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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (45028)3/6/2006 8:59:40 PM
From: brit2  Read Replies (1) | Respond to of 313487
 
"...I took a loss in NW after La Juliana and I have not purchased back...". Claude, I too was in a paper loss position with NW, having bot it in the 50s (not a large position, 10,000 shares) after its recommendation in Ormetal.

However, when the bottom fell out, I did not sell, but accumulated in the .20 - 23 range - a sizable average down - as I did with CGE, and am now doing with TK. Too often investors and especially traders panic.

I regularly provide a colleague in our Geology dept. with the annual reports and NRs of juniors I have positions in, or am interested in, since my specialization is in Finance, and I'm a dummy in mining. To the credit of you CC, not only NW and CGE, but also TVC and CKG, have so far turned out to be solid investments, although on on each of NW, CGE, TVC, and now TK I've had to dramatically average down from my original purchase. I guess in that respect I'm a contrarian.

Cheers,

Brit



To: Claude Cormier who wrote (45028)3/7/2006 1:01:05 AM
From: chip  Read Replies (1) | Respond to of 313487
 
Claude, Could you explain your position about Ormetal ratings vs. personal holdings? I see Ormetal has NW as a hold, but you sold yours after the Juliana flop? TIA ...

>I am not pushing as I took a loss in NW after La Juliana and I have not purchased back<