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Gold/Mining/Energy : Buy,Sell,or Hold, average down?
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To: Ron Pitts who wrote (22)10/31/1996 8:41:00 AM
From: tanoose   of 26
 
Hello Ron and Steve;

Both of your comments are well stated,if only more investors would only stop chasing the newsreleases and do their homework properly they might get a better feel for the cycles of these jr's.I am just sitting here wondering how many of these jr's are presently being dumped on and in about six months time there will be doubles and triples.Now i am not saying that newsreleases are not good,it's just that they should be taken in context as to what the issue is doing.To live and die by the newsrelease is a very disheartening way to make a go of it.As an example i've had great success in buying when there was little or no news,if the fundamentals of the co,are still sound it will only be a matter of time before the market recognises it.Right now the list of sound jr's in the markets at depressed prices is mind boggling,if only i had more cash,i could turn 1997 into a mega success year for myself and family.

With regards,Frank

P.S.It's always good to hear from you two gentlemen,i have always stressed to my kids that you can always learn something from someone if you just take the time to listen and never ignore the experience of others because that and only that is the greatest teacher in our lives.Later
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