You could do that, WY, and there's a similar post around here somewhere...
I'm actually going to try and grow one plant of a cordon variety (San Marzano) by doing just that, and keeping just two stems from the sideshoots near the bottom! I'll stop them when they get to about three trusses per stem!
I assume you haven't taken out any sideshoots yet?
As an aside, if you have the room, you can always bury them deep in a pot, even taking off the lower leaves, as they just grow more roots, and in fact make for a pretty decent plant as well! Another way is to plant them as a layer, along a shallow trench, and just let the top few inches curl up - it's the same priciple!