Denis; The 5 day interval was when PFG went from around $3.85 to just under $6. the difference of the 5 days was just over $2 and my 20,000 shares made me $40,000 total change of funds. My average price is $2.85 so I am well into the profits now.Now worth around $142,000 less the $16,000 margin I owe=$126.000 less cost of $57,000 = Net profit of $69,000. It all sprang from $5000 last fall. Pfg climbed, I bought/sold on/off margin etc. so in one sense I have made $121,000. But I count it as fresh money when I sell and rebuy as revenue canada does the same and I pay taxes on it all. I could have made the jump to IPM, thats life, always a bridesmaid, never a bride. I think PFG has some life, so I stayed there. In retrospect had I traded my 20,000 for 20,000 IPM at the $6 I would be up $120,000 from that point in IPM and I would be up $26,000 in PFG for a delta of $94,000 GRRRR
But if I had bought BRE-X at, and If I had invented the transistor and if if if. I am reluctant to buy as it may turn around and in two weeks be at $4 again, and I will be clowning with you. I am waiting for PFG to run, and then I have a hierarchy of stocks. Columbia, 10,000 tomorrow. It will go to $2.50 in two weeks, then some PNB, Penn Gold. it will be $10 by summer. and so it goes. I have never been in the market before that time. Check my thread profile. I know a lot about mining and can see a technical hole in an instant. I also know a lot about metals and money flow as a reader of every busines magazine in the world for the past 2 years. Don't forget I got some PFG at 85 cents and went up/down sold bought etc to build up. Mostly helped by Shirley Owen on PFG. Very astute analytical person. Now if I had $10,000,000 I would buy a little bit of this n that, like a stock boutique. I learned long ago never to cry about the one that got away. I feel IPM has got away from me, and I could not comfortable buy due to doubts in my mind as to whether or not it would go down. from my minig experience I know this cannot happed to PFG. The values are there, no fear..
Fortunately most in 1997 so little 1996 taxes, but some.
Bill Jackson |
