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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: keith massey who wrote (13215)5/17/1999 6:14:00 PM
From: Lola  Read Replies (2) of 62348
 
I understand where you're coming from Keith. I know alot of people who have lost all kinds of money waiting for the big one. I have relatives who still have SEXI certificates. I sold mine for 100%+ profit and bought a house while they waited for the $25 before they would sell. They never got the $25, instead it went to $0.00.

I trade these types of stocks but only if they are very liquid. SKG had alot of accumulation going on in the last month and that's why I bought it at 0.105 knowing that somebody was going to run this stock up. But even at 0.105, I realized that there was risk involved so I reduced my position and put the money into more solid companies (which by the way got me a 60% return last week).

So even though I wish I had kept all of my SKG which I had bought at .105 for this big run, I realize that something like this is completely unpredictable and can just as easily go against you and that is very hard to recover from. Also, 2 weeks in a row with 60%+ profits is not that bad. I hope I can keep it up, but I don't count on it and am happy to take a small gain over a loss any day.

Lola:)
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