SI
SI
discoversearch

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 : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: koan who wrote (9525)4/21/2006 11:45:58 PM
From: koan  Read Replies (1) | Respond to of 78418
 
Elaboration on why I own so many different stocks made in response to someone who thought I held too many companies:

All of these companies are drilling. A few will hit something really big or make a huge leap for some other reason. By and large though they will all rise with the market. I once looked at hundreds of charts from 1987 and it was amazing how many all looked the same following the market. Go look at the charts today.

But it is the ones that go to $10/20/30/40/50/60 a share from a big drill hole like the snip drill hole that took Manhatten, I believe, from a few pennies to over $100 a share. I have no way of knowing which ones will get lucky. The more lottery tickets the more chances to hit big!

ECU sort of just did this and I made a bundle. And I may make much more.

Just my strategy. To each his own, but I will say in the last 6 months I am up more than most would believe although I have several friends that can verify it. I owned slw b wts at $1.67, BWR wts at .18, ECU at .35 to .60, ABI at .60, EXN at pennies, etc,etyc, so I am happy.

I went through the entire 1987 market cycle and I believe very soon millions of new investors will discover Canadian mining shares. The types of juniors I listed in 1987 and using 2006 dollars should all go to between $5 and $10 as they sit. The big drill holes and big stock moves will be iceing on the cake.

Over 90% of the new investors will know nothing of these markets and they like "juniors" because they are cheap, so one gets a premium. I am simply collecting the ones I know about and with the diversity I expect to lose a few, but a few will also go to the stratospher, so it more than works out.

But to each his own. I was just trying to guide a few people as I know for cetain most people are really new at this.

HBM and HBM wts is a very very good stock in my opinion but way too conservative for the likes of me-lol.

Cheers,

Chuck