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Alias Born 01/29/2005

Re: willsimon post# 2838

Monday, 06/06/2005 11:38:09 PM

Monday, June 06, 2005 11:38:09 PM

Post# of 44374
willsimon,
a good friend of mine did not take any advise to purchase gtel between .10 to .22 cents. after he found out that the company he works for was invited to the summit he purchased gtel with a considerable investment in the .30 cent range.today he called me to ask what happened to gtel?he was not aware of the name change or the move to amex.in the beginning of the conversation i did not let on about the one for fifteen reverse split and let him think that i am now a multi millionaire,before he had a stroke i let him know it was a 1 for 15 . however, he did "protect" his investment with a stop loss order and now he has "0" shares of gte and a loss of funds.I agree with other posters about placing mental stop losses or if you so choose a stop limit order in a very stable stock,but for volatile stock issues why would anyone want to play that game.take a look at any of the tanker stocks over the last 4-6 months and see what would have happened to your investment with stop loss orders in place.all of us have an opportunity to learn from each other on both boards and i applaude all who are willing to post their thoughts even though the opinions of others who respond to a post might be misunderstood. i do believe that we are all here to learn and support each other as gte moves to higher ground.thank you to all who support this board with your time and effort.

easy rider
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