The gold is there, the questions are ones of risk
and reward. The easy money is on the run up to a buck
for this stock, the hard money was made by the folks
who had the guts to hold MINE after the report was late.
I did not have the courage/foolhardiness to stay in
and missed the run from 14 cents to the point where
I got in Friday (3/8ths).
I suspect that the delay allowed a few more folks to
get in, just as more risk-averse speculators like
myself were getting out. So, hopefully the run to
a buck is easy money, then as the mine ramps up
there are the real investors who ride it from a
buck to five bucks.
Now back to the topic of this thread:
When you get that portfolio up to the magic number,
whacha going to do with the money?
MINE is not going to make me rich, probably. I was only
able to get back in to the tune of 30,000 shares--but I do
think it has a reasonable chance of making me a quick
ten or twenty grand. If not, next idea, I move on.
I need to repeat this about five times a year for the next
ten years. At that point my winners and losers should
add up to fifty grand a year. When I've make 1/2M I will
quit my job and move on with an entirely different life,
which will include a lot more time backpacking and
skiing and gardening.
It helps to have incentive. I work a F*?@D-up rotating
shift that will eventually kill me, or at least take
a dozen years off of my life, so by God, I sure hope this
sucker takes off like a rocket. If not, like I said,
I've got plenty of ideas.
So far I've make my fifty grand this year, and am working
on next years goal--maybe I can shorten the time span to
reach my goal. Oh, I should add that the interest on half
a million after taxes is not really a lot, so that means
I will not be living too high on the hog. But I'm pretty
frugal--although I suppose I'll finally be on new skis
by the time my ship comes in!
Anyway, point to the story, I'd say you could load
up on MINE, but I think it is a prudent method to
just set a goal, and work it ten grand at a time.
The risk of an idea blowing up in your face is just
too high to throw it all into one idea. Peter Lynch
always said that--the object of the game is to not
lose right? I think that was him.
good luck all!
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