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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture -- Ignore unavailable to you. Want to Upgrade?


To: charlie mcgeehan who wrote (5083)9/21/1999 7:39:00 PM
From: Stocker  Read Replies (1) | Respond to of 15703
 
Keep in mind also that some traders have no interest in betting on the success or failure of one rig, yet it's a fairly easy trade to buy the stocks on the run up in anticipation of the coming results, then take profits before the announcement while there are still some to take.

I suspect that's what a lot of traders did recently.



To: charlie mcgeehan who wrote (5083)9/21/1999 9:55:00 PM
From: Steelguy  Read Replies (1) | Respond to of 15703
 
Hey Charlie....
Yes...your thoughts are well-founded I believe and I agree with you. I know that many, many times I have "traded" myself out of positions and profit. I am learning to change that problem of mine though and am getting much better at it....however....I am always learning and experiencing and hope to sharpen my skills as the years go on.
This play is very intriguing and I believe we will be handsomely rewarded for our patience and ability to hold. Taking profit is NEVER a bad thing....but for now....I think it would mean giving up some substantial gains that I feel are coming.......... we'll see.

I quite suspect that many a stockholder will be buying back the shares he/she let go today when they start to move again......a pattern we have seen tooooo many times.

all the best Charlie

sg