Donner Minerals (DML.V) Message Board

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Gold/Mining/Energy : Donner Minerals (DML.V)

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To: Jimsy who wrote (1269)	12/3/1997 12:29:00 AM
From: Ed Pakstas	Read Replies (1) of 11676

Jim... Re: Bottom fishing... Here's my take... Bottom fishing is OK if you want to average down or hold a stock until a story begins to unfold... Everyone has his/her own way of investing... Personally, I like to bottom fish only to average down a hold position... Even then I might wait until I see a more definite uptrend in price and volume... I figure that if I pick up stock less than my last buy and the stock is showing definite promise, ie: price uptick accompanyed by reasonable amount of volume, I'm ahead of the game and I'll sell into the uptick to either break even or make a reasonable amount of profit without gettin' to greedy... There have been lots of times where I have sold just below break even just 'cause I get a bad feeling... I find that if you watch a particular small group of stocks all the time you get a sixth sense for the action...Nine times out of ten, when I go against my gut feeling on a particular play... I loose... Fortunately for me all I have tied up in this one, the NAI, MGJ and CWA are the profits that I made from trading the upticks...When I relate the purchase price to the present share value, I call them losses...(Just my way of thinking)... I'm still in these VB puppy's 'cause the saga ain't finished yet... Re: Gold Price... Not even gonna begin to pick the bottom on that one... I do know one thing... If and when she gets back over the 320 US mark I'll feel a lot more comfortable... Until that time we can only speculate and keep our eyes and ears open for new sagas... I intend to play those with small positions and take a reasonable profit, if and when I can... ...ed

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