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

To: loantech who wrote (17562)	8/4/2006 12:36:13 PM
From: RealMuLan	Read Replies (1) \| Respond to of 78410

>>but if I had cash I would add a bunch.<< True. The problem with these depressed juniors is they go down with the broad market, but without news, they do NOT go up with the broad market. That is why I think many of them have to go down more because this market is pretty shaky. They need patience, and only a buy when they are bottomed, and wait at least a year for some decent return. All these take a lot of discipline and financial resources (since these invested money are NOT marginable, they are dead money for a long time). I bought a bunch of junior miners in May 2005, but sold at 20% or so gain soon after, and stopped playing them. I do not regret sold GSS, since its current price is not much dif. from one year ago. But I really kick myself for three of them, BGO (I bought around $2, and now it stays at $5 or so), CLG (I traded around $1 merely one year ago, then it goes and stays bet. $4-5), and MRB (I traded around $1.2, now stays at $3 or so). For those who bought MMGG at $1 or so it is very good, but at current price, it is hard to say. since it is already 3 baggers in a short time. It may go to $5-6, but whether it can stay there is another issue. for a junior, it takes some firm institutional support to stay there after a big gain. Junior miners are named as such for some reason. Some of them will become 10 baggers over 5-10 years, but some of them may go under. for most, 3-5 times bagger are the top. MMGG has a lot of zic and silver under the ground, but it takes tremendous amount of money to dig them out, and make them into industrial grade. Just my humble opinion, don't want to curb your enthusiasm<g>