Flag Resources (FGR.A A) Message Board

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Gold/Mining/Energy : Flag Resources (FGR.A A)

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To: Elizabeth Andrews who wrote (2717)	3/8/2000 9:24:00 PM
From: xxxx	Read Replies (1) of 4269

Elizabeth, shorting is not the only way to play the hyped penny stocks. I still say it is not a good bet to short a stock below $1, unless you have good inside info. In my case I had myself well covered in Flag & GLB by gradually buying twice the amount that I intended to keep and then selling off up to 1/2 the holdings when the price doubled or more. I was sitting with a bit more than half of my original holdings to this morning and a little profit. When the bad news hit, I unloaded most of my holdings. I may add to the portfolio when the stock dips lower - if it does so. I follow this method in all of my holdings which I consider to be risky. I see no difference in penny mining stocks or blue chips as to how they should be treated. It is all just one big casino in my opinion. You have to have luck with the cards. There is much less risk of loss of investment with this approach, and a better return, than by shorting a stock based on a hunch. You can get squeezed very badly in the game of shorts. I, myself, have played it successfully when I have very good info to base it on.

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