Frank: OT/ Miramar:
Just hold it as long as feasible till sell, not a stock to trade. Been reading up on basic hold patterns of the people who were doing this 30 years ago, seems best may be to hold juniors like little MAE (for as long as three to four years if needed) till time to depart as necessary; or do not buy em, stick with the mid caps for trades.
This not word for word, but more or less: Slider and Iso preach get the deals on the big caps and rotate some profits to the mid caps. Read back thread history if you wish. I just hope somebody pipes up when its time to jump in full tilt, I think over 325.00 POG is the pivot breakout point, but am uncertain.
Essentially, the sometimes ideal means to better profits is to trade in the big caps, then buy and hold juniors with the profits, does seem to be working for me; EXCEPT when I did not bail entirely for the 25% take (which a few crafted in a masterly fashion), which was possible at the bubble high of the XAU/HUI of two/three weeks ago (I.E., not out of my gallons of milk, but missed that good cream I could have had).
A few preach to buy the PM funds and hold till sold. If you can't watch your trades, that is the ticket. Wish someone would tell me that Rydex rotates to juniors as may be the case, I do not know. Guess I should call them. Wonder how high gold gets before the funds will buy in full tilt?
Of course, I see you read those threads and have actually decided what you like. I seem to have done the same with some juniors. Some analyst said it is time to rotate to the juniors now. It was posted on the GPM thread, I believe.
I may be wrong, but I belive a few threadsters here are waiting to sell to the funds, over and over, for a few years if possible. Perhaps Slider, Iso, and Roebear would care to pound the table on that premise/theory. It would be hard to trade the traders, if you do not hold the big caps or mid-caps.
Best Wishes;
Rails |
