Energulf Resources Inc. ENGFF

RE: Hey Idiots

[grinch]

You kinda missed the point............ as my reference was in regards to placing your trust in what analysts represent/say not that ENG is similar to Bre-X from a corporate point of view. ENG is one of the Great elephant hunt stories in the market right now, if you have the capital that you can afford to loose 100% of your investment, it is worth the ride IMO. You have others whose investment philosophy is to daytrade this for a profit, as the volumes have been relativly high to make quick gains. I have been in since the $1 range and the story is compelling but their are no guarantees in life and I can live with loosing 100% of my investment. Here are some( I think I am up to 35 now from successful traders around the world) important trading rules I learned the hard way that I will pass onto some of the newer traders as I am a little concerned with the influence of the bashers: 1) Don't trade on tips-trade with the trend not your friend. 2) Look out for buying fever it is a dangerous disease. 3) Buy in a selling market when nobody wants stock 4) Sell in a buying market when everybody wants stock 5) Never enter into a specualtion without clearly conceiving the precise amount of profit that is sought and exactly the amount of loss that will be submitted in an effort to secure that profit. 6) MOST IMPORTANT RULE - BE A CONTRAIAN 7) Ignore the news media. The true goals of the national news media are to shock, agitate,entertain, and editorilize not provide usable information. Many of the finest traders avoid all contact with the public news knowing how profoundly it can undermine a trading plan. 8) Whenever hope becomes a chief factor in determining a market posiiton sell out quickly. I Enjoy the forum and I don't post alot LOL!!! GLTA G