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Gold/Mining/Energy : Napier International Technologies Inc. (T.NIR)
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To: Imran who wrote (42)4/24/1998 5:45:00 PM
From: Mark Calp  Read Replies (1) of 2444
 
Hi Imran,

I used to hold for the long term & there is nothing wrong in doing that; that way you don't have to guess when to get in & out. But I lost a lot of money in a business and don't have much cash or any cash flow now, so I have to capitalize on situations when they present themselves. I personally find that my charting system indicates price movements & trends & trend reversals very accurately so I rely on it rather than just fundamentals. But honestly, in all my years, stocks go up and stocks go down. If you you take profit, you've achieved your goal. There is always a new story. NIR is well situated over the next 2 years to give you 2 or 3 times your investment back, but you have to just leave it & go on to other things. These people are building companies and that takes many years. The co. just grew tenfold in a couple of months (.30 - $3.15)
Ther will be many periods between major contracts & important news, so either way will be appropriate depending on your goals and your cash flow. I started selling at $2.95 down to $2.55. I was in early and kept some just in case but normally you will always have opportunities to buy lower. Even the almighty banks have given us yet another one!

Later,

Mark
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