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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 (30188)	1/18/2007 5:49:04 PM
From: marcos	Read Replies (1) \| Respond to of 78419

wdo.to - been looking at Wesdome, started out in relation to trr.v who are drilling in between their properties, but i like them on their own merits, just been distracted by other plays ... damn it would be nice to win the lottery just about now, there are at least two dozen tickers that really appeal ... wdo won't last at this level, and i have none All those are quality plays imho, even spm.to which i have a bit of in the mexican Zn/Ag basket [didn't know it was a Claude pick, how about that, i don't subscribe even though i preach ormetal.com to anybody green who asks me about stocks offline] ... and i agree mmg and ggc.v lead them, personally i would insert ktn.v as number two, but for sure they're all great picks - however, it's too scarey to weight anything much over fifteen per cent of pf, imho ... at the moment i have mmg at a little over twenty per cent, well that's different, don't do as i do, do as i say -g- ... but also i have maybe twenty per cent of net worth in the market, total, like to keep it all at hobby level so it's more fun and less worrying, that's not the case with a lot of you guys Recommended your post on account of the emphasis on giving them time ... jack said it best and briefly upthread, 'takes 2-3 yrs to get best multi-baggers gains', something like that ... it's true eh ... most of us trade too much, the little buy/sell buttons suck us into playing with them ckg.v - speaking of Claude, and patience, which sort of go together, i betcha he's going to be proven right one of these days - we're going to wake up one morning and wish we'd listened better ... i hold no Chesapeake, it's not even on my shortlist, maybe should fix that

To: loantech who wrote (30188)	1/18/2007 7:17:08 PM
From: Mr. Aloha	Read Replies (1) \| Respond to of 78419

<< Had I held to this day my original position in MMG and GGC and not gotten fancy by trading or looking at other stocks I would be up MUCH MUCH more $$$ than now. I am holding the ones I think are good. I have to quit churning. When I trade I never give things enough time to work. Each time I sell 5-10K of MMG and then buy back 5-10 K of MMG my timing sucks. Same as on the others. >> That's why I rarely trade any more and instead just hold the good ones for the long term and accumulate more on dips. That's what Puplava recommends when investing in juniors. It's very hard with the volatility, but patience gets rewarded. Big drops during corrections no longer bother me. Puplava gave the example of ARU, which is by far his largest position, dwarfing all others. It went up by 8000% from March last year to November, but he didn't sell out on the way up. He just held on, even as it surpassed others in his portfolio by a huge amount. He held on through the drop in 2004, 2005, and early 2006, and now his patience has been rewarded. I doubt many here would have had the patience to hold that big of an ARU position through all that, but that's how you make the big bucks in the juniors. I've taken more of this Puplava approach whereas I used to trade very actively. It's worked wonders for my portfolio, stress level, commission costs, and tax bill. With long-term gains for us Americans taxed at 15% vs. 35% for short-term gains, it makes a lot of sense to stay focused on the long term and defer paying Uncle Sam as long as possible. I heard a study once showed that nearly all the richest people in the world got there by NOT diversifying -- they focused on great opportunities and made the most of them. Once you achieve your goals and want to protect the downside, you need to focus more on diversification, but if you have lofty goals, the best way to get there is by not being too diversified and to hang on to the best opportunities for the long term. Diversification gets oversold by the mutual fund industry and keeps a lot of people from achieving outsized gains. It protects you from losing too much on the downside, but it also prevents you from gaining too much on the upside.