lol
the only thing I know is that I don't know plenty!
this is a tough game. i felt so smart when i didn't own not during the big sell off, and then very stupid when I didn't own it on the run up. i had to sell some stuff earlier in august because i couldn't sleep, but wasn't brave enough to jump back in and buy the dips. i've nibbled a little gss here and its been a laggard, and i'm going to jump in and buy a little auy or even nem, but i am going to be ready to jump out because i think these markets are crazy and I don't like all the bad debt out there. if inflation is whats being signaled here, bwr, mmg, spm, mto are stocks i would like to own again, but when will i feel comfortable getting back in on those? still holding gg, paas, kgc, ckg. Glad I didn't get completely shaken out of pm's, but its hard to make any money from the sidelines. Warren Buffett said to buy good companies with good stories, don't buy because of the rate cut. Reading between the lines, my own take on it was buy stuff you like that you would be comfortable owning in case the market goes against you and your stocks get totally hammered with the rest of the market. That's why I can buy pm stocks like gg, kgc, gss etc, because if I'm not nimble like Dave, I should be able to wait it out for a rebound in case of a big take down in either gold or the market. bwdik.
Kath - still a dweller on the threshold |
