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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (5184)	11/4/2003 1:47:36 AM
From: russet	Read Replies (3) \| Respond to of 8273

Your last two sentences hit on the glory of the freebie discipline. If Sheritt is one of 200, its effect on the portfolio is near zero,...some are always going up,...and most trades give you freebies plus profit,...and the evergrowing profits plus initial capital are constantly looking for the next hot thing,...and there is always something hot to chase in any market, like oil and gas unit trusts last two years, dot commies, techs, miners, and biotechs the three years before that and goldies now. Selling to freebies is the discipline,...you forget about the emotion. Just slowly sell out as the stock climbs, 1000 today, a thousand tomorrow,...keep a thousand or two at the end. Then you won't moan a year later when the POS does a twenty bagger in a couple of weeks and you never got any at $2.00 and now its $30 like SWG,...still holding 1000 SWG freebies. Doing the same thing now on the SWG area play SRL,...got 7000 of those at $1.00, sold 1000 at $2, another at $3 and another at $4,...so I have $2000 profit and 4000 freebies to sell higher. MXY is next, another area play on SWG. That is a perfect example. Some you only get the freebies out, some you lose a bit to hold 1000, but this is rare if the stock had momo and good fundamentals. It's a long term strategy with a buying and selling discipline and it works. I have lots of freebies that wither away only to be reborn later like Red Emerald turning into MDW, or Conquistador turning into ORN. Have some that just sit there and look like puke, but they don't affect the valuations of the portfolio. Works really well for things like ABZ, VSM, DMW, GAM, SUF, WLF, MAE, CBD, CNI, NRI, BAY, FGX, SWG, GBG, NSU, IVN,..etc., you know some day they are gonna pop,...just don't know when. If you have good diversification and they are freebies, you won't get spooked into selling out before the big payday. Also you can forget about the freebies and concentrate on the portfolio that ain't freebies yet, and the next big things like CDY, DMX, ORN, ALQ, CLQ, ETG, ORZ, XCL, MXY, SRG, YSP, AGI and whatever other POS's are out there with a good story and momo.

To: marcos who wrote (5184)	11/8/2003 11:46:29 AM
From: E. Charters	Respond to of 8273

The only (well one of the many only) complaint(s) I have about the Northern Miner is that it's advertising section in the back has a very low hit rate. Like you could put a diamond drill up for sale, all parts and never uncrated for 25 cents a pound and you would probably not get an answer until onset of the next ice age. There is that and the fact that every other journal finds 3 times as much to say about the industry on a regular basis and in depth too. Kind of a thin sheet at times. Not enough editorial comment and analysis from different perspectives. What is great about it is you can save old issues and prospect from them. Sometimes the only mention of a mineral property in literature is in the miner, going way back to the 1930's. Some real gems in there, especially if you like Canadian stuff. A decent compilation and reference should someday be done. Paying for it is another thing. Another compilation and republishment that definitely should be done is the Ontario geological reports. The government decided in its downsizing and deprecation of mining services to throw out its library of old reports, and stop re-issuing or stocking them. It is impossible to get old geological reports except in library areas. Considering what was spent on them, and the fact that they continued to sell for decades after their first printing, it made no sense at all to discontinue them. Old maps are far better to prospect gold from than the new. Many of the rock features that are known guide to gold prospecting were left off the new maps. Just about every geological department in every government in the world has imitated Ontario's approach to running a survey and what do we do? Decide to dismantle it. I would think twice about voting in the direction of people involved in the downsizing of these departments. Both the GSC and the OGS got savaged from both sides of the political fence. As long as we have short sighted and prejudiced governments operating from new age knee jerk thinking about what drives an economy, we will continue to suffer setbacks in economy and living standard as a nation. EC<:-}