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


To: E. Charters who wrote (27754)2/8/2004 9:15:28 AM
From: J-R  Read Replies (1) | Respond to of 39344
 
Does anyone have any opinion about the AQI financing closing? I think it is VERY favorable and could have been the reason the stock has been quiet lately...

JR



To: E. Charters who wrote (27754)2/8/2004 10:33:42 AM
From: TheBusDriver  Read Replies (1) | Respond to of 39344
 
Perfect, well thought out and some of the best advice I have seen posted in a very long time.

Well done. God, does this mean we might start getting along after all these years?<g>

Wayne



To: E. Charters who wrote (27754)2/8/2004 10:54:28 AM
From: Michael Bidder  Read Replies (1) | Respond to of 39344
 
Eric,

First let me say. I have nothing against you or anyone. Let loantech or anyone else know that.

At one time my father bought 50,000 shares of Denison Mines (1956 or so). He bought at 50 cents and it sprang to 1.50. He debated selling and conferred with a geologist. The geologist, who went on to become the VP of Western Mining for Cominco, was equivocal. My father sold. The stock went to 90 dollars. Did he do wrong? Was the geo wrong? Well yes, but no also. It is not illegal to take a profit....

I sold Abber at the top (1996), then Arquipa at the top. I hope to sell my IMA shares at the top to a Mining giant. I bought more stock last friday at $3.35. Why would I sell? I wish I had more money to invest more in IMA!

MATH: 10 shares x $10 = $100
1M shares x $10 = $10 Million

I don't absolutely know that IMA does not have an orebody. I don't absolutely know that if they do, they cannnot develop it. I don't absolutely know if AQI will sue them and if they do, I don't know that AQI will win. And I have no clue when this will all take place. I also do not know that IMA will not go higher.

I don't absolutly know I will make it through the day without getting hit by a car.

Life is full of surprises and your investment career if we are to believe you has been based on taking long shots on single stocks, and winning an losing big. This syndrome, no matter how artfully applied, is known as gambler's addiction.

I invest to make money. The gamble is what i try so hard to eleminate! I bet of GOOD bets. Not long shots. IMA was the longest shot of the three big investments I made (Abber, Arquipa, Fransisco). I feel fortunate it paid off. Yes there was a bit of risk (gamble) in it.

The trick is to manage your money. That is the cold blooded art which balances the too hopeful heart that many of us possess.

Many of us have a too hopefull heart. Lets place that hope on the right things. However this is a stock investing thread not a religious one as I have been pointed out so many times.



To: E. Charters who wrote (27754)2/8/2004 11:04:37 AM
From: B.Long  Respond to of 39344
 
E.Charters
Very nicely written but for some, you just can cannot teach what must be learned. James Caan did a movie depicting the type of behavior you describe, I forget the name, it was like leaving Las Vegas, a difficult movie to watch as the self destructive nature of these people unfolded before your eyes.

Sam your loss.

B.Long



To: E. Charters who wrote (27754)2/8/2004 6:16:02 PM
From: hank2010  Respond to of 39344
 
Well, pardner, we have certainly crossed swords (or hammers and picks!) in the past, but I strongly agree with the others who have complimented you on that post. Good reading for all, not just the one to whom you addressed it.