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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: LoneClone who wrote (10776)5/7/2006 9:25:02 PM
From: koan   of 78428
 
I own both with pretty large core positions.

They both have followings based on potential. The market likes them both. No one knows the true potential, but many are gambling so the shares go up.

I sold 3/8's of my ECU at about $2.96. I paid between .35 and .65.

Then I took the money and bought K wts. so for each share of ECU which I paid say roughly .50 for, I am now leveraging $13.50. That is a 27 to 1 leverage.

If the gold bull runs for another two years which I expect K should follow it fine. If K doubles to $27 then I will make about $15,000 on my original $500.

When stocks like ECU get to a certain large figure I always sell some and look for better leverage.

I ask myself would I buy this stock at this price. If the answer is no then I sell.

ECU and EXN may have flaws, but the market does not seem to mind. I learned in 1987 not to outsmart myself with preconceived ideas i.e. if the market likes the stock and is clearly going to take it higher then I am going to try and go for the ride for awhile.

I do about two trades a day. I hate trading and am not good at it, but I am always rejuggling my protfolio gettng rid of the losers and buying winners.

In a bull market like this I do not have much patience.

FAN is the only one I keep going back too and it has been one of my few losers.

Momentum and volume are very important in this market.

The trend is your friend is very true in the beginning stages of a bull market like this one.

I like the movers.
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