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Microcap & Penny Stocks : IKAR MINERAL CORP...(IKAR)..looks to be ready & surprising -- Ignore unavailable to you. Want to Upgrade?

To: Laz who wrote (127)	3/9/1998 9:14:00 PM
From: James Bender	Read Replies (1) \| Respond to of 188

If you are thinking that way already..you better just sell now...Not directing this just at you but today's investors have no concept as to how the money is really made in this types of stocks. Yes you bought on a small runup and now it is lower than you bought so you might be of a mind to sell because you might be thinking that you got caught up in the hype and paid too much. It is that way on all these stocks, it is always the same names that make the money and it always the same types of people that lose money. If a person does the DD on the stock BEFORE buying and then buys, then the price 24 hours later really means nothing. If you are a momentum trader then you can only make the money if you are doing it close to full time and not just the type of person that buys the stock before he goes to work and then checks on the price when he gets home that evening. I have tried making money in the market many ways told by many wise traders some worked for me others didn't...When I buy a company I do as much DD on it as I can. Then I go to the thread and read ever post and see what it is that all the investors before me have been waiting on. Take this stock for example there are 5 threads and they are all anxiously awaiting the reports that are coming out now. This is the point I try to take a position in the company. IF I truly believe the company can do what it says then I take a position in the company that if I bought no more stock that my initial purchase and it moves 50 percent I would make a 5 figure profit. If it falls I average down, if it falls a dozen times I average down. I keep my cost average as near to the stock price as I can. Because I have done everything I can to investigate the company I feel comfortable doing this. Watching on level II gives me a good idea during this time to see if it is MM's taking advantage of scared shareholders or is it really big blocks shorting the stock down, sometimes you just can't tell. Sorry for the long winded message and again this wasn't really directed at you Laz you are probably just as experienced as I am

To: Laz who wrote (127)	3/11/1998 10:47:00 AM
From: Matt Musson	Read Replies (3) \| Respond to of 188

This stock does not seem to follow any real course. I expected the Kliborn report to rocket it over $6. But, here we are down at $1.50 again. The simple fact is that this is not a stock that can be predicted in the short run. However, this is still a $10 billion (US) world class deposit. In a few years they will sell out to a major. If they do it right - look for a billion dollar price tag. Just remember, it will be a bumpy ride to the top and THINGS WILL ALWAYS TAKE LONGER THAN YOU EXPECT. Go for the long term..... THanks.. Matt