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Gold/Mining/Energy : Donner Minerals (DML.V) -- Ignore unavailable to you. Want to Upgrade?

To: Jimsy who wrote (1269)	12/3/1997 12:29:00 AM
From: Ed Pakstas	Read Replies (1) \| Respond to of 11676

Jim... Re: Bottom fishing... Here's my take... Bottom fishing is OK if you want to average down or hold a stock until a story begins to unfold... Everyone has his/her own way of investing... Personally, I like to bottom fish only to average down a hold position... Even then I might wait until I see a more definite uptrend in price and volume... I figure that if I pick up stock less than my last buy and the stock is showing definite promise, ie: price uptick accompanyed by reasonable amount of volume, I'm ahead of the game and I'll sell into the uptick to either break even or make a reasonable amount of profit without gettin' to greedy... There have been lots of times where I have sold just below break even just 'cause I get a bad feeling... I find that if you watch a particular small group of stocks all the time you get a sixth sense for the action...Nine times out of ten, when I go against my gut feeling on a particular play... I loose... Fortunately for me all I have tied up in this one, the NAI, MGJ and CWA are the profits that I made from trading the upticks...When I relate the purchase price to the present share value, I call them losses...(Just my way of thinking)... I'm still in these VB puppy's 'cause the saga ain't finished yet... Re: Gold Price... Not even gonna begin to pick the bottom on that one... I do know one thing... If and when she gets back over the 320 US mark I'll feel a lot more comfortable... Until that time we can only speculate and keep our eyes and ears open for new sagas... I intend to play those with small positions and take a reasonable profit, if and when I can... ...ed

To: Jimsy who wrote (1269)	12/3/1997 1:26:00 AM
From: Terence Mitchell	Read Replies (2) \| Respond to of 11676

Hi Jim, it isn't polite to ignore people, however seeing as how you passed by my comments I will add to what I said (for others), in all the time I have known TECK, I am not aware of them disposing of shares on an active play (particularly where they were the principle drill contractor). I've Managed projects for them in the past so I am not without some knowledge of the company. If you (or anyone) has a better or more rational scenario which explains the current SVB area demise then I would be pleased to hear it. I suspect I have been invested in VB much longer than most (if not all) posters on these VB forums. I am attempting to discover the truth, speculation is an easy game, which reminds me of an analgous story about two friends who were out for a beer; -After awhile, one turns to the other and says "gosh, life is -just like a glass of beer -His friend responds curiously, how come life is like a glass of beer? -to which the first guy responds, "how the hell do I know, I'm not a -philosopher!" It's really quite easy to speculate, but does it bear any resemblance to fact or what's going on, when it comes to money it's best to invest on facts.(In my case in VB after DFR I didn't, I bet on a geological chance). What I have learned since my original investments in the VSE and ASE is that there is 99.8% chance that the play is mostly mirage and quite probably a charade. Thank goodness there are rational investments to help keep people out of trouble all together. I'll even give you one; BRK-A (NYSE) bought May 1995 at $21,900 US, closed today at $ 46,300 US, thats an increase of 110%, during the same period NDT Ventures (which I still have) has gone from approx $4 to 32c, a decline of 92%(wow, that's performance). The reason for some of my cautionary comments should be fairly obvious, however if they aren't then let me state it simply, YOU CAN LOSE MONEY MOST OF THE TIME IN THE JUNIOR (SCUZZY) MARKETS) I have and I'm not bitter, my losses won't affect my lifestyle (I have some better compensating gains, BRK-A for example) I just don't like losing money to useless vermin. (Brokerages, Promoters etc) regards, Terence Mitchell