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To: MythMan who wrote (3639)7/13/2000 3:26:14 PM
From: pater tenebrarum  Respond to of 436258
 
lol...i think one has to take the longer term perspectives into account. it is easier to adopt a longer term view than to time events on a day to day basis.

i know the credit and asset bubble will get hit - i don't know when exactly. i know it won't be in ten years time - the current data suggest it will happen earlier than that. i know gold mining stocks are cheaper than ever, in terms of evaluation of their reserves and potential. i don't know when they will run exactly. could begin tomorrow, or maybe it'll begin only next year. but that is not of concern to me - the only important thing is to know that once the run comes, there will be numerous ten-baggers.

once the NAZ falls back to the vincinity of fair value, and no-one's interested anymore, i'll buy with both hands. it will require patience, and i will probably buy way too early...hey, Merrill and MWD sold in '28...people declared them to be numbnuts...it was a new era, right?

they bought in early '32...and again people said they were crazy....because they bought 6 months early.

that's really all one needs to know...



To: MythMan who wrote (3639)7/13/2000 3:28:36 PM
From: re3  Read Replies (1) | Respond to of 436258
 
<<<This thread tosses towels in the 1st 15 minutes of trading -g-

well, i actually kept a long today that i bought at market on the opening till 3 pm today

(i was going for the record <G>)