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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: loantech who wrote (17359)8/1/2006 9:54:29 PM
From: LoneClone  Read Replies (1) of 78410
 
Tom, that's what guys like us look for, those 3-baggers plus. I've managed to have about a dozen in the past 18 months, and that's where I have made most of my profits, some realized, some as yet unrealized. A number of them dropped 50% as I was holding and adding, FWIW.

The traders are happy to get 5-10%, maybe a bit more here and there, more power to them, but it only takes a few 5- or 6- baggers to make a big difference in one's PF. And of course to get those multi-baggers you need to stay invested and have patience to hold, sometimes for years.

Mind you, it requires mental fortitude to follow this plan in a volatile market, watching the total value of your PF yo-yo up and down. That's why I am trying to learn from the masters on SI and do a few more short term momo trades as well.

Bottom line -- all investing styles have their strengths and weaknesses. Find the styles, or a mixture of styles, that not only makes money but suit your personality and the amount of time you can devote to it.

Sorry for the lecture -- got on a roll!

LC
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