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Gold/Mining/Energy : Precious and Base Metal Investing

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To: ogi who wrote (33532)	12/22/2004 2:57:57 PM
From: seventh_son	Read Replies (2) of 39344

Certainly a lot of stocks turn into quagmires, through no fault of their own. We perhaps have a difference of philosophy on how to deal with this dilemma. I think that Gabriel a year ago was way overvalued based on the latent risk, and very wise for you to sell out of. On the other hand, Gabriel at a fraction of that price, when what was not totally unexpected happened, looked like it provided a good entry point to the stock, or at least it provided more upside potential for the risk level. When investors start saying "this is getting too scary, I'm out at any price the market will pay me" it may be a recipe for someone else to maybe pick up something with a better potential return based on risk, although it is a tricky gamble. Yes, keeping your money in a stock bogged down by dispute is dangerous, but I think that one has to take into account the possibility that almost any junior could be unexpectedly broad-sided by some sort of politics or predatory court actions. Some stocks seem acutely alerted to the risks as reflected in their prices, while others do not.

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