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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: gold$10k who wrote (3736)	5/11/2002 10:23:57 AM
From: TheBusDriver	Respond to of 39344

<<This is rather like driving at very high speed on the autobahn and then having to slow down to "only" 70 mph on any other road. We get "velocitized" on the autobahn and afterwards it feels as if we are crawling along on any other road. IMHO, being velocitized by a surging market is one of the emotions that I need to overcome in order to maintain my investment perspective.>> pretty good analogy vt and correct too. Like I said, I just need to settle and have some confidence I am making the right decisions as I move from the stocks that I know the best. <<Just my 2 cents>> More like 2 bucks. Thanks Wayne

To: gold$10k who wrote (3736)	5/11/2002 3:20:55 PM
From: crustyoldprospector	Read Replies (3) \| Respond to of 39344

Relative velocity ... I learned that lesson 2 years ago. About 3 1/2 years back, I bought this stinky little Canadian gas company off the bulletin board for something like 70 cents Canadian. It sat there for a year doing nothing, but I had patience with the value story. When it raced to $3.00 and paused I sold, and was thrilled to pocket a 3-bagger on such a rapid move. Well, last I looked Ultra Petroleum traded north of $14. Recently, this lesson has been helpful when I get the itchy finger to unload QUALITY juniors, like MFL, BAY, and ELD. I've taken significant profits in both, but I'd have been a fool to unload all my BAY or ELD; and, the 20% capital gains finish line is now in sight on the held positions. Also, I'm not down-in-the-mouth about issues with value that haven't moved yet, like GBG, because they will have their period of high-velocity rise. And, as long as the gold story holds, I won't be quick to sell the GBGs when the green number reads 300%, just because the stock pauses. FWIW! crusty