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Gold/Mining/Energy : SOUTHERNERA (t.SUF) -- Ignore unavailable to you. Want to Upgrade?

To: russet who wrote (4161)	7/23/1999 2:11:00 PM
From: gemsearcher	Respond to of 7235

Russett - that was an excellent post. Thank you. Regards.

To: russet who wrote (4161)	7/23/1999 2:36:00 PM
From: Confluence	Respond to of 7235

Hello russett, most informative of potatoes, I propose a round of beers to the many informative hamsters heard recently on this thread. A learning curve with a bit of humour is of tremendous benefit, especially when delivered in such an even-handed manner. I'd only add that the one ingredient all momo investors need is good, regular volume, with signs that it might be increasing. (This is why WSP can be reasonably predicted) Another description of a momentum investor centers on the greater fool theory, which basically implies that you'd only purchase over-priced assets when you believed that someone else would pay you more for it later. In this case, the only fundamental characteristic that applies is demand, assuming the supply is too slow to adjust in the short run. Examples would be the real estate boom in Ontario in the late 80's, the Japanese stock market in the 80's, the present internut mania, diamond stocks 5 years ago, etc. Well done by all, and cheers! Confluence, quietly trying to become a wealthier hamster, using the tried-and-true "undervalued German pharmaceutical" route this week.

To: russet who wrote (4161)	7/23/1999 2:53:00 PM
From: VAUGHN	Respond to of 7235

Hello Russett Fascinating stuff. Had no idea Ed had started that thread. I will have to surf by from time to time. I guess you might say that I have been arguing on behalf or the momentum types in harping on management for not pursuing Yamba exploration and its story. Their value approach has certainly put everyone to sleep. On the momentum style, I can't help but wonder how easily one loser after a series of minor winners, might wipe out the profits of someone who invests that way? The moral issue aside, I would think you would have to have tremendous nerves and be constantly glued to the monitor. It's like sitting at a one armed bandit every working day for years. I think I would lose discipline or concentration for a minute and get burned. I am not sure it's for me. Terrific post Russett, thank you. Regards