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Gold/Mining/Energy : V.LTH
LTH 27.54+5.4%Nov 25 3:59 PM EST
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To: grusum who wrote (757)4/2/2008 7:33:56 PM
From: Veteran98  Read Replies (1) of 874
 
I'm not defending management as it does look like there are some issues with management but on the other hand I guess management of the other 1000 or so other juniors that have gone in the crapper aren't too crispy either. Personally I think a lot of these juniors are just a victim of circumstances as people are just plain panicking and throwing in the towel. I mean when guys running multi billion dollar companies can't get it right who can ??? I like koan own a basket of stocks some work out some don't. I took a lot of money off the table in the fall as it became increasingly evident that the US problems were very serious. I have invested for over thirty years and in my experience my greatest successes have always come when there is blood in the street. I for one am putting back money selectively into the junior market. Sometimes it's scary to step up to the plate as it's always hard to judge when the falling knife will stop but I'm picking up a big position from whoever it is that's taking a crap and dumping stock. Time will tell whether this bet plays out or not Lithic isn't the only company that has gone in the crapper and as I see other companies capitulating I will be picking up these as well. Right now is the wrong time to sell as nothing has really changed other than the market has gone in the toilet. I picked up 50k today at .26 and won't hesitate to pick up more in the future.
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