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Gold/Mining/Energy : Global Platinum & Gold (GPGI) -- Ignore unavailable to you. Want to Upgrade?

To: JACK R. SMITH JR. who wrote (5194)	2/26/1998 10:33:00 PM
From: JACK R. SMITH JR.	Respond to of 14226

Jack, Since we are not interupting any other conversations, may I feel free to speak? Yes, Jack, go ahead, speak your mind as you always do! Thank you, I will. I would like to speak about the small investor and tactics and strategy. I have been frequently right about my tactics, but wrong about my strategy. I can be right about the tactics, but wrong about my strategyl. So, I am right in the wrong market, and I loose. First, I need to determine the strategy of the right market, and then determine my tactics. Most of us small investors do not understand the strategy of the markets, nor the forces which influence them. We tend to buy at the bottom and sell at the top. I have said this before, if you remember. If we are to be successful, we would choose uptrending markets and buy at the bottom and sell at the top. A strategic change is required if we are to be successful. Not only that, but we must study and be superb in the timing of our trades. I am certainly learning that. Change your strategy. Buy at the near bottom and sell at the near top. No investor can determine the near bottom nor the near top, but he can determine the relative bottom and the relative top. So what if you are off by 20 or 10 percent. This has nothing to do with GPGI, but may serve well in the future. Remember that in order to succeed as a small investor, and you can, you must determine the direction early and act early. Sorry, that is our lot as small investors, and we are at an advantage in that we are small and can act post haste when we need to. Blabbermouth, again, Jack!!!