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Gold/Mining/Energy : Corner Bay Silver (BAY.T) -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (233)10/20/1999 11:48:00 PM
From: ahhaha  Read Replies (1) | Respond to of 4409
 
I didn't say anything about takeover possibilities. Why would you be so inventive? It sounds as though you have a lot riding on this company. Probably too much. I don't mean financially, but I do mean in the avocation sense.

You sell information on PMs and so advertising is important. When someone comes along and says your product is garbage, the first thing the salesman does is knock the other guy's. I never stated any negatives toward BAY. I have stated repeatedly that BAY or any silver play is hostage to the POS.

I could care less whether I'm good at shooting fish in a barrel. I won't get many no matter how good I am. You have to go where the rising tide raises all boats, not where you carry water so a certain ship will sail. BAY may be an exceptional play as I have stated previously, but over the decades bull or bear it is in other stocks where just about everyone including me has made the dough. We have ridden on the rising tide of human synergistic effort. Silver must have the rising tide of bullion to realize a commensurate return.

It also makes no sense to be one dimensional about stocks or the bull market as an exclusively tech affair. You could go to just about any doggy group, for example, biotech, and that would provide far better returns in any risk class in comparison to PMs. To make the amateurish assertion that a roaring bear market hurts the best tech stocks such that being invested in tech is a bad idea, simply flies in the face of 200 years of stock market history. But the equivalent claim levied against PMs is completely valid. You can always and somewhat easily find great tech winners in the worst bear markets, but you can't do that in PM bears. You can't even do that in PM bulls. I played the metals in the '70s, but made far more shorting them at the beginning of the '80s. Now that's how you make money in PMs.