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Gold/Mining/Energy : Ultra Petroleum (UPL)
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To: Traveling Man who wrote (4577)1/21/2000 4:43:00 PM
From: Keith Utz  Read Replies (1) of 4851
 
To All

I sold all my UP shares over 1 year ago. Unfortunately sharesholders in these small companies really do not know what's going on even tho we are spending a lot of time doing DD. I learned a valuable lesson and that is going with those with a proven track record and even then we must sell if a stock is going down without any apparent reason. Another lesson I learned is be careful of some natural resourse newsletters because there agenda may be to feather their own nest and not ours. Even though I have been out a long time I check back to this thread often to see whats going on. Easy money is being made by those in the internet, wireless and bioteck stocks and I have been there during the last few months but its probably time to lighten up on positions now because a bubble seems to be forming. Only go with those with a proven track record at this stage. I've been investing(speculating) for 40 years and still don't have it all figured out...but the old saying that where there's smoke their's fire has proven to be true most of the time. Smoke was forming on UP horizon over a year ago. I lost a bundle on gold as well as oil and gas stocks so I know how all of you that has invested in UP feel. Investing is a humbling experience. Good luck to you all.

Keith
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