Hey Ryan,if I can make one suggestion based on my pass experiences,the more recent ones being where things have worked out for me because of it.Have stop losses on all your spec plays.I have done the average down or stubbornly believed my dd was correct and held on to the bitter end.Two of Peters picks(note for lurkers of this board,not pointing these out to badmouth Peter,it happens) over the last year that didn't do as well as expected were ATW and HGC.I was in both of these.When things started to not go right and they traded down to my stop loss levels,I sold and moved on.Minimized my losses and moved the money to other plays which have made money.Yes ,you should look at learning a little t/a.It would help pick those stop loss levels.Also with alot of these grass roots plays,when a major becomes involved,you may be getting in at a higher price but the success rates go way up as well.Also,as Peter always states 'management is the key'.Strong management is never effected by money constraints because they always find someone to give it to them(under favourable conditions to the company) because their plays are more sound.Now I'm starting to ramble.Hope this helps give a different perspective on things.Good luck.
