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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: The Vet who wrote (9060)	6/30/2002 9:40:30 PM
From: d:oug	Read Replies (1) \| Respond to of 16631

"... low cost, long expiry (or no expiry) calls on the gold price." . Vet, . I'll bet that if you identified those of the hundred of mining shares that have done multiples x2 to x10 that i referenced in that post, in regards to this past 52 week time period using the current gold price raising from the the $250 - $270 it was caught inside for 20 years and now have the over $300 with troubled times, that 52 weeks ago if you examined all those hundred of companies that you might have been hard pressed to find 3 to fit your ideas of... ..."If you pick stocks with known reserves and/or proven resources, good management, well funded and/or cash reserves that can let them wait out period of low gold prices you can't go wrong if gold rises." as they all seemed to do your "However be careful of management who dilute the existing shareholders on any excuse. Some companies issue shares all the time to keep the management in Mercedes and French wine.. Some don't..." but most all did it to generate paychecks for themselves, which seems to be ok if they worked atleast 2 hours a week :o) But your "Treat them like calls and not stocks. Some will go broke and vanish, but out of the money calls expire for zero return too." as already acknowledged by me, i'am clueless on these things as i'am not a trader. But then there are places i can go that traders do not, for example, not sure about the Canadian counterpart and not needed to know, but in the United States there are public companies under status "None Reporting" sandwhich automaticcally denies them from this thread :o) but i have a few and like the current corruption on Wall Street imagine a non reporting penny mining company that, say for example, in "business" 20 years and never made over $100 in profit any year yet, 20 years in business as a company paying paychecks etc and even awarding bonuses or "pay-outs" in cash or shares to work done using company resources and treated as if it was the private property of employees not shareholders. Wellllllllllll, don't need to be a trader, but one who trades in truth & justice :o) Now you may ask the nature of such, but its too easy to explain, as all one has to do is allow the criminal enough rope and once the criminal ropes in his catch them golly there it is all the "evidence" needed is delivered on a silver plate or on the sand of an Arizona desert dirt. doug