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Strategies & Market Trends : Ride the Tiger with CD

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To: Canuck Dave who wrote (60164)8/30/2006 3:22:42 PM
From: zoo york  Read Replies (2) of 313013
 
Hi CD!

You traders need to learn some patience! <g>

I am happy to buy a good stock if it drops on good news. To me that means I am just getting an even better deal, if I dont mind waiting. I was at the mine in Mexico just 4 months or so ago, at the time when they released the updated (now out of date) resource estimate. The stock sold off by the end of the week on that good news, to well below a buck. Now we are selling off on more good news during the summer silly season, but the stock is still much higher now that it was just a few months ago. And a few months from now, I will be sitting on some patio, letting you buy me a few beers, and toasting the amazing run to above $2. Who saw that coming? (I did...)

SPM has been a good little performer if you can hang in through the volatility, and I am betting that it will turn into a VERY GOOD performer soon.

cheers!

COACH247
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