Wednesday, December 03, 2003

Imotto: Until you sell a stock, you have NOTHING in your possession. All you have is bits and bytes, streaming quotes and paper, all gains, all profits, REALITY only in your imagination. The dream can disapear with in a wink or soar to unimagined heights, but it is never REAL until you SELL -- no gains, no losses, NOTHING is real but hope and fear. That is what makes this game tough, that's what makes it Fun for some, or too Stressful for others.

Will GSS go down to the high 5's, as a previous post suggest? If you think so -- SELL NOW. Will it go to 20 -- or HIGHER -- as some suggest? Better hold on. Read about Jesse Livermore. Read O'Neill. Buy more stock on margin as it goes up. Retire at 30 and get out. Or stay in and maybe finish your days a pauper or the owner of a small country. Your time, your money, your call.

Advice: You are Young. When Gold is finished with its play, and someday it will be, find the next trend if you can, the place that has been down so long it will NEVER come back. Then find the next stock in that nevernever land, read what the people who own it have to say, think about it, and maybe go with it. Don't worry about the business it is in. Just Play The Trend!! Volume, Trend.

Oh yeah: Accept your losses (because you will have them) and take them sooner rather than later. Done is Done. Stay in the game. Learn. Don't "play it safe" or you will wind up with very little or nothing in the end.

Put 10% of your "profits" into real gold and silver. Like it was your religion. Try to forget how much it is worth. Just keep putting it in.

That's all. EASY!!

TYFYT