To: teevee who wrote (474 ) 5/15/1998 4:07:00 PM From: Michael M. Cubrilo Read Replies (1) | Respond to of 1207
Teevee, I feel that information is one of the most valuable and powerful tools available today. I love the internet. I used to painfully graph stocks on paper or on a lotus spreadsheet, looking for trends, etc... Now, with a few keystrokes, there it is. Same with financial information.... boom, there it is. And now, it is the same with technical information. Today, you and I have some of the same tools that were previously only available to a select few.... it was no big secret, was it? I have little use for analysts. As far as I am concerned, they are individuals like you and me... some with less qualifictions. And, in my opinion, some of them make recommendations with hidden agendas. The BreX analysts... boy, they were sure qualified professionals. All it would take is one hard ass analyst with balls to say: "Take me there, let me drill a hole myself. What? Why not? Why can't I do that? Do you have something to hide?" How can you be a mining analyst if yoiu have never worked in the business and do not know what technical questions to ask? How can I challenge a Doctor when I know nothing about medicine? How? By learning for myself. I am grateful for those individuals who posted honest, straight forward information regarding, for example, mining issues. There are certain, baseline technical issues which must be revealed even for mining issues. For example, is 10 feet of 3% nickel great or not? Depends on overburden, depth, area, infrastructure, etc... I have learned all these things from discussions on the Internet and SI Threads such as this one. There are some great technical individuals providing information on some of those threads and I am grateful for being more knowledgeable and seasoned. Emotions will not help. For example, I have bought and sold Crystallex (KRY) twice. Made money both times. There are those that BELIEVE and HOPE that KRY will get the court decision and zoom to $30.00 And there are those, like Asensio, who have strong sells on the stock. For every buyer, there is a seller, who is right? The bottom line is why are you or I investing? The answer is clear... to make money. I watched the chart on KRY and when it doubled in 3 weeks, I sold 70% of my position around $11.00 It is now $6.50 I am now totally out of it as there are other buses leaving the station every day. For example, check out MRY, it is leaving right now. The trend is your friend, and sound technical and financial information will help. There is money to be made on the up and down swings. Wealth is the transfer of money from one group of individuals, to another. There are many ways to accomplish this. I am tired of trying to explain my motives - I am not a shareholder at present, but may be in the future. I will attempt to answer all questions to the best of my ability and for those that I do not have the knowledge or answer, I will do my best to find out. Thanks for vote of confidence. Have a good weekend. mike