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Gold/Mining/Energy : ARP - V Argentina Gold -- Ignore unavailable to you. Want to Upgrade?

To: Famularo who wrote (588)	10/23/1998 4:22:00 PM
From: Mr Metals	Read Replies (2) \| Respond to of 3282

You all have 10 min to make up your minds...Tough call for you guys, eh? MM

To: Famularo who wrote (588)	10/23/1998 5:33:00 PM
From: waldo	Respond to of 3282

Frank, I have traded myself out of many good stocks before...leaving huge profits on the table. ARP smells of success IMO. For that reason, I trade half and hold half. The general pattern that I use for trading stocks hedges you against all of your emotions, whether you are extremely optimistic or fearful. Say you buy 10,000 shares@1.00....if it trades at 2.00 you sell half. If it continues up, fine, you are still making money(this diminishes the greed instinct),and still being cautiously hopeful. If it drops back to a dollar, and the fundamentals have not changed, you can buy back 10,000 more shares, to hold 15,000. You have satisfied your trading impulses, and you have lowered your average cost, giving you a cushion in case something goes wrong. If it runs to 2.00 once more sell 7500 shares and so on. You have enjoyed the trading aspect, with a core position at all times. Yes Kaiser is right...this is a traders dream. Mr. Metals...Corriente and Pacific Rim are old favorites of mine. Sold both too early tho! :>( W