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Gold/Mining/Energy : Precious and Base Metal Investing

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To: jrhana who wrote (10661)5/8/2003 5:42:10 PM
From: jimsioi   of 39344
 
jrhana, on liquidity, value and time.

Liquidity is important to me, as is price visibility. Perhaps my favorites would be different if I was trading through a Canadian broker for all these explorers and juniors. Through the alternative available to me (The Pink Sheets) I have to make an educated guess where the bids and asks are, even what the last is....Additionally, when I get over 20 issues to track I seem to do less well. PMs are only one sector in which I have interest and which consumes DD and T/A evaluation time.

I plan on keeping about three or four of the "juniors" and IVN for the long term, but those that are not moving I'm not waiting for...That's my style right and wrong....Sure one morning one of the issues I sell or have passed on will be mentioned here as discovering the mother load somewhere I wouldn't want to go.....and the stock will be up dollars having traded for cents.....in our dreams (nightmares), at least...

As to value....I think IVANOHOE and RANGY fit that bill, my number one and two largest PM holdings. I plan on concentrating holdings in the strongest, the ones that are moving and where I can discern the most value rather than increasing diversification, cutting down on commission costs and slippage..
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