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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: energyplay who wrote (82977)4/14/2007 8:26:24 AM
From: Bearcatbob  Read Replies (1) of 206253
 
How are we doing? Well I convinced my wife to retire early. I am taking money out of the market to materially change my life style. I am far more concerned now about risk than gain.

I am seriously interested in risk mitigation strategies used by board members. Things I have done include:

1. Selling calls on half of my positions when they price looks extended.

2. Getting out of stocks that are simply wait and hold situations.

3. Writing down specifically why I hold what I hold.

4. Watching charts like a hawk.

The one joy I get out of this is my wife claimed I waste far too much time on the internet. Well - the rewards are showing now. This board, a few others and some never met internet friends have paid off hugely. I can even afford to still go to Canada - lol!

Board - watch the gold shares. In particular - take a look at US Silver - V.USA. If nothing else - I like the symbol. The whole Idaho Silver Valley is a returning opportunity.

Bob
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