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Gold/Mining/Energy : Uranium Stocks
URNM 55.97+2.2%Dec 2 4:00 PM EST
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To: TheSlowLane who wrote (3664)11/1/2006 9:11:14 AM
From: Tommaso  Read Replies (1) of 30193
 
It kind of bothers me to have Dines and Casey as our uranium gurus. They both have been spectacularly right in the past, but both of them have overstayed or overestimated their markets and both have underestimated the power of markets to adjust and correct.

I have owned books by both of them for years. Here's Casey in 1979-1980: "In conclusion, common stocks are not now the place to invest long-term money." ("Crisis Investing," 2nd ed. p 113)

Surely that is one of the very worst calls I have ever read. Happily at that time I was reading and heeding Burton Malkiel and not heeding Casey. Unhappily, I did heed Casey about 1987 and it cost me a great deal of money.

So I am uneasy at being on the same side as these guys, who, like some "experts" on SI, are better at using a trend to draw attention to themselves than they are at actually perceiving what is going on.
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