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Gold/Mining/Energy : The Great Canadian Stock Contest (Q2)
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To: Stox who wrote (614)6/4/1997 6:29:00 PM
From: Robert Miluga   of 732
 
Hi Eric,

It's times like these when we can learn the most about the game. One must always be prepared for the worst, which in my opinion includes rigid stop losses at all times. Personally, I bailed out of the mining sector two months ago when things started to deteriorate. I learned the hard way about riding penny stocks down - I never, ever do it anymore. A small loss is not fun, but it gives one the ability to play again another day. The contest is still interesting and I think it has validity in that controlling losses in a bear market is just as important as winning in a bull one.

Cheers,

Robert
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