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


To: Bruce Little who wrote (1755)12/9/1997 6:28:00 AM
From: Ed Pakstas  Read Replies (1) | Respond to of 11676
 
Bruce, I was getting to your question... I don't give investment advice as I'm not a licensed Investment Advisor... I do shoot my mouth off at what I'm doing after I do it and state opinions on trading patterns and numbers...Right now I'm looking to lighten up and take some profits... I have stated before that I only purchase on down ticks...

Personally I think we are going to have a "herd effect" this morning and will probably see this puppy go higher... I for one am going to take some more profits... I will be getting back in if the trading pattern indicates that I should...That is to say that I like to buy when nobody wants it, as long as there is a continuing saga...And this saga is far from over...

I do see plenty of trading opportunity's for short term trades...BUT... I'm not gonna tell you when or at what price... Looking at the chart for resistance levels, I do concur with the others that there is resistance at the 3.00 - 3.30 level... If what Vaughn is saying comes out to be a fact (re: drill results)and that is a BIG IF the resistance level will get chewed up like it was not even there...The numbers will tell you where this puppy is gonna go...I just got lucky last week That's all...

Oh Yeah! Just for your info...As of last week I was down over 50% on my long position, so I was feelin' the pinch along with everyone else that purchased at higher prices and held on...

I'm not a techno, but I do watch the trading patterns verrrry closely ( minute to minute)...It's a select few that I watch on realtime quotes, so one can develop a feel for them...

Personally I think brokers are just there to take orders not to give investment advice...In this day and age they are competing with Discount brokerages and On line Trading...They don't have the time to sit down and talk to you...So, my conclusion is that most of them don't know what the 'ell is going on...

And as for the internet, I think that most of us regular posters use it to vent frustrations when we're losing and give ourselves a pat on the back when we come up with a winner...

...ed