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Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?

To: Walt who wrote (4731)	1/4/1998 3:44:00 AM
From: Alfonso Agostino	Read Replies (2) \| Respond to of 26850

Walt you couldn't of said it better! Greed is what runs the market but it is also greed that sometimes ruins profits. I have learned that taking profits when you can is always the smartest move. The hardest part of selling is of fear of the stock going high! That is were i feel greed rears its ugly head. The month of December has been very good to me every since i have taken to this way of thinking. Although many of you really don't care about my trading style i will state what i feel. 1. Do your own DD i personally don't do any type of DD to tell you the truth i don't even know what DD stands for!! 2. If your stock is up and you have a bad feeling then sell it at a profit. Some profit is always better then no profit or even a paper loss. 3. If you follow number 2. then don't go nuts if the stock continues to rise. This has happened to me many of times but i dont feel bad cause i feel that im gratefully that i made a profit in the market. example. bought DML 2 weeks ago at 92cents sold at $1.30, next few days went as high as $1.78. Upset you ask me not at all! 4. I personally don't go long term into a stock unless i have too what i mean is that if the stock goes below my target loss price because i was sloppy then it turns into a long term hold! Now tell me how many people this has happened to! 5. Use only what you can afford and i mean that sincerely! I personally don't, i bet the farm, but im young enough to do so and i also feel that when more money is on the line that you aren't as greedy and are willing to take profits when you can. When people say well its only 500 bucks then you wait for that double or triple that rarely happens on a pick! Remember that this is my preference as an individual trader....if your gonna win try to win big....if i lose then i will go down in flames......what seems to happen is that when a stock doubles people always wish they had more invested so i say do it, people don't invest to lose! My style me be a bit risky but this is my mentality and although this would definitely not fit any model of the conservitive approach to trading that everyone seems to repeatively to speak about, i feel that this is how many investors deep down feel! As for giving advice i would never recommended this style to anyone but i do feel that is what has been contributing to my recent success in the market. It may sound contradicting but the more you invest the less greedy you get and more profits are taken. I say why not bet a few thousand and go for the 10-20percent return instead of waiting for a double or triple? Anyways i want anyone to comment on this a give me a few pointers on how i can refine my trading style. Good or bad comments welcome! Just thought i would give another side of the tale of trading in the market instead of tell people what they know they should be doing inorder to avoid losses! Good Luck All Alfonso p.s and yes i am a bit neurotic!!

To: Walt who wrote (4731)	1/4/1998 9:29:00 AM
From: George J. Tromp	Respond to of 26850

The number one objective in any of these plays is to preserve capital. Dont get married to the story and let it be self consuming. which is easy to do and quite frankly I have been quilty of in the past. My approach to Kla is predicated on the 19.8% interest., carried to production. The market will view this positively., in the same light., if one desires to dabble., is to make the money and take the money., ref. BB approach. If one stays to linger expect Mr. Applegarth to do some exceptional trading. He will be dancing the streets of Arizona or wherever., but unloading a ton of paper in the process. In the meantime should some economics show up., that tantalizes Southerna., and Kennecott., each owning 35% after earn ins., Applegarth will be sitting pretty with a swing position. The reference " weak" refers to his appetite for trading. This will not preclude a substantial move should a pipe be intersected. Island Arc 11 % percentage even thrown Kennecot or Southernas direction will not affect controlling opertorship in the event the geology bears out a discovery. The 1,00 target price is predrilling and my position is in the low .40C. I will be taking profits and rolling it into one of the 12. George