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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: baystock who wrote (857)	4/26/2001 5:03:03 PM
From: russwinter	Respond to of 4051

I understand, but the good news is that it sort of disciplines holders not to overtrade. You won't carry when BAY is pushing four bucks and headed higher.

To: baystock who wrote (857)	4/26/2001 5:15:08 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 4051

RR, I agree with you that $190 is a high cost when compared to what you could have paid at Penntrade (US$29) or at a Canadian Broker. Still, this is less than $0.04 per share or 2% of the stock price. A 2% fee to enter an investment make no sense if your hope is to make 10% or 20%. But here the situation is one with much more potential. The 2% entry fee becomes irrelevant in this case. Volatility in these juniors is a far greater influence than the commission costs. As an example, BAY is up 22% in 5 days or 10 times the commission costs... You should based your decision to buy Canadian Stocks not on the commission costs but rather on the thru potential. Claude