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

To: SwampDogg who wrote (31079)	1/27/2007 6:35:11 PM
From: LoneClone	Read Replies (2) \| Respond to of 78410

Swamp Because I almost exclusively invest in high risk stocks looking for multi-baggers, I identify an area like small Mexican silver/zinc producers" or "juniors looking to open up new oil and gas fields in scary exotic locations" and then accumulate a basket of stocks in each to maximize my chance of getting a good return from each basket. Since I am looking for large returns I am prepared to hold a position for years if necessary. If it wasn't a bull market, or if through too much education and nerdiness I hadn't developed a capacity to process and track large amounts of information and data, or if I was a trader like CD or RR content with getting 105 returns on shorter, I would definitely keep it down to a dozen or so stocks at a time. In spite of this I am always looking to cut down on the number od stocks I own, but so far it hasn't happened. LC

To: SwampDogg who wrote (31079)	1/27/2007 9:37:47 PM
From: que seria	Read Replies (1) \| Respond to of 78410

Agreed, SwamppDog, a smaller basket of stocks is usually better so the investor doesn't dilute the (expected positive) impact of his best ideas. But Buffett doesn't gamble by buying companies that offer strong hope of success, as junior minerals explorers do (at best), so I don't think he's a model here. Buffett typically buys companies that have proven themselves at moving product and making profits. That isn't an option, almost by definition, when buying junior minerals explorers. As I recall, you don't gamble on explorers. For those of us who are gambling by buying junior minerals explorers, diversification is important. We gamblers get the benefit (or not!) of our stock picking, and the added effect on stock prices of a market that often seems to reward prospective as well as actual success by our juniors. If the market changes, so will I. No LTBH for me in a declining market.

To: SwampDogg who wrote (31079)	1/29/2007 1:43:00 AM
From: marcos	Respond to of 78410

Ah, so that makes two ways Buffet is different from me ... yes, i hear you, and agree to an extent, however with juniors you want to spread it somewhat, you take it to ten and i take it to forty, well there's no accounting for taste ... btw, my top ten probably comprises around ninety per cent of pf, so we're not that far apart You just never know which puppy is going the furthest the fastest, you can make educated guesses, and be right enough times to make money, but still when the home run comes along it turns out nobody had it [example, aru.v] ... or if they had had it, they don't at the moment [example for me, swg.to] ... so i try to play some variation of the sell half on a double game, prefer to sell two thirds on a triple actually, but you take what you can get ... often end up selling those house-money shares later, for whatever reason, and still later regretting it [example for me, iuc.to] ... but sometimes i just hang on, succeed in forgetting them, fairly confident that one day they'll make it big and in the meantime the share doesn't owe me anything [example, dnt.to] So what are your top few picks, SD? ... still follow mae.to? ... i lost touch, but see their chart improving the last while