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Gold/Mining/Energy : CDN. MOMO PUPPIES -- Ignore unavailable to you. Want to Upgrade?

To: Lola who wrote (14740)	11/17/1999 9:21:00 PM
From: The Osprey	Respond to of 36688

Lola good point on EGL.T.I played it using stops on the way up and some straight sells.I would suggest that anyone as I have said all along only play this with stop losses and trail them up as the stock rises.I have said this on numerous posts.I also said in one of my posts I was flying naked(no stop) and I instaed wenty to the sell side. I had 4 stocks on the ticker.NIK.V,OEL.V,EGL.T and BKP.T.....that was it. My advice to newbies is that this is a volatile stock and if I hadn't spoken at great length to the controller of the company to-day at egl(John McGraw at 1-519-756-5223) I would be really worried but I liked what I heard.If you decide to play it as a momo pick your price and right after you are filled place a stop loss below the biggest block on the bid side or where ever your risk tolerance level is and then put a stop limit about .01-.02 below it.That way if it sells out then you will get stopped out.On the other hand if it goes up you can follow it up with a stop loss and stop limit at higher lengths protecting your profits. On the other hand this started on the Buckey Bounce thread when I posted it and moved here due to the MOMO.It is a Canadian MOMO stock.It has volume, volatility and yes risks but that is what trading is all about.Like fuddle says whether you buy the Royal Bank or EGL.T you are gambling.The Stop losses and stop limits just allow you to be in the game longer. You know I have been in the Mutual Funds business for 15 years on Feb 11,2000 and I have been in Gic's and other so called Safe investments(selling them) since 1978.Someone once said to me that they didn't buy mutual funds as it was a gamble and that is why they bought GIC's.....LOL...I remember someone buying a gic in 1980 and putting it in for 5 years at 10.5 %.....Anyone remember how how GIC's were payng in the latter part of 1980 and 1981.I do.I was selling 30 day terms for 22 3/4% and 5 year deposits at 18.75% at one time.The people that bought the GIC at 10.5 were gambling rates would go down over the next 5 years.Oh well.Life is a gamble so take your chances and only invest what you can afford to lose. The Osprey

To: Lola who wrote (14740)	11/17/1999 9:28:00 PM
From: The Osprey	Read Replies (1) \| Respond to of 36688

"EGL-T . . . I agree this is a dream volatility stock but I wouldn't post a trade like this without a serious warning about what could happen. You never know with stocks like this . . . they could come out with horrible news after hours." Lola....that is a profound statement.All stocks can do this.That is one of the risks we take or gambles on any stock we buy.Should we post warnings on all our purchases??? I only posted my buys and sells as the thread asks.What other people do is their choice.I can't control that nor is it my intention to do so.for the recordEGL.T is an extremely volatile stock if you are a conservative investor.It is susceptible to violent swings.Only the more seasoned investor should play this and only invest what you can afford to lose or that which will not hurt you THE OSPREY