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 : Microforum (MCF:TSE) -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (517)	1/20/1999 10:28:00 PM
From: JAS	Read Replies (1) \| Respond to of 3896

Two ways to look at it. Hold , knowing it will rise again and exceed the last high or day trade on 15-25% spreads. Learned a lesson with BII after buying at 5.80 and it started to drop (a while ago) Got a bit nervous and since it broke my 10% rule , I sold. Went to work $800.00 poorer and come home to see it 6.80 and climbing. When you have a stock trade 15 million(as in BII case) or MCF with 5 million(after less than 1/2 a million til then) it probably is better to hang on for the ride... or at least until the indicators get so high it looks like they might go off the scale. The early MCF I had at 1.05, would have given 50% more profit if I would have used stops instead of "in and out" a half dozen times. AND while I was doing this my QTR dives. So I am not sure if I am too far ahead in this game. I have rules... I just have to learn to abide by them. Lots of warning indicators.... there will be some correction on both of these. BII the other day when it dropped below 5.00 and MCF today getting everyone back into focas after all those trading day highs. Watch those Bay Street fat cats that lease their BMW'S off the backs of those that work for a living, they see depth that we don't, they view stops and limits and can gather market indicators, and I suspect they just might know NR'S seconds(probably days) before those of us that have our finger on the enter button... BUT,, the bas$%$#$ will know we are around if we stick to certain rules of this casino game. Jim