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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Metacomet who wrote (91995)	9/18/2007 8:06:31 PM
From: Canuck Dave	Read Replies (2) \| Respond to of 313127

Sometimes on the markets something may be too good to believe and yet still be true. Trick is to ask all the nasty questions and see if there's an answer for each one. Gordon Brown selling all that British gold in 2001 comes to mind. "I say old chap, have you thought about what will happen when the selling at $250 US stops?" And trading is different from value investing. I rode the tape on Internet crap even though I knew a lot of it was junk. CD

To: Metacomet who wrote (91995)	9/18/2007 9:58:02 PM
From: koan	Read Replies (1) \| Respond to of 313127

Metacomet, it is pretty hard to "invest only" in these mining stocks. They are too dynamic and the market is too dynamic. One has to fly like a butterfly and sting like a bee-lol. One has to be an ACTIVE investor in junior mining stocks. When Bob Bishop hung up his hat, that was the one piece of advice he told his readers. You have to trade, like it or not. I have done this for almost 30 years and have been bloodied many times. So has Bishp, which is what he was talking about. If the metals go against you, ALL stocks drop! Pump is always a concern, and it may turn out that way, but this seemed different to me for several reasons and I have been around the block once or twice myself. I sensed something different which is why I dove in. I doubled my entire portfolio value in three accounts in 6 days. As mentioned, it may still turn out to be a pump, but I have most of my seed money out of it now, so I am pretty much freerolling at this point. Here is what caused me to jump in and what I thought were the differences: 1) It would have had to be one of the greatest coordinated pumps in history given the fact that so many companies were moving and so much money was involved. I am guesssing maybe $400 million in about 7 days, in about 7 companies, if NOT had not been halted and close to that anyway. 2) This area has been the subject of lots of attention for several years now e.g spider and KWG;s VMS finds and several others. 3) It is located in the middle of nowhere in an insect infested swamp. That makes prospecting difficult. 4) It is a known mineralized area. 5) The drill results are real. Look at them. Bonanza grades right on the surface. Only 6 feet of overburden. And the mineralization went deep. 6) I read several geologists interpretations of the drill results which seemed bullish and valid. 7) Kaiser and Casey didn't talk about pump, they talked about legal problems and aboriginal problems. They even advised which companies to buy. Why would they do that if it was a pump. Those two know pumps cold! 8) Massive staking going on by everybody. 9) etc--when the next great area play is discovered will it look any different than this one? I doubt it, it will look like a pump, but not be a pump.