SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold and Silver Mining Stocks
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: russwinter who wrote (1043)5/23/2001 10:54:14 AM
From: TrueScouse  Read Replies (2) of 4051
 
Russ:

Thanks for your comments and the excellent list of juniors from last week. I meant to respond before now, but... :^(

<<Don't worry about SWG, it will catch bids early next week>>

Good advice -- not to worry that is. I know from past experience that the hardest thing to do if / when a bull market really gets going is to hold on and realise the full potential of the move. I try to plan my "exit strategy" in advance, and then try to forget about the short-term moves.

For example, I've just reviewed the long-term charts of 10 of the better juniors (including CBD, SWG, etc.) and noted down the current price and the high and low prices since 1994. The averages for all 10 stocks indicate:

- Ratio of current price to low = 2.1
- Ratio of high to current price = 5.4

i.e. On average, the stocks have doubled since their lows, but they should be at least 5-baggers from here if we get a major move in PMs. This is why I'm trying to be patient. I tend to forget the long-term picture unless I keep reminding myself -- e.g. that FGX used to be a $35 stock and CBD traded close to $10! After waiting so long, IMO it's premature to sell out after a 50% or even a 100% rise. Take out some initial capital maybe, but leave the rest on the table for the big move!

So, waiting and looking forward to the day when SWG goes above it's previous $28 high....

Regards,
Howy
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News