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Non-Tech : Sungold Gaming International (SGGNF)
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To: L. D. who wrote (2109)5/12/1998 5:09:00 PM
From: c.r. earle  Read Replies (4) of 5164
 
L.D.

Sorry I ruffled your feathers. When I decide to sell my shares it will be my decision and no one elses.

And frankly I have been selling some shares. And as it turns out it has been the right decision. This company has continually disappointed, and it is increasingly annoying to have fellow investors give that great insightfull advice 'well if you are that unhappy sell'.

I simply do not understand why it is so difficult for many of you to hear the truth, or possibly better stated debate the merits of the reality of our present situation, you simply do not want any differing opinions voiced, and the classic rebuttal remains-"well then sell".

It is my intention to sell a majority of my shares very soon but with the volume being almost nill it has been difficult. I sincerely wish you all the best and hope that this company is successful. But stop kidding yourselves, look at your returns over the last year. We have been in the midst of the biggest bull run in market history and yet our money sits here gathering dust. Oh but don't rock the boat everyone says, it will happen when it happens. Well during that time money is being made elsewhere, and you keep convincing yourself it is just a matter of time before that release that sets the stock on fire, how long have we all been waiting for that. And then psychology takes over and you think well I have been holding it this long I might as well keep holding it. That my friends is the sign of a loss just waiting to get bigger.

It is unfortunate that we cannot debate the merits of this company without falling in love with this stock, and furthermore without being offended by an opposing view. But no we do not want to be mature investors, we just want to wait (forever if necessary) for things to happen.

You are right on one aspect, my suffering is quite painful. And yours should be as well, I find it difficult to believe that you are quite content with the events of the last year and up to the present. But that is your concern not mine.

Regards
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