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Gold/Mining/Energy : Donner Minerals (DML.V)
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To: Douglas who wrote (758)10/30/1997 5:00:00 PM
From: the Chief   of 11676
 
I have a fixed number of shares that I buy and hold. I then buy and sell another group of shares. ie. I like donner for a longterm. I buy xxxx shares. I then look for buying opportunities with the intention of averaging down. If the stock becomes "emotional" and starts gyrating(correction, ambiquous news,"no news type release,6-8 page releases etc.) then I sell the "averaging down" shares and try again to get in at a lower price, over and over. Ultimately the plan is to have retained the original shares purchased but have $0.00 involved. I am "trying" to do this with CRN and DRZ. The correction worked very well and was an unforseen gift. If I had been as accurate as Ed was with his prediction I could have done much better, watch Ed he's got it wired. I am still long on the stock.

Actually the only "positive" drill hole for "public consumption" is the one that equates to $$$$$ values, which they published (.69 meters nickle etc). All the other holes are like a clue on how the surrounding geology is/was developed and would likely be meaningless to most.Its like trying to solve a murder mystery with everyone in the room having a financial interest in the Killer as opposed to the corpse. The dead guy on the floor is ignored, everybody wants you to find the killer "right now" so they can get paid.

didn't mean to mislead

the Chief
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