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Gold/Mining/Energy : TS TELECOM (www.tstelecom.com): ASPIRING TELECO -- Ignore unavailable to you. Want to Upgrade?

To: Ciao who wrote (1452)	3/4/2000 12:06:00 PM
From: speculatingvalue	Respond to of 1762

TOM is by no means fully valued. The current price still doesn't reflect the 8003 holdings and earnings should be way up in the future. Almost all of their earnings were Q4. In my mind, someone is holding back 8003 so they can purchase TOM cheaply. I wouldn't be surprised if it falls back to $2.75 in the short term, but the long term looks great.

To: Ciao who wrote (1452)	3/4/2000 1:37:00 PM
From: John Trudeau	Respond to of 1762

Ciao, excellent comments. Your OONE experience is the best lesson you can learn. If you're happy with the fact you made a profit and don't regret not having made a ridiculous killing, you have the skills to survive and prosper in any market. It's the majority that look back with regret that lose in the long run. I know, I use to be one of them. It takes a long time to develop the skillset to weather the market's ups and downs. Unless you've survived and learned from investing through several market cycles, the odds of failure are extremely high. WRT TOMmy and this nutso market: enjoy it, take some profits, tuck some away, and entertain thoughts of basking in the sun in the months ahead. P.S. Louie, did you buy your VW? Make sure you get one with a sun roof. JT

To: Ciao who wrote (1452)	3/4/2000 2:58:00 PM
From: Gordo	Read Replies (2) \| Respond to of 1762

Ciao & JT, Good to see that there are still some rational people left in these insane markets. Every time the market reaches a new high or another mining shell on the CDNX "re-invents" itself as an Internet play and rockets 1000%, I reach for the bookshelf and grab Burton Malkiel's "A Random Walk Down Wall Street" to re-read chapter 2 entitled "The Madness of Crowds" - an excellent read on the history of hysteria in capital markets starting with the Dutch tulip bulb frenzy in the 1600s. What is equally terrifying for me is when I read some of the posters on discussion groups like Stockhouse who have never known a bear market, who think that everything goes up forever, and (even more terrifying) buy companies without knowing what business they are in, what products they have, or ever looking at a financial statement. Some of these posters don't even know basic financial terms like market cap, float, P/E ratio, EPS and yet the are throwing their hard-earned money at these penny stocks which have become daytrader's toys. The pros are running the stocks up in a hype rally and then dumping the shares on the newbies who cling to some naive hope that they will go back up as they continue to fall. Classic pump and dump. The hardest lesson that I have had to learn is not knowing when to buy, but knowing when to sell (especially the psychological barrier of selling losers as some part of our psyche doesn't want to admit we made a mistake). Maybe someday I'll write a book about this - I already have the title picked out - "The Fleecing of Innocents". Anyway, it is making it increasingly difficult to find quality picks out there. My largest holding is currently OML on the CDNX - this is still a solid company with good people and (gasp!!) EARNINGS that are growing. I still hold some TOM, although I have sold enough so that everything I am playing with now is profits. I am currently increasing my O & G holdings - recently added some more URC, and LBR. LBR is particularly attractive as it is trading at about 1.5X forecast 2000 cash flow (cash flow based on assumptions of $21 US oil price). I am also toying with the idea of allocating about 10% of my holdings to "playing the hysteria" - short term investing in dogs for fun. Any other thoughts out there?