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


To: hank2010 who wrote (38907)4/25/2007 3:40:16 PM
From: E. Charters  Respond to of 78411
 
You don't sell in May. You stay away in May. It's totally different. You simply don't buy. Why? I have no idea. If prices drift down, that is when you buy - buy - buy. If they are going up in the fall, that is exactly what you do. You don't buy when the stocks are screaming. You are supposed to have already bought. Ambulance chasing catches the ambulance alright but the people are already dead. Too late to hand out your litigator's cards. (Unless you want to do that at the funeral to the relatives)

Where I think this Stay away in May comes from is the brokers. They can't sell any stock. Can't make deals. Too many birds twittering in the trees. Their majority of their clientele no doubt dreaming of young love that used to be, are hopping aboard airlines en masse to go to romantic far away places, as romantic as their past was not and just about as far away ...

Of course I recognize that if prices are too fall, then the temptation is to sell, as they may not rise again.. this is a herd effect, and a paranoia that I cannot offer any solutions for..

EC<:-}



To: hank2010 who wrote (38907)4/25/2007 10:32:08 PM
From: koan  Respond to of 78411
 
I am doing the same-producers.



To: hank2010 who wrote (38907)4/26/2007 3:54:50 PM
From: marcos  Read Replies (2) | Respond to of 78411
 
lwc.v - got a fill on some today ... not having much luck with other bids, just a little too cheap i guess ... expected more of a whackdown

fni.to - started to wonder if it wanted to come back and fill the little gap ... wouldn't mind adding around there

It was sell-in-may sentiment around the threads that i meant, it just seemed that there wasn't enough of it, in proportion to bravado ... too many people start thinking the same way, and wham, the market turns the other ... at the same time, we are a small corner of the whole

Generally i prefer development plays to producers, no matter the season ... but many are both, like First Nickel, it's their development and exploration blue sky that gives them the greatest potential, while some production can give them cash flow and reduce dilution for funds, this is true ... with operating come other problems though, a bit less clean and simple