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Gold/Mining/Energy : Alexander Resources Int. (AWS-Alberta)

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To: Brad Danchuk who wrote (10)9/26/1997 7:30:00 PM
From: Garry   of 49
 
Hi Brad, charts are more important than the word of the PR person -
my lesson over the years is simple:
Don't listen to insiders, promoters or their friends - they only have
one goal in mind - to sell their shares to you at a price that gives
THEM a profit !!! And they always have a good story to tell !!
My approach: look at the chart, buy on down-dips, consider public float, PP to insiders at what price (perfect example - Donner, DRZ, insiders took shares at 1.15 last October - you could buy the stock at 50-60 cents a few days ago - now up to .95)and the most important
point: always sell some if you are in the money ! Penny stocks
are not a long term investment !! Granted, there is the odd
exception - and you can get really lucky if you find one !
As to AWS - since it came back to trading it moved around in the .50
to .60 range - if it dipps down, I'll buy...
Have a good weekend,
Garry
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