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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?

To: SOROS who wrote (20440)	1/25/2005 10:37:01 PM
From: ecrire	Respond to of 108577

Don't think you can throw out "the baby with the bathwater".Personally I never speculate in penny or one dollar stocks with no earnings, only "prospects" and hype, but those things , on rare occasions, can work out for the thoughtful , discriminating player who has done his homework.

To: SOROS who wrote (20440)	1/26/2005 9:18:56 AM
From: isopatch	Respond to of 108577

Soros. Professional traders don't have crystal balls. Yes, I often buy high risk stocks. AND, have said many times during my years on SI that EVERYONE should do their own DD and make their own independent decisions. Nobody should ever buy a stock simply because somebody on a web thread talks it up. Because a professional trader buys something doesn't guarantee other folks will make money following him IF they fail to exercise the common sense rules of position management such as.... USING STOP LOSS ORDERS! To protect profits OR to cut losses. R we clear on that, Soros? However, like everyone else, I prefer profits to losses and with EGSRE (as in most other trades) I walked away with a nice profit AND posted my exit here so everyone could see I was out. In fact? Immediately after I put up that post, I even got slammed in a post by someone else for selling it because it went higher for another few days.<g> Nobody, who was PAYING ATTENTION, should have gotten caught holding the bag on this one. Isopatch

To: SOROS who wrote (20440)	1/26/2005 11:45:36 AM
From: longdong_63	Respond to of 108577

SOROS, "It should be, they put their money where "facts" have dictated they do, yet most stock traders are not interested in facts at all. In "fact," the entire stock market has nothing really to do with facts or investing anymore. It's all momentum driven." Now your catching on. Fundementals govern the LT trend, not the the ST/IT trend. A great example of this is TASR. "These people all believe they are on the planet to TAKE from the masses who are not as smart or talented or deserving as them." Yep, it's true. That's how the game is played. I am out to TAKE from anyone that is on the opposite side of my trades. That's how markets work. You have to think like the boyz do if you want to have your best chances at survival. "That's why, at some point, the "market" will correct to where it should be, and that is about 50% less on average than where it is." I agree with you here. This is more fundamentals related as part of the LT picture and not the ST/IT picture. It could start tomorrow or take 3 years from now to begin. In the meantime, you could get clobbered on shorts while you wait. But eventually you'll be correct. "I get real irritated when things like EGSR happen because I know real people somewhere have been hurt by the TAKERS once again. I just hope these TAKERS all get the shaft when the markets implode at some point." Why? Because they were wrong? They bet on a .60 cent stock that trades on light volume....enough said. Don't play pennies unless you have throw away money because they can get wrecked.