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

To: Michael Bidder who wrote (23461)	11/2/2003 4:16:08 PM
From: E. Charters	Respond to of 39344

<did I miss something?> When to sell. Look on the bottom of your certificate. It says "This share legal for sale" It says that so you won't feel you are breaking the law if you get rid of it at any time. Better yet ask your mama what was stamped on your ass when you were borned. It says on the left or right cheek depending on what religion you are, "Sell half on the double". There are a number of other places you can check out policy. In the seminal text on finance "Dick Jane and Spot" Jane says to Dick, "Sell the stock, Dick. Sell it at Spot.". And Dick says. " I sold the stock, when it went up. See Spot run" Jane: "Nice Boy Dick, catch the ball Dick." (Maybe that was Spot, but the idea is there.) Another great text is "Elementary Business Practice" by Barnhard and Wilson. In chapter 11, "Stocks and Bonds", it says "Stock is meant to be bought and sold by brokers in a stock market or exchange. A stock broker takes your order to buy and sell a stock on your behalf and executes this order to trade your stock on the floor of the stock exchange, with other brokers who have orders to do the opposite trades for other clients. It is this process of order matching of the buyer and seller that is called trading stock. A stock should never be held for too long. There are several classes of stocks. We say that some stocks are blue chip, others are growth stocks and some are what are termed speculative. Speculative stocks are those business ventures whose prospects are uncertain. Speculative stocks may erode in price rapidly and their value is never sure. A wise stockholder, here called a trader, will check the prices of these stocks often, and liquidate his position if conditions of the market seem to indicate that prices may fall." EC<:-}