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 : Chesapeake Gold (CKG.V) -- Ignore unavailable to you. Want to Upgrade?

To: Jon Matz who wrote (632)	5/28/2003 2:04:33 PM
From: Canuck Dave	Read Replies (2) \| Respond to of 7835

Ok... Let's look at the mistakes you made. 1. When a stocks has a run like CKG on basically no news or fundamental reason, it usually means either news is imminent or a nasty (and quick) retreat is coming. I was getting an itchy trigger finger when it hit 3.50 (on the way up). It kept going up, so I didn't sell. In fact, I kept buying more. When it hit 4.50, I bought a few more myself. Took the loss 3 weeks later. I got out altogether for a while, then got back about 30% of what I had before. 2. We're not cheerleaders, but we do get excited when one of our holdings nearly triples in value (1.70 - 4.50). Don't get caught up in other people's emotions. 3. Many of us here had the predecessor of CKG (FGX) and did very well on it. We trust the picks from Claude's ormetal report, and for good reason. This one has hit a bad patch. 4. No guarantees in this business. 5. Stay in CKG or go? Each has to choose for themselves. If this one has too much emotional baggage now, get out, take it off your lists, and trade something else. It's not an easy choice. Oh yeah, one more thing. Keep at it. Your luck will eventually change and you'll become an expert. Or disappear. CD