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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Amigo Mike who wrote (8646)	9/10/1998 6:59:00 PM
From: LTK007	Respond to of 29382

Great advice Mike(edited version),I will check the put pricing for NEM and TVX---should have done that yesterday---I do believe that longterm that that gold stocks are at long last a solid investment as a hedge against a very unstable financial global market--NEM is able to be profitable with gold at prices below 200,and if gold returns to 330 area it is a 50 dollar stock---I have a simple objective to have 8-10k realized profit per month--my play last month to make 17k on PSIX I at one point had 140k invested---my trigger finger is based on the basis that it is better to miss a profit than have your trading money caught as dead money--my rule of thumb right now is I MUST take breakeven whenever I have doubt and am still learning technique--but as KZAP points out,that for now this has become a daytraders(or 24 hour trading) market--and I realize that if gold had tanked today my decision yesterday would have been correct--the point is,whenever you take breakeven is O.K. if it only takes one successful trade a month to meet your objective--I document my experience as I want it to be a diary of a person learning from zero knowledge and to see if it can be done---and to document that stocks is a very compelling and challenging enterprise--but I relize I must spend more time at my computer.Good luck,Max

To: Amigo Mike who wrote (8646)	9/10/1998 7:59:00 PM
From: Cary C	Read Replies (1) \| Respond to of 29382

ola amigo, APCO was very interesting today indeed. nothing but buying through most of the day. If not for current market conditions, I think it would have broken through and stayed above the downtrend line today. I hope we can stabilize a little bit. No matter how fundamentally sound a stock is right now, it is hard to justify buying something other than to day trade right now. I know institutions don't necessarily look at it that way but they also don't buy at higher prices if they are pretty sure they can get it at a lower price either. Another interesting thing to watch will be how APCO handles the upcoming options expiration. If memory serves me correctly, I believe each of the last 3 expiration dates they have been at or close to the lower one than the previous one? Cary