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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (950)	8/31/2001 11:35:17 AM
From: MetalTrader	Respond to of 36161

did a little more talking to people who know. Comment on PCU was it wasn't considered a public company inside the industry because of Mexican control. It is the crown jewell of the company though. Also comment on FCX was, "I don't need the indonesian worry" perfectly good company that could be taken away in political events. If you think PCU is thinly traded..look at Noranda on the NYSE. Alcoa, nope, no target just watching the trend. there are several phrases that you know cost money. One is "it'll never get that low." I'd love to see a public service announcement of conventional wisdom perpetrated by the financial industry. "I'm in for the long term" (as he looks through the dumptser) "I buy the good stocks hold them forever" "this time it's different" "I don't want to take the loss, sell when it gets back to my cost price" It's very curious to me that human nature is so at odds with investing. People don't like to sell. Then those that do sell too soon. We live in an acquisitive, ownership based society. No ads (except ebay) that beguile us to sell anything. We are a nation of accumulators. Look in the bank lockbox of any church and see how many worthless stock certificates are in there. Must be immoral to sell. mt