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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (24639)	7/21/2003 9:55:13 PM
From: Fiscally Conservative	Read Replies (2) \| Respond to of 206183

dabum Those who pay fund managers to manage their finances via mutual funds are looking for better returns in that they are not able to achieve a greater return on their own. Those who trade their own accounts are looking for far better returns. I do not trade like a fund manager nor do I expect the type of return these guys might gain. I expect,when trading my own account,to far outproduce anything they are capable of. The risks I may take are off set by the potential compensation/loss. Everything in the market is risk based reward. Knowing,or having the idea that what one knows as a balanced approached to risk based management is not an exact science. Each equation is determined by the individual. btw: I own mutual funds :) If I may ask,what type of % gain returns are you satisfied with on a given year;with all due respect.

To: chowder who wrote (24639)	7/21/2003 11:21:44 PM
From: Larry S.	Respond to of 206183

bum, $5 is looking like a decent support level to me. now lets see if the market agrees. ggg.

To: chowder who wrote (24639)	7/21/2003 11:59:21 PM
From: grinder965	Read Replies (1) \| Respond to of 206183

dabum, Always enjoy your posts and the technicals you generously share. Also, you are spot-on when it comes to S/T trading and stocks in a downtrend and I'll accept your statement that NONE of the best traders buy a stock when it's falling. However, I think it's also important to note that some of the world's best money managers do just that. First lets separate fact from fiction......most (by a wide margin) professional money managers under perform the market averages. Ever wonder when a stock tanks big time and the volume increases tenfold who's doing all the selling? Sure the shorts pounce and many of the little guys on margin get squeezed and have to sell but it's the large money managers and institutions who do the wholesale dumping. Why? well it's usually because they don't want to show their bosses and/or clients that they have a huge loser in their portfolio. In other words, they do it because they don't want to get fired! Even though in most cases it is a really dumb thing to do. Although many would never admit to it but if they were holding the same stock in their own personal portfolio I doubt they would sell in most instances. So I guess what I'm trying to say is that if most investors knew what many of their so called professional money managers were doing with their money they would be shocked! BTW - My biggest gains have often come from beaten down stocks in which I take a small position, start to follow closely and are later pummeled into submission when all the bad news comes out. As long as my DD says BK is not in the cards, I sometimes step-up and buy three, four or maybe even five times as many shares. Requires a strong stomach and is not for everyone but it can result in some phenomenal gains. Of course one still needs to manage their capital but putting as much as 20% into one issue is not as risky as it sounds. Keep up the good work!

To: chowder who wrote (24639)	7/22/2003 5:13:19 AM
From: jim_p	Read Replies (1) \| Respond to of 206183

Brother Bum, "I'm going to invest your hard earned money, in stocks in a weak sector with lots of bankruptcy possibilities, and I'm going to average down in my buying points. If we succeed, we're rich. If not, there's always more money where that came from, I hope. Keep them hard earned dollars coming my way!" I see you've been reading my brochures again!! Picked up another 50K at 5.15 at the close. Keep them shares coming. Next stop 5.00. A break in the 4's and I'll be back to 100% invested in just one stock. Now that they have a web site in Spanish, the buyers will be flooding in from south of the border. ir.thomsonfn.com har har har!! Averaging into a bottom is my new investing theory. Buy when others are selling and sell when others are buying. BTW, I won't tell mom you sold a stock that's been down for 7 of the last 8 trading days. da-patient-bum