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


To: Ed Pakstas who wrote (2565)12/30/1997 9:25:00 PM
From: Buckey  Read Replies (1) | Respond to of 11676
 
Ed: I beleive you are right on the 30 day limit BUT.......
You can take losses on one stock and jump into another one you have not taken losses in.

Personally, I picked some dogs I felt that were lost causes. took the losses - learned some lessons (maybe). Then I averaged dwon on a few I felt strongly about that I was behind on. DML being one of those I feel strongly about. I also picked a few of my own bottom dwelling mud suckers (NO - Not Cannnacord brokers) cheap stocks.

I like the action the last few days. DML and NAI up something like 7 straight days thru the end of tax selling till now - and on no news or rumours. Volume seemed too heavy for just normal buying - seems to me there must be some word on the street.



To: Ed Pakstas who wrote (2565)12/31/1997 8:12:00 AM
From: the Chief  Read Replies (1) | Respond to of 11676
 
That's right Ed, this is why the last 10 days of November were terrible for the "Dog's" of the industry, everybody sold then so they could position themselves before the start of the year. Ifyou own a dog, you should sell it by the 15th of November, then buy it back by the 26 December. That way you can enjoy the quick "forced" runup by Mutual funds trying to improve their "% return" for the year, before year end close.

Take a look at Gold, yesterday it was down to about $291 from $299 a couple of days before. Yet the blue chip gold stocks actually moved up yesterday. Thats because the Precious Metal fund managers can move these stocks very easily during the last couple of days of the year, because most people aren't trading. So people (tax sellers getting back in) try to buy these stocks "before" the managers start moving them.

the Chief