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Gold/Mining/Energy : Pinetree Capital-PNP-CDNX -- Ignore unavailable to you. Want to Upgrade?

To: The Devil Dog who wrote (198)	4/11/2000 9:12:00 PM
From: Jim O'Connell	Read Replies (1) \| Respond to of 233

Here's an attempt, please correct me if I have made a mistake. Symbol.....Shares owned.....Todays close JAWZ.......40,000...........US$6.81 LUMM.......1,000,000........US$23.00 CMER.......100,000..........US$20.37 SXML.......2,700,000........US$19.75 GENE.......1,800,000........US$3.75 ESL.T......650,000............$10.25 SAC.V......1,000,000..........$0.55 TER.V......100,000............$2.64 MNTX.CDN...2,100,000..........$1.25 Total Value................$138,763,389.13 Canadian $ CASH ????????? Won't give out that info Plus the following holdings in private companies Pinetree acquired 70,000 Special Warrants of OnX Incorporated ("OnX") at CDN$10.00 per Special Warrant. Each Special Warrant is convertible, for no additional consideration, into one Unit. Each Unit consists of one Common Share and 1/2 Purchase Warrant and one Bonus Warrant. Each whole Purchase Warrant entitles Pinetree to purchase one Common Share at the IPO price (still to be determined) for one year after the IPO date. Each whole Bonus Warrant entitles the holder, without additional consideration, to acquire a further number of Common Shares which is yet to be determined (based on IPO price and other factors). Pinetree acquired 20,000 Jotter Technologies Inc. Series A Preferred Shares at US$10 per share. Each Series A Preferred Share carries with it 3.9684 Warrants which gives Pinetree 79,368 Warrants. The Series A Preferred Shares pay a non-cash dividend of $0.70 per share or 7% per year. The principal amount paid for the shares together with accrued dividends are convertible into Common Shares at US$1.26 per Common Share on December 31, 2001. The Warrants are exercisable at US$1.26 per share. Pinetree acquired a US$210,000 ACS Sports.com, Inc. ("ACS Sports") Convertible Note. The Note pays interest at 10% per annum and is convertible into Common Shares and Warrants to be determined pursuant to a formula. Pinetree acquired 698,500 Common Shares of ProLessons.com Inc. ("Prolessons") at US$0.45 per share, representing an approximate 7.4% equity interest in ProLessons.

To: The Devil Dog who wrote (198)	4/11/2000 10:40:00 PM
From: New Economy	Read Replies (1) \| Respond to of 233

PNP was a classic lesson for me. I sold half my position when I doubled my money...which was around $6.00 range. Lesson #1: Don't be a PIG and get greedy. Then I sold another 25% when it hit $14.65, I though this was a key Resistence...turned out to be a key support level. Lesson #2: Take some profits off the table Watched it shoot up to $20.00 range and waitied, waited and watched it drop for the last little while. I changed my original stop which Dr. Elder says never to do from $17.50 to $14.50. Lesson #3: NEVER CHANGE your original stop. Stopped out and bought back in @ $14.00, $12.50 and $7.50. Lesson #4: Never double up or try to catch the bottom of a falling knife. Wait for the stock to bounce back up and stay above a certain moving avg. Oh Well. It has been an interesting experience in the markets for me to witness at a young stage in my trading career. Just when I decide to take a couple of stops off. P.S. I am quiting my day job at the end of the month. I am NOT gonna day-trade full-time but will position trade and work on a new research project and study for my CFA exam this June. Thank-you for input on the merits of trading for a career but we shall see this fall things should turn around again.