Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: cmg who wrote (40588)	1/30/2013 12:46:49 PM
From: Rarebird	3 Recommendations of 48092

<<But if one buys 25% of a position and it drops 25% and then buys another 25% and it drops another 25% and then the stock drops another 25% and one buys 25% and it declines more.....................I might be puking.>> You hit the problem on the head as to why most people don't make as much as they can. Forget about how much you are down for the moment. All you need to do is identify overvaluation/undervaluation and scale in slowly. Only buy dollar amounts with what you can live with without getting uptight or bent out of shape. I've been acumulating GDXJ over the past year at $19.79, $19.53, $19.33. $18.86 (this past Friday) and at $17.51. I'm ready willing and able to buy more if new 52 week lows result. I've received a couple of nice dividends which have been nice. But I don't figure out what I am up or down every day. I don't care about those short term fluctuations. I want to be in when the inevitable strong move up takes place. I can afford to lose what I have bought in the Miners. But I am invested to win and win I will.

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