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Gold/Mining/Energy : Donner Minerals (DML.V)
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To: Frank who wrote (1793)12/9/1997 2:44:00 PM
From: VAUGHN  Read Replies (1) of 11676
 
Hello Frank

This post isn't meant as a criticism of anyone but I am with you. I am in this play for the long haul and believe in the potential of the geology.

I may be out of touch but I really don't want to make profits off the misfortune of another investor who speculated too late and drove the price higher just so I can pick his or her pocket.

Too much of that kind of action will inevitably dry up the pool.

I suppose I am naive but I sleep well.

My preference would be to have a Big Gun make an offer and let their futur profits pay for mine.

Besides, all this jumping in and out has got to mean that you hit your timing perfectly on each and every trade or you miss out on a profit or loss. On top of everything else, unless your in near the bottom and out near the top, are all the fees to a full service brokerage worth the $1 to $1.25 profit and risk of being out when another positive NR comes out?

I doubt a discount broker could act fast enough to get you in and out in time to hit things perfectly every time.

Sooner or later there is the potential for the granddaddy announcement. The mine maker intersection or take-over offer.

If you miss that one for the sake of a dollar here or there....

Then I would lose some sleep.

For example, all this selling and shorting today in the face of a NR that may come at any time on another massive sulfide 22% intersection below the Churchill gniess/Nain gabro contact from just this one drill, let alone the other two which are still turning and the last two holes still remaining to be sunk. On top of everything else, if DML/Teck decide to drill through the winter now, there won't be any three month news drought, but a constant stream of announcements.

I think a person could outsmart themselves pretty easily. Just look at J.J.

That poor b.....d can't even hold his water any more.

Suck up your courage, grit your teeth and trust in fate.

Regards
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