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Gold/Mining/Energy : Oil Sands and Related Stocks

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To: - with a K who wrote (6473)	2/1/2006 8:16:41 PM
From: rubbersoul	Read Replies (2) of 25575

Well, I trimmed a bit not because I wanted to but because my wife would have killed me if I didn't!<g> But seriously, it has become a part of my discipline to trim profits if something suddenly becomes overweight. For example, when CWPC doubled for me in a matter weeks, how could I justify it being my number one position at this stage? IPII.OB suddenly was worth 8% of my PF today. Although I believe in the company, I felt that selling half when the stock doubled in two days was part of good risk management. How could I not take some profits from DJE.V when I have more than doubled and especially when it's ST fate depends on one drill hole? All this talk about doubles..LOL! I am up +30% so far in 2006. Life has been worse ;O) To each his/her own. But when people advise to add to a stock on weakness, where do they get their money from if they are always 100% invested? JMO! JH

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