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Gold/Mining/Energy : Epic EAS.v (formerly Epic ERB.v and Safari SIR.v) -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (1778)	4/5/1998 8:29:00 PM
From: CLK	Read Replies (1) \| Respond to of 3335

I agree with you and Ben Graham and am a value/speculative investor combination picking cheap little unknown plays that have the potential to become household names..hence Safari and Rhombic. I try to have enough shares so that if my bet is correct I can get my money out and still have enough for the ride. My big error has ALWAYS been selling too soon and not having enough left when I turned out to be right which is rather often. That is why I am so interested in selling strategies because it is where I am a weaker player. I wonder how your strategy would have worked on another winner I had..STT.V which I bought (45,000 shares) at .35 and it ran up to 55 dollars plus. Problem is that even though they have a world class nickel deposit and a monstrous gold discovery it has taken them so long to get going and they are still working on it that the stock came all the way back down to 6 dollars before starting to rise again. So I think somehow one must factor in the time frame for development even when big hits are achieved. For SIR, for example, assuming they have a field the size of the San Juan or Black Warrior basin and therefore we can classify it as a monster hit, it will still take three years before the field is in "full" production. So do you hold for the whole three years? First things first but if it is big that will become a serious question.