Stop Price on Stratos, Better Late Than Never
I realized after I had e-mailed Thursday’s introduction to Stratos Renewables (SRNW) I didn’t actually include a suggested stop price. Sorry about that - I was trying to calculate some last minute numbers, but didn’t get that one actually typed in. Anyway, I think 70 cents would be a good stop level. That’s what will appear on the trading parameters.
One thing I want to stress again is that Stratos is really more of a long-term idea. There’s probably some value to you if you’re looking for a short-term ‘trade’ (which is who the target and stop is for), but the big ’investment’ really isn’t on yet. We want to observe what kind of progress the company makes towards production. The projected numbers are huge though, so we weren’t kidding when we said this could be a big winner for 2009 and beyond.
Anyway, stay tuned to the blog tomorrow morning. There may be some volatility we have to work through or think about early in the morning for any traders. I’ll blog anything that may need to be decided.
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