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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?


To: Buckey who wrote (11866)5/7/1999 11:33:00 PM
From: keith massey  Read Replies (3) | Respond to of 62348
 
Great post John

I learned the horrors of averaging down a long time ago. During my first 6 months of online trading I lost almost 30% of my capital averaging down on a stock called Hawkeye Gold. I was so sure that the drilling beside the Fortune property (NICO) up North would cause the stock to run up huge...well guess what...they ran out of money before they could drill, the last time I look the stock was in the .03 range...I started averaging down at $1.25. Stop out, move on and don't look back unless MOMO comes back.

Best Regards
KEITH



To: Buckey who wrote (11866)5/8/1999 12:33:00 PM
From: Sam  Read Replies (1) | Respond to of 62348
 
B.J.
I have been told that the tax man frowns on transferring to your RSP ,and claiming the loss ,thats a no,no .
sam