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Gold/Mining/Energy : Arcon Energy (MIDL Presently) The Ultimate Sleeper -- Ignore unavailable to you. Want to Upgrade?


To: Frank Fontaine who wrote (3644)6/16/1998 11:02:00 AM
From: Dave Bissett  Respond to of 4142
 
FRank - Maybe, but I'm putting the old clothes back in the drawer(g).



To: Frank Fontaine who wrote (3644)6/16/1998 11:03:00 AM
From: GC  Respond to of 4142
 
The only thing I can add here is I wish the MM would keep the spread between the C's and W,s boy would I load up.



To: Frank Fontaine who wrote (3644)6/16/1998 11:07:00 AM
From: Netnut7  Read Replies (3) | Respond to of 4142
 
So what is the lesson here?
1. Jump out at the 1st sign of trouble?
2. Stop loss after 10% of stock decline?
3. Money management-put in a smaller position and wait for it to be profitable?
4. Better DD. For what? How? I would have needed a crystal ball for this!



To: Frank Fontaine who wrote (3644)6/16/1998 11:34:00 AM
From: Almost Blue  Read Replies (1) | Respond to of 4142
 
Yes, I agree Frank, the stock does seem stronger today than when I bought at an average price of $28 for the P and $1.06 for common. Your assessment of the situation is right on target. I think I will buy more today. Seems like a buying opportunity.

Best regards,
Dumbass

PS We are all big boys and girls. To be honest, the 40 grand I lost (half of my portfolio) on this stock hurts, but I will get through it. I knew going in the risk I was taking (and the potential huge reward), but please keep your stupid comments to yourself. (ie "try not to panic", "remember why you invested in the beginning" (like nothing has changed), "our investment is stronger". Frank, please think about what you are saying.

As far as Ga Bard is concerned and his DD, stuff happens. No way to predict what has happened here. Just don't try to tell me all is well.