Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: t4texas who wrote (4028)	11/15/2001 11:35:16 PM
From: isopatch	Read Replies (2) \| Respond to of 36161

t4texas. This afternoon was my 1st NEM common reentry decision since bailing on the Mar 20 calls last week for a small profit. However, this time decided to take the back door approach.<g> Instead of buying calls, wrote the puts. If the stock is put to me in March would be a moderate size position for my account. So, there'll be room to add on further weakness. . Largest gold position - by far - continues to be NEM CV PR. And it's showing signs of being one of the best defensive plays in a year when knowing how to play defense really matters. Realize that a lot of eyes glazed over here when I started holding forth a month or more ago about the importance of dividends in this new market era that began 9/11. But look at this comparison chart of NEM CV PR vs what our other board favorites KGC, GG, AEM and GLG have done since 9/11. As you can see, as the weeks went buy. and the early ST pops in the others have faded and rolled over into a nasty decline, NEM CV PR has shown greater and greater staying power and relative strength. IMO this is tangible proof that dividends matter very much in this market environment: bigcharts.marketwatch.com And within the past week It's the only one of the group that's not tanked. And today received the 1st of what I'm hoping will be a long line of fat quarterly dividends. Many good ideas don't pay off right away. Six weeks after purchase, this preferred is really beginning to demonstrate it's importance in both preserving capital and providing a reasonable return while we wait for this frustratingly slow uptrend in gold to reassert itself, so we can reestablish a heavier weighting in the pure capital gains vehicles in the sector once again. Isopatch