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Gold/Mining/Energy : Gold and Silver Mining Stocks
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To: geoffb_si who wrote (926)5/4/2001 11:29:21 AM
From: russwinter  Read Replies (1) of 4051
 
<waiting for very undervalued situations to develop or present themselves.>

There already are very undervalued situations presenting themselves, and investors interested in this sector are mistaken if they believe this is going to persist. I say step up and take some cuts, and feel strongly we are going to hear a lot of "shoulda, woulda, couldas" here after the fact.

I'm not so sure someone starting now will continue to have the luxury of waiting. A stock like MFL and FGX may just suspend trading and open up 400% after a takeover, so you just have to be in those. And POG? Who knows when one of these little rallies is the real one? They don't ring a bell do they? I see a name like SWG as a ground floor play that could go to 50 over a decade (or a lot sooner), so I haven't a clue where you buy it, but my cost of $3 seems close enough. To those who held out for $2.80, congrats you may more astute (or luckier) than me. I prefer not to get that cute as the stocks are thin and trade funny.

No, I'd get a good core position established right now. And be prepared to lose money on some names too. Then have a reserve on hand for exploiting stocks trading in a vacuum that get ignored (sometimes for awhile) after excellent developments.
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