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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: crustyoldprospector who wrote (8472)	3/9/2003 8:24:22 AM
From: russwinter	Respond to of 39344

Sage advice to definitely consider your risk tolerance, and staying power. My mottos of course, "No guts, no glory" and "Born to be Wild". I think the point I'm trying to make is that many "lurkers" might not have much pre-BOB exposure to GOD at all, and I think that's a mistake. Still even in my case I do maintain a little powder in case there is a further fallout, even in GOD stocks.

To: crustyoldprospector who wrote (8472)	3/9/2003 8:50:05 AM
From: russwinter	Read Replies (1) \| Respond to of 39344

<Once the next mini-bounce in the general market ends, there is a good chance we will see a downdraft.> Downdraft in what? I don't really care about the general market and I also assume you see the distinctions I've made. I'm not playing for a generalized market bounce. I'm playing a specific sector(s) bounce, a new leadership: (G) gold and PM. (O) oil, gas ,energy (D) defense and security. This is hedged 5% with shorts (financials, consumer lenders). The small biotech play of 5% is there because I see some great names selling near net net prices that have been thrown out with the bathwater. These will not be driven by economic conditions either, they will end up being good "bad economy" holdings. The 10% special situations are the pure long value plays, just in case the BOB outcome is a little more benign. They may work (buyouts) anyway. It's time for a little bottoms up work on this kind of stock. The COBR name I'm using has a hot new GPS product on the way that will blow off the shelves, and the stock is totally neglected. I think mgt just pays a 50% premium and takes them private, if the stock market doesn't recognize it. Additionally you can see the short sellers getting more than a bit over aggressive in these names (especially biotech, INVN, ATVI), that's fuel for a rally in them. Message 18631890 ELN's response to this manipulation and the reason I'm a fan of their mgt: biz.yahoo.com Incidentally, I noted two more stocks I failed to mention. TNT, the Russian producer; 0.5% @ 15.16 SH, and OMX: 0.5% @ 4.51 B (4.70).