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Gold/Mining/Energy : T.ITE: iTech Capital (TSE) -- Ignore unavailable to you. Want to Upgrade?

To: teevee who wrote (2873)	12/5/1999 9:41:00 PM
From: keith massey	Read Replies (1) \| Respond to of 5053

For some strange reason, many people sell the winners and hold the losers. If you have ever read Dr. Elder's book he goes into detail about this vicious cycle.... lots of people do it and it is worth reading to get a detailed Physiological explanation of the phenomenon. I think every investor has held on to, and averaged down on a loser...it is part of the game. You either learn not to do it or get knock out of the game. I keep a one dog (EAGI) in my account to remind me not to get trapped in this cycle. Every time I open my account I see this dog and it reminds me never to play without a predetermined stop. Best Regards KEITH

To: teevee who wrote (2873)	12/5/1999 10:02:00 PM
From: SwampDogg	Read Replies (1) \| Respond to of 5053

Actually I sold JDX at $1.45... I wonder if this one breaks support if you will all be selling or holding. My guess is that you will be averaging down just as you have been. Sometimes the decision is an easy one and sometimes it is difficult. On Friday I dumped SCS for a small loss because it broke down...that was an easy decision. When you have a stock like CN.B the decision is very difficult. I knew that technically the stock looked like crap but a possible takeover complicated things and I had confidence that it would be a $15+ stock again in the next year. The idea is to make money and there are many ways of getting to your destination. Sometimes what looks like the fast way is the wrong way.