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Strategies & Market Trends : Talk to Lola:) -- Ignore unavailable to you. Want to Upgrade?


To: Lola who wrote (1298)10/11/1999 11:18:00 PM
From: koan  Read Replies (1) | Respond to of 2010
 
I think the mkt is still digesting the move up; and there should still be a correction - unless this is an olympic move without precedent like 1980. I think for right now the whole ball game is the metals - all eyes should be on the metals because we have just made some sort of historic key reversal and are coming off of unprecedented lows. We are still in a wedge - think about it if you are in Hong Kong: gold just made a $70 reversal what pro is going to buy after such a move without a correction - but and this is a big but, there are still a lot of uncovered shorts and no one wants to miss a big move, so everyone is doing nothing- all just watching each other - I expect it to break down, but if it breaks up then forget oil and anything else and be prepared to position yourself with the best valued quality stocks you can find.



To: Lola who wrote (1298)10/11/1999 11:43:00 PM
From: koan  Respond to of 2010
 
On the stocks: there are so many undervalued quality stocks where do you begin: 5 criteria: 1) a good deposit in place 2) good exploration potential, 3) enough money to be able to survive without a roll back and not too much stock out, 4) good management - and last 5)value, not necessarily in that order. So here are a few that fit; and a few that don't but, are good stocks: Lets start with Corner Bay (it is so highly discussed PHNPI) - a great stock, but pretty fully valued (why pay nearly full value when there are so many stocks that are greatly undervalued)- you will make more money with PAA wts (my favorite money play) or PVO if silver moves. PVO, Atna, Redfern, Canarc, Birim and Avino all should have better percentage moves - they all have great deposits, tremendous exploration potential, seem to be all right moneywise and good management - to the best of my knowledge. PS I don't know any of these people personally and none of the inside stuff! Always do your own due diligence. Just some thoughts from private koanhead.