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

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To: Mr. Aloha who wrote (23452)10/25/2006 3:15:59 PM
From: koan  Read Replies (2) of 78417
 
Mr Aloha you ask?

"What's keeping you from jumping on the MMGG train? IMO, it's the biggest no-brainer preproduction zinc play there is, as the largest late-stage project you can buy outside of Iran and Bolivia, and it's dirt cheap. Plus it has high-grade silver."

A couple of things keep me from jumping on the MMGG train, since you ask:

First, why is it dirt cheap??

1) it ia not listed on a major market.

2) it does not act well

3) BWR wts rose as much as MMGG today and the wts closed at only .62 yesterday and MMGG was $2. Look at the percentage difference in gain. 3.5 to 1!

4) When BWR wts get to MMGG then I will move some across.

5) this base metals market is so dynamic right now I do not want to sit on dead money for any fundamental reason.
e.g. look at what some of us just made in U.wt.a we bought under a dollar just a cou0le of weeks ago and it hit $3.25 yesterday.

6) there will be plenty of time to move nto MMGG when it starts to make a break out. But if I put my money in MMGG now I cannot engage this dynamic market.

6a)RDV is only .33 MMGG over $2, you can buy 7 shares for every 1 MMGG. I bought at about .25. It is a lot easier for RDV to get to .50 then MMGG to get to $4.

I believe wts, breakouts and momo all have to be in ones bag of tricks. I move money from one dead stock to a moving stock almost everyday and as such my portfolio grows.

This market is no time for spending maybe a year waiting for a fundamental play to play out. I am going to grab evry move I can.

Things are busting out everywhere. I watch about 100 stocks and I look and look and look everyday to see if I can figure out what will be the hot stock tomorrow not next year.

Just my style Mr Aloha. I play poker the same way-lol.
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