Gold and Silver Juniors, Mid-tiers and Producers Message Board

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

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To: marcos who wrote (21348)	9/18/2006 2:26:53 PM
From: koan	Read Replies (2) of 78403

Glad you reminded me Marocs. I have made a lot of money over the years buying stocks like SGM that pop way up on drill results and then settle down due to lack of follow up news and buying it during the first consolidation. .45 looks like a good entry point for SGM. In fact in 1987 after I was essentially wiped out from the previous bear market in mining shares and a collapse in our real estate market and a divorce-lol; I sold all my mining stocks which had been ravaged and bought one stock like SGM (can't recall it maybe Cusac?) during the profit taking at about .35. It jumped back up on a subsequent drill results to a dollar, giving me a quick triple. I then took all of my money and put it into Pegasus wts at .30 (I bought 43,000) and they went to $5.25. ABX wts were .55 ( I still remember as I didn't buy any) It was quite a gamble, but I was desparate and I was green enough to take it. Two stocks took me from about $5,000 to close to $250,000 in about 18 months.

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