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


To: TobagoJack who wrote (20709)10/26/2002 11:47:49 AM
From: SOROS  Read Replies (1) | Respond to of 36161
 
Jay,

You are way too sophisticated for me. It looks like you know exactly what is going on. I only try to find the next long-term truth and steer in that direction -- even though I know there are many side roads that hold pots of gold, in my simpleness, I might get diverted down the wrong one and get lost and never make it back to the main road in one whole piece (this hold true for life as well).

I now hold about 30% cash with the other 70% broken up amongst Novagold, Seabridge, Goldcorp, Hecla, Tan Range, and a portion in a few others including one totally speculative gambler's chance (because I always have to have a gamble where I can own a hundred thousand shares of something based on ZERO DD and ONLY feeling) -- Copper Creek. Remember, I purposely do NO homework on this pick. Ever since my longshot pick involved a company where I DID speak to the owners, etc. and that went to pot, I now only pick by the name and feeling. I have two strikeouts so far, but I'm once again swinging hard with my eyes shut on Copper Creek. Probably another strike, but if I ever hit . . . .

Anyway, thanks for your thoughts. You sound very solid.

I remain,

SOROS

p.s. My gambler's pick is what keeps my nature so young and optimistic. I guess it is that upbeat and optimistic nature which draws people to me. (GG) ;)