing to attempt such a strategy with the average company, but when you have secured a low cost basis in a rare stock with perhaps phenomenal upside, applying the same old tricks to what may be a precious holding may be the height of recklessness.

If you believe you have discovered an extremely bullish multi-year stock and you own it well in advance of higher prices qualifying for an uplist I don't think you apply conventional trading logic and gamble on being caught out of position in order to squeeze out a few more pennies.