Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Nuvo Research Inc -- Ignore unavailable to you. Want to Upgrade?

To: Cal Gary who wrote (8503)	1/25/2002 2:12:09 AM
From: russet	Read Replies (1) \| Respond to of 14101

I have been banished to the corner of the cage,...to play with my diamonds, G12 indicator minerals, root zones, gold and PGM nuggets, and worthless freebie stock certificates ;-)) No margin,...margin kills. As far as freebies,...with pennies showing some momentum I buy 5000 to 10000 shares, wait for 10%+ rise, and sell down to 500 or a couple thousand freebies and try to book a couple hundred bucks profit depending on momentum of the stock, excitement with the stock etc. The discipline is not to hang on for too long because few stocks keep their gains and keep rising for long. For higher priced stocks, buy less shares, wait for less of a % rise and sell down to 100 or so shares. Do this several times to accumulate a more sizable position if desired. One day one of these POS's may go up to $100 or so, and the shares will be cashed in...and perhaps the hamster will re-inflate and be able to move the cage away from the snakes (gggggggggggg) For some reason, I fell in love with SUF,..Chris is such a magnet (gggggggg), and forgot these rules for two years,...and got squished :-(( Then again falling in love worked for Winspear and Argentina gold. I have noticed this method (not falling in love) works really well most years from Dec to Mar,...but from Mar to Nov, except for a few seasonal rallies, it is usually best to forget the freebies and just book a couple hundred bucks profit as fast as you can and get back to cash. It is a slow, but amazingly sure way to riches. Not as much fun as 10-1000 baggers, but it gets rid of the valleys and keeps the peaks growing. The odd time you get a Goldcorp, or Agnico Eagle, Meridian, Biovail, Nortel (before the crash like Monty) and get to sell your 1000 or so freebies for 5 figures. Most of the freebies just sit in the cesspool, occasionally jumping up and stinking a bit, but invariably falling back to join their POS brothers and sisters.