Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: SliderOnTheBlack who wrote (91663)	6/21/2001 8:54:49 AM
From: Frank Pembleton	Read Replies (1) of 95453

Good Morning Slider; I have a hard 20% rule, any and all stocks in my portfolio that move down 20% from their high I sell. I will not chase something down, average down, bottom fish, whatever... You recommended being completely out of O&G, a month ago? 20% ago? :) -- If I would have listened and acted on your advice, I would set my stops much tighter, possibly as tight as 5%. What I've learned from all this is; nothing wrong with being "in" early, nothing wrong with being "out" early and "protect" capital. I'm still in the market -- precious metals actually - Miramar and Pan-American, the rest is cash. I'll be thinking hard about a re-entry into KGC, keeping in mind that capital protection is my ultimate goal. Regards Frank P.

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