Today I'm doing something I probably shouldn't do... but I have a gut feeling here... We're removing the trailing stop from Solucorp.
Because this stock is volatile. Extremly so. Plus it's trading so far below it's historic high of $8.50 set back in August 1996 - and our position size is so small - that we can afford to let this one ride for awhile.
Let's just see what happens here... Once some news hits of the company's coal-scrubbing tests (with a major global energy producer's working plant), and the other triggers are hit in January, we could be in for a very fun ride.
If something unforeseen happens and the stock simply hits the skids and goes down for the count, we'll dump it.
Till then, mind our other stops,
Friday, December 29, 2006
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