Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Mandorin Goldfields MGD.V -- Ignore unavailable to you. Want to Upgrade?

To: arisetech who wrote (328)	11/3/1998 10:00:00 PM
From: Abbeydale	Respond to of 633

Thanks! Sometimes it is good to step back and count our blessings! This week has been confusing and somewhat frustrating. I was watching the ticker and just happened to see DML start to move from .25 to .28 and then .30, it stalled as I was reaching for the phone. I stopped to look at the charts again and I said, "Naaa, this will never hold". My gut was to throw a couple or three thousand at it. Should have gone with the gut! I could have gotten out in the low .50's for about an hour! Nuts! So, the lesson I learned was go with your gut. I have been watching MGD all along with the DML play and threw a sucker bid in at .05 after early trading cleared the .05 bid to reveal the 170+k at .04. I got topped at .06 and then WHAM, First Marathon cleared all the.05's and left 4000 on the ask! I quickly called the broker and snapped it up just before the bell! Perfect! What a way to play the DML! If it hits, KABOOM! If it doesn't, I am Ok too. Even bailing at .06 nets a tidy little sum! HOWEVER! I think I will hold on to this one! Even if DML doesn't hit this fall, something will pop early in the new year! What better place to start a run to .50+, than at .05! Hopefully Zimbabwe will pay off as a hedge on SVB! We'll see. All in all the best trade I have made in a couple of months! Any thoughts from others regarding the Zimbabwe play? I am not that familiar with it (since I was playing the DML angle). Thanks! A