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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM -- Ignore unavailable to you. Want to Upgrade?

To: GlobalMarine who wrote (6161)	10/18/1998 8:03:00 AM
From: Richard Mazzarella	Respond to of 11603

Rand, there are a number of investors that invest just based on TA, don't have the foggiest idea on what a company does, and like it that way. One short term investing specie is momentum trading. The idea in investing is to make money. In the spectrum of investors there are also fundamental value investors who look for value not currently appreciated by others. There are even those who make money knowing something is overvalued and invest in valuation normalization, the shorts. There is lots of room in the market, lots of stocks, lots of stories, lots of opportunity to make money. Every company has positives and negatives that can be exploited. Mature investing takes a rational approach to any stock story. We can be either be proactive or reactive. Bitterness is a reactive result that never makes an investor any money. We can only learn from our mistakes and try not to repeat them. However I have seen a number of examples where the lesson was only partial and trying to avoiding a similar mistake lost me money. All stock stories sound great when we buy, we pride ourselves on our genius. It's only when the stock story gets weird that we tend to blame others. Most speculative stocks fail, 90% of the biotechs and similar speculative stocks fail, that's just the market. You may want to lament the past failures, but what's the point? Cathartic?