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

To: jackjc who wrote (16907)	7/25/2006 2:59:45 PM
From: marcos	Read Replies (1) \| Respond to of 78421

Hi jack, if [a rather dim] memory serves, koan picked up a few mmgg just back a few days at the gap-fill ... can't recall him mentioning it before that ... but he's a momo player, no question, lol ... which is fine, when it works Trouble i always had with momo in the juniors, is that you never know how long it'll last ... and, when you're wrong you can be way wrong ... always had more luck bottom-fishing based on fundamentals and then exercising a little patience, this leads yes to a situation where for possibly some considerable time the @#$%ing thing doesn't move, but hey, it's not moving south much either Mexican election - [i've been strapped to a toilet for days, had some weird stomach thing, but got read up on things political at the same time, it seemed fitting, lol] - the whole thing won't be decided until the tribunal's deadline 31 august, and possibly not declared until 06 september ... Amlo is calling for a recount, there are arguments for and against it, the biggest one against is the fact that it would break the law [fraud is easier and more likely in a recount than in the original election, was the reason for the legislation] ... he is stirring up his people and filing an 800-page case with the tribunal, none of this will result in his being presidente imho, it's only making him look more like a Chávez than the Lula image he was working hard to promote ... and it is doing damage to democracy in the country, losers have to give it up gracefully and peacefully when they get out-voted, or you will always have trouble ... the euro observers have been pretty clear that the election was valid As to what effect this will have on our juniors, probably not much at all imho ... keep in mind though that Calderón too will want to see mexicanos in general and locals in particular benefit from developments, to a significant extent ... this is pretty well recognised by any junior to whom i have posed leading questions on it, so as long as they act on their word and treat people well i don't expect to worry about it ... taxes and royalties may well increase in some or all cases, but they will not imho be confiscatory

To: jackjc who wrote (16907)	7/25/2006 3:16:27 PM
From: koan	Read Replies (2) \| Respond to of 78421

I know I made a terrible play, but hindsight is 20/20, and one cannot win them all. I do not worry about spilled milk. That was one of the worst trades I have ever made. I sold at $3.73, so if I had held I would be another dollar down now. In fact I might buy MMGG here-grin. I am a terrible trader anyway. My achilles heal. But the sale allowed me to get positioned in other stocks which are doing well. In the long run I did better taking my losses and changing. Selling at $3.73 is better than selling at $2.73. I do not like to hold losers either or throw good money after bad--not to say MMGG is bad, but it would not have helped me to hold, it looks like from here. I would have probably sold today to buy some nickel stocks anyway if I still had it. In poker I usually make my decision at the flop if I am going to go forward. I am happy I sold at $3.73 and got repositioned in stocks I like better. At this moment it looks like I cut my loses. I had completely forgotten it until you brought it up. One cannot win every trade in mining stocks, just as one cannot win every hand in poker. I take my losses and move on. I do not worry about bad trades or bad beats. As long as I am winning in the long run that is all that counts. We all do the best we can and that is all we can do. cheers,