Friday, December 03, 2010 12:57:25 PM
With an undervalued stock like this using a stop loss may result in a forced sale at lowest price and have to buy back at higher price,especially when this unprecedented continuing short %/manipulation by ETMM stops.
Whether the short figures are real or not(all brokers/promoters I've talked to think they are but they could be wrong),I've never seen such high % without short squeeze-e.g LYJN jumped from 1/2 cent to over 20 cents on lesser %.
Most brokers know very little about pennies so disseminate much false info re stop loss availability etc. E said nobody allows penny stops,TD said they don't (yet Temeku uses at TD);the only penny friendly brokerage that openly allows penny stop loss is choicetrade.
Your info is one reason stop loss should be set 30% below price(the usual recommend),if at all on such an undervalued stock.
Wikipedia(mining dump trucks)says in the US standard weight limit throughout country is 40 tons w up to 52.5 tons by special permit and triple trailers where allowed can haul up to 129000 kg(129 metric tons)and will average 3-5 trips/day.(seems high but believe it said 129k kg,not pounds).
If they profit on gravel at $15/ton,imagine the profits on recent iron spots of $150-165/ton.
Part of the torture of their PERMANENT DETENTION will be remembering exactly when they received their final time of visitation and rejected it.
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