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 : Precious metal company Warrants -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (524)	4/27/2006 2:14:16 PM
From: Nevada9999	Read Replies (1) \| Respond to of 681

I bought some of my AEMLW WAY too early. I was bottom fishing them in late 2003 and in 2004, for $2.40-2.70. I didn't sell the late 2004 highs and rode them down, to the 2005 capitulation. The time premium decay was pretty obvious, but I couldn't pass them up at those prices and doubled up at $1.35 to $1.50 and then kaboom. That bull was hard to hang on to :) Last January I was sitting on about an 8 bagger on my entire portfolio from 2001 and was over 80% in mining stocks. It was too much money to continue to 'go for broke' with. I sold until I had 50% cash at the end of January. Like you I concentrated on dumping the big companies, plus what looked like dead wood juniors (including CGE, NW and NGX-wt, DOH!). I hung onto MNG, OZN, CKG.v, IMR, the big asset plays that I didn't want to be out of in case a major went in for a kill during a correction. My plan, similar to yours was to buy smaller positions in more leveraged stuff if gold broke out again. I bought AEM calls and CBJ when gold broke $570 in late March. I would be better off now if I were still going for broke, but feel better being more diversified and having some cash. The portfolio is still nowhere near prudent. Most recently I have been buying juniors with at least some resource and great exploration potential, hoping for a good news pipeline: ARU.v, DMM.v, GUY.to, SDR.v, RMKL.cnq, MMI.v. How are you buying all of the obscure warrants? Do you still have a Canadian account or have you found a good US broker for that or do you feel that full commissions are worth it? If there is no pink sheet symbol, I have to pay $55 + 4% of principal. BTW, I think NAT is ready for a new up leg, but, obviously it will get killed when the US goes into recession.