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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed -- Ignore unavailable to you. Want to Upgrade?

To: eric deaver who wrote (3527)	6/24/1998 10:28:00 PM
From: lazarre	Read Replies (1) \| Respond to of 11684

Eric, This morning you were discussing the pros and cons of averaging down which I happen to agree with, particularly with MTEI.The following could be applied to all stocks you believe possess the fundamentals needed to move them forward and was written by a gentleman whose been around: <<< Don't sell a position simply because it is going down, you don't lose until you sell. When you sell it is a serious decision, that has been weighed heavily. Don't expect to time the market, no one can and the pros are a lot better than us. The strategy on a company you believe in, is to average your position, than when the stock turns, as it will, your net market gain is better. You should not max out your cash and / or margin position on any one order. You'll need to be able to average as you go along. I keep repeating this, because it is a fundamental and will change your whole attitude towards swings that happen during the trading day. If you daytrade you will only make as much money as the size of the position you'll scalp on. Daytrading can be exhilarating, but can also ruin you financially. If you want to daytrade, make sure you: 1. Understand a Level 2 screen and time and sales 2. Get a feel for the market makers in the stock. 3. Get a feel for the other type of investors in the stock. 4. Have lost $50K trading. 5. Can lose another $50k. 6. Go to the bathroom only before and after trading hours. Daytrading is about momentum, not fundamentals. Most daytraders will hardly ever make more than a % of their portfolio a day. And unless they have great resources, will eventually peter out within a few months. Daytrading is an individual act, which requires that you benefit off of momentum. >>>>

To: eric deaver who wrote (3527)	6/24/1998 10:29:00 PM
From: Janice Shell	Respond to of 11684

Doesn't it make A LOT more sense to see what resources you have before committing to an exploitation (or leasing) plan. Of course it does; it'd be irresponsible not to do so. But does it make sense to talk about the possibility of making successive acquisitions before planning exploitation? Only if you intend to lease your properties. And that's the question I'm asking: does MTEI mean to get into the mining business or not? This is something potential investors need to know. It makes a difference.