Quixis,Stop losses are rubbish. Anyone using them in FMG or PDN...

Quixis,
Stop losses are rubbish. Anyone using them in FMG or PDN would never have made a fortune out of these stocks because they would have been stopped out.
Last year UMC rose from 37 cents & went to over $1 before falling back to about 40 cents, so image how you would have handled that situation? Many long term UMC shareholders including myself rode that wave because we had patience & belief in the company. By the way, the company delivered more than we expected (refer Jorc Announcement).
Just remember price is what you pay & value is what you get. A few weeks ago the company sold for over $2.40 before the option money was received by the company & the JORC delivered, so is the company better or worse than when it sold at $2.40? Well it certainly has more in the bank!
The current price not only means you are buying better value but your purchasing power goes further now in being able to buy under $1.70.
Many investors/traders think this game is an easy game, well it times like now when the survivors learn what to do, while many traders leave beaten & broken never to return.
Question, can you stay the distance?
Regards
Buffett