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.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (40427)	3/19/2005 1:52:04 PM
From: chowder	Respond to of 206323

>>> I have been struggling with how to deal my current wonderful valuations. <<< You've had a great run! Good job. No need to struggle. Take more profits off the table. The market doesn't give profits, profits must be taken. You don't have to sell everything. Sell 1/4, a 1/3, sell something. The novice trader focuses on reward. The professional trader manages risk. Big Dog had it right. You can't lose taking "some" profits off the table. It's a win-win situation. You don't lose what's locked in and if the sector keeps going up, you participate in that too. If the sector pulls back, you don't get hit as hard. To be successful, we must act successful. Successful traders lock in profits as prices are rising. dabum

To: Bearcatbob who wrote (40427)	3/19/2005 1:59:47 PM
From: Bread Upon The Water	Read Replies (1) \| Respond to of 206323

BearcatBob/All: I am seeking information about Transmerdian Exploration (OTCBB: TMXN.OB [to start trading on the AMEX on 3/21 under the symbol TMY]) a Houston based O&E company that has a deal with someone to develop a potentially huge field in Central Kazakhstan. If anyone owns it or follows it I would appreciate any info. Thanks in Advance. Bill

To: Bearcatbob who wrote (40427)	3/19/2005 2:02:23 PM
From: kodiak_bull	Respond to of 206323

Bob: As per " current wonderful valuations," let me just say this about that. I never think about valuations; to me a good stock is one that is going up. I learned and relearned this lesson many times (there are so many distractions in the market place). Let me give you a good example of how valuations can hurt you, very badly, in the intermediate term. If you had bought RIG in March of 01 at $48 a share, that might have, given the direction of the price of oil then, and RIG's apparent haircut off its Oct '00 high of almost $65 looked like an excellent buy, an excellent value. Over the next two years (even for the ever patient long term holders) RIG would have lost almost 60% of its Price (not "value" as "value" was always good, good at $48, better at $20). The problem is, in five years that well-reasoned value play would have netted you exactly $1.41 in profits as of Friday. 28 cents a year in gain on an investment of $48, about 6/10 of 1%. Valuations are a mystery to me, give me stocks that are going to go up. Well, it's hard to come to a conclusion about those, so I must settle for second best: give me stocks that are going up now and I'll protect myself from the downside with stops or other structures in case their current momentum stops. No matter what story I believe or the analysts tell me about their value. Kb