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Gold/Mining/Energy : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?

To: Jambo22 who wrote (10220)	7/16/1998 9:50:00 PM
From: Cytotekk	Respond to of 34075

Jambo, I have xx,xxx amount of shares of MINE. I am not a bigtime shareholder. I have invested x,xxx amount of dollars in my MINE stock. My initial purchase was at .12. When the stock is selling at 2x to 100x or more my original investment, it is considered wise by investment types to recoup my original investment and be sitting with what are called, Free Shares. That means that you have used the appreciation of the stock to purchase itself so to speak. You take your original investment and invest elsewhere hoping for the same result OR rebuy the MINE shares on a dip below the $1.50 that you sold at. If you study stock charts you will see that there are dips with most stocks, even LU and Yahoo. That is why I tried to sell at $1.00/$1.50. MINE is not my only investment. Some profit taking is useful when trying to build a diversified porfolio. When I was trying to sell at $1.50, it was only 25% of my MINE stock. I actually had more than I intended to keep longterm. I still would have had xx,xxx shares left in which I will hold long. I hope this has helped explain my position. Colleen

To: Jambo22 who wrote (10220)	7/16/1998 10:06:00 PM
From: Jim Bishop	Read Replies (1) \| Respond to of 34075

Long on MINE to me means I hold shares that I will hold long term, and that is still the case, it also means to me that I am not shorting the stock. The most I have tried to sell at any one time is 5000 (I have considerably more than that), and most of those sell orders have been high enough that I pretty well knew I would not get filled. What is wrong with selling a few to put into another opportunity? I didn't try to sell any either when I saw $1.75, but that was not because I am smart, it is because I am greedy, and fully expected to see over $2 the next day, at which point I would have taken my original investment back plus. I am kicking myself about that now - I was not smart, and neither were you for not selling, at least in hindsight. We could both have sold, bought back in and be sitting with free shares and a load of dough in our pockets. We blew one of the basic rules - get your investment back! Heck I could have a new boat, or the '94 black Viper I saw today for $57,000 Cdn, and all my shares. I will also buy more at the right price. I will remain long, really long, on a minimum of 5000 more until either mega bucks($100+), takeover, or death (of either me or MINE) do us part, and that is not smart, it is just being obstinate and greedy, but they are my shares and my money, so who knows, my circumstances may change and I may change my mind. Good enough for you? So what is your definition of "long"? Hold it all forever, leave it to your estate? Remember this is fun and games, ain't no fun if all you do is buy is it? Good luck, Jim ps: you picked the wrong two people if you were looking for short answers.