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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: geoffb_si who wrote (926)	5/4/2001 11:29:21 AM
From: russwinter	Read Replies (1) \| Respond to of 4051

<waiting for very undervalued situations to develop or present themselves.> There already are very undervalued situations presenting themselves, and investors interested in this sector are mistaken if they believe this is going to persist. I say step up and take some cuts, and feel strongly we are going to hear a lot of "shoulda, woulda, couldas" here after the fact. I'm not so sure someone starting now will continue to have the luxury of waiting. A stock like MFL and FGX may just suspend trading and open up 400% after a takeover, so you just have to be in those. And POG? Who knows when one of these little rallies is the real one? They don't ring a bell do they? I see a name like SWG as a ground floor play that could go to 50 over a decade (or a lot sooner), so I haven't a clue where you buy it, but my cost of $3 seems close enough. To those who held out for $2.80, congrats you may more astute (or luckier) than me. I prefer not to get that cute as the stocks are thin and trade funny. No, I'd get a good core position established right now. And be prepared to lose money on some names too. Then have a reserve on hand for exploiting stocks trading in a vacuum that get ignored (sometimes for awhile) after excellent developments.

To: geoffb_si who wrote (926)	5/4/2001 2:29:42 PM
From: marcos	Read Replies (3) \| Respond to of 4051

CRJ.to - i've been wondering if the Nesbitt player[s] bailing on that one might be the same as those who were shovelling xcl.to out the door up till a week ago yesterday ... since 05 april Nesbitt has sold net 885k, they're the only big seller ... buying is by several houses, Greenline leading Claude is a bit of an impure gold play maybe, with its oilpatch side which they plan to develop more this year, but it's still a gold, and good at the business - they make money mining gold, imagine ... no debt, cash in the kitty [8mCdn?], blue sky on Madsen, revenue from both gold and oil .... well i like it, and tend to suspect that the Nesbitt dumper is motivated by reasons other than company prospects. That whole thing of trading versus holding - you take your chances either way ... the swing traders have been right for years now, and many of us have learned to do that more and more ... it's worked just fine ... but there is coming a new war sooner or later, every day passing puts us a day closer, and the techniques that got us through the current one won't work ... the day deBeers made the first offer for Winspear, i had just finished dumping the last of my house-money paper ... expected to get it back cheaper, later .... lol