Connacher Oil and Gas

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in response to BKM8572's message

Hi Brian

It wasn't you I had in mind but more an opinion of using stop losses at these levels.

If someone will use a stop loss order it's better to use a stop order with a limlt instead of the normal stops.Then you avoid that your stop is activated below your target price.Using no limit is tricky because when a sudden drop appears on a stock and the stop loss is set without no limit every price below the stop can be possible.In vollatile markets the bankers use this trick to pick up cheap shares.

Today oil is back up.A pause in the downturn could be good.I don't think a buy at this level isn't a bad move.

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sharky
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Connacher Oil and Gas
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