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Gold/Mining/Energy : JAB International (JABI) -- Ignore unavailable to you. Want to Upgrade?


To: tech who wrote (268)10/21/1997 5:10:00 PM
From: James Griffiths  Respond to of 4571
 
Hey Tech,

About 2 hours ago I talked to investor relations. Been trying to talk with him since yesterday. Played phone tag for a while.

James



To: tech who wrote (268)10/21/1997 5:43:00 PM
From: D.McQ  Read Replies (1) | Respond to of 4571
 
tech....one more thing about discouragement. The worst trade I ever made was when I knew there was news coming out and everything was in place.

I bought a stock in the $0.30 to $0.35 range. It was such a sure thing I told everyone I knew about. They all bought shares in the 20 cent range. It sunk to around $.20 to $.25 and sat for a week. I keep verifying and double checking everything and I knew it was going to run but I got discouraged and ticked and decided to sell and buy something I thought was better.

I thought I could sell the first one, put it all in the second stock, pull out my profits and buy back into the first stock before it took off.

It seemed like the moment I sold the first stock, the news hit and it went over $1 with minutes and there was no way to get back in before it slowed and fell back much like BCMD did the other day. The second stock turned out to be a dud I lost money on. ( I hadn't done the research on the second stock that I had on the first and I got ticked that the first stock hadn't ran right away.) Unlike BCMD my research didn't show that the first stock was a good investment at the higher levels and I never bought back in.

All of my friends called to thank me for all the money they made,
which or course made me feel a zillion times worse. Now that is what you call the real dark, dank, blues!!!

Now I check before I buy. Hold only if it looks like a postive money maker and never, ever, ever make a decision to sell at a time like this for BCMD. I also never recommend a stock unless I'm going to be there for the victory party. There is only one thing worst than recommending a losing stock to friends......that is recommending a winning stock and not repeating the rewards of winning.....

You have nothing to be discouraged about with BCMD unless you sell when you should be buying

Darlene