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: loantech who wrote (38561)	4/19/2007 7:11:46 PM
From: TrueScouse	Read Replies (1) of 78408

Tom: Sorry to invoke your painful TK memories! I must admit that I was very lucky with some of the "naked drill" plays that tanked a year or two ago (NW, CGE, etc.). I got deer-in-the-headlights syndrome and just watched as they tanked, sat on them, and then miraculously they recovered and let me out close to my entry price. I think this was because none of them were more than 2% of my PF so the overall drawdown in the PF was small enough for me to just hide under the bed till it went away! The paper losses were a valuable lesson to me. If it's basically a good company run by good people, and you don't have too big a stake, just grit your teeth and don't sell as it tanks -- if anything buy some more (which is what I tend to do). It's a different thing if the PMs tank though! Averaging down is fine in a bull market and the kiss of death when the bear's in control. The big problem of course is knowing which it is -- and, of course, none of us really know. :^( Apologies once again! Best regards, Howy

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