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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: loantech who wrote (19335)10/3/2004 11:22:25 AM
From: Rarebird  Read Replies (2) | Respond to of 110194
 
<am 100% in gold mining or exploration stocks>

I could never do that again, Tom. It is too risky. I did it once and went to bed one night thinking I lost everything. That was in October 2000. I was buying steadily for 22 months prior. Prices kept on declining and I kept on buying. I held on and made out real well. But it wasn't worth it in a way: The pain, the suffering, the agony, was tremendous. It was blood money I won.

It was real good, real real good, Tom. But not good enough.

I never forgot the pain in spite of the big gain.

Only trade the Bear if you are wise or go to cash.

Buy and Hold is a lie