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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: Claude Cormier who wrote (3454)3/6/1997 12:25:00 PM
From: David Regep   of 35569
 
Claude writes:

<<In general, isn't it a better idea to take profits on the way up rather than buying more...!>>

I disagree, if a stock is hitting new highs, what is going to stop it from continuing. You keep averaging up and if the stock starts to tank, make sure you escape without a loss. Example, a friend started buying CTN at 7. He bought again at 10,20,30,40,50. Since end of last year, it has tanked to below 3 at one point. He got out at 40. His final profit was still huge compared to him taking profits from his first investment.
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