Hi Jims,
I am no longer bearish. IMO, either HUI breaks to new highs by the end of the week or the triangle continues it's development (also very bullish).
I would never say Murphy was right, because he was so wrong for so long. Even a stopped clock, etc. Moreover, he exhorted all to hold their shares at the peak of the September, 1999 spike... after which they fell 50-80%. Not sour grapes here, as I sold most, but I doubt that he will EVER give a sell signal.
OTOH, I have the highest respect for Jim Sinclair. I received the following in an email today...
"James E. Sinclair, Chairman and CEO of Tan Range Exploration, announces his intention to acquire shares in the Company on a private placement basis representing a minimum value of $1.5 million and a maximum value of $3 million over the next 24 months.
The shares will be purchased from time to time at the closing market price for that particular day without warrants or any other consideration."
Sinclair clearly puts his money where his mouth is.
Regards,
vt |
