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To: im a survivor who wrote (11043)7/30/2003 4:06:17 PM
From: Sig  Read Replies (1) | Respond to of 13815
 
Re Geacf or gac.to

<<What is your average cost, if you don't mind me asking, and since you obviously follow the charts on this, where do you think is a good entry point and what number are you targeting as upper resistance and a possible sell point. >>>
Started buying in Jan '01 at$1 .50 , avg cost around $2.80 (US)
Had 10 k shares once, did some terible trading, even sold nearly all at one time, bgt lots back
So now I seldom trade that stock, it often goes down on the date of earnings as shareholders dont like hearing about those planned acquisitions
Present cost again at around $2.80 US
I do think the Canadians manipulate it, selling at $5.50 then buying back around $5
Cant get a good handle on shares traded per day , but Yahoo finance often shows it and is probably correct
The SI site sometimes shows millions traded which seems untrue.
Sig



To: im a survivor who wrote (11043)7/30/2003 8:16:19 PM
From: Sig  Read Replies (2) | Respond to of 13815
 
They say if you can properly identify the problem the solution becomes obvious.
Lots of problems.
1. We dont know whether the market is going up or down
2. We dont know for certain whether a specific stock is going up or down
3. If a stock is going to go up we dont know when, it may go down first.
4. If a stock does go up regularily, its not going to go up fast enough.
5. Non-of the above are important problems until we make enough money to buy a LTBH stock
Therefore the first and most important problem is to make money with which to buy LTBH stocks.
( I exclude those with a job and income, because they dont have the same problems, unless they also invest)
To make money here it is necessary to invest in some way even it is to buy puts.
Defensive investing does not work
Need offensive investing, take a risk. And it should be more than one stock to avoid problems 1,2 or 3 above..

They say timing the market does not work- that is a crock, reiterated by brokers to convince people they should let the broker time the market and handle your money. My broker timed the market, said to buy Jdsu at $123sh.

So first we need timing, then we need several of the proper stocks, then we must take a chance
1. IMO this is a right to to buy because the market has stopped going down after many years of doing so, and we know the government is doing its best to keep it from going down again. Only very rich Democrats wish for that
2. Now we will need the proper stocks that will go up fast, and IMO we should follow the money and buy stocks that have been going up at a good rate. Not for a day or so but weeks or months- mo-mos.
Thats risky- a needless risk for those who already have their B+H positions, but a needed risk for us.
3. Invest to the extent that you can handle from experience which is somewhere between twitching,nervous, panic and ulcers. Just enough to keep you away from spending assets on new things like cars or golf-clubs or eating at fancy restaurants..
If your wife stops talking to you, you are over invested.
If you dont shut-off the computer until 12 PM.you are over-invested.( I shut down at 10 or 11)
If you ask the driver next to you on the freeway how the market is doing, you are over-invested
Ulcers are contagious, all margin-granting brokers have them and they can be transmitted over the phoine
I've had several cases of those, but Prilosec can keep them under control and avoid trips to the emergency room.
The VA has free ulcer pills, so I get mine there and save $2 per day
Sig
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