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Gold/Mining/Energy : Uranium Stocks -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (8727)	3/3/2007 10:35:00 PM
From: energy_investor	Respond to of 30215

Dabum, I wrote a longish, detailed reply, edited it and thought I had posted it but must have pressed the wrong buttons and it is now lost in cyberspace. I don't have the energy to retype it so just let me say that I think what you are doing makes a lot of sense and I applaud you for sharing your thoughts. I also happen to think that many of the traders on the board will find your insights to be of tremendous value. Alas, I am not a trader by nature but neither are my assets currently structured to allow me to become one. Where you have only 10 positions (which makes sense given that you have to stay on top of them all the time) I have several portfolios as well as a brokerage IRA. My Uranium portfolio has over 30 stocks alone. Each of the others has a multitude of investments. Trading isn't really an option. While I am certainly no Warren Buffet, I fully expect that he wasn't trading his portfolios over the last several days for the same reasons as lesser investors like me. As we agree, each person should use the approach with which they are comfortable. If there were only one successful approach, then I am sure we would all be using it and no other. There is more than one way to skin this Uranium cat. Good luck to you, and may you prosper! Cheers Energy_Investor

To: chowder who wrote (8727)	3/3/2007 11:48:06 PM
From: Salt'n'Peppa	Respond to of 30215

Outstanding post! Should be mandatory investing 101 homework for every single SI member. Regards, S&P

To: chowder who wrote (8727)	3/4/2007 1:04:52 AM
From: Cheeky Kid	Read Replies (1) \| Respond to of 30215

Dines recommends to buy and hold through the ups and downs. I like that approach. It is easier said then done to time trades, get in and out at the right times. When I bot LAM in the .90 cent range, I just held it, through the ups and downs, and was seriously thinking of selling it at 14.00 dollars and putting the cash into lower priced stocks. I still may do that if the vote down under doesn’t look like they will lift then ban on mining. But back to LAM, if the fundamentals have not changed in the stock, and we are still in an uptrend, why take profits too early? No one will know where the top is until it's too late. And you don't hear from people who messed up a trade, you just hear the winners who traded on time and made money. No one wants to talk about their losers. Not everyone can trade successfully and consistently, if they could we would all be making piles of money and would quit our day jobs. Read all the books you want, take all the courses you want, the fact is a small percentage of people make money trading.