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Gold/Mining/Energy : Canadian Microcaps

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To: Ciao who wrote (156)	9/3/2003 10:33:48 AM
From: Gulo	Read Replies (1) of 817

Not that it helps ease the frustration, but I did something similar. If I recall correctly, you brought CTY to my attention in the first place. I bought CTY at an average of over $3. I analyzed the bejesus out of that stock and couldn't find anything to explain the drop from $7. I was so confident of my analysis that CTY made up over a third of my portfolio. As it drifted down, I began second-guessing my analysis. I vacillated between buying more and selling. Eventually, I sold around $2.30, suspecting that there was something the market knew that I didn't. Instead of making 3-400%, I lost 30%. CTY, along with bad timing in BBY, set me back a year. If I find something like that again, I'll be more inclined to believe my own eyes and put less faith in the market's wisdom. -a

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