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Gold/Mining/Energy : Gold and Silver junrs- portfolio -- Ignore unavailable to you. Want to Upgrade?

To: tyc:> who wrote (61)	4/4/2008 10:56:42 AM
From: Rocket Red	Respond to of 328

let the board speak

To: tyc:> who wrote (61)	4/4/2008 10:58:16 AM
From: tyc:>	Read Replies (2) \| Respond to of 328

TSE:NGX Northgate is expecting to produce 400,000 ounces of gold this year. It has no debt and is unhedged... even this year's copper production is unhedged.

To: tyc:> who wrote (61)	4/4/2008 11:05:03 AM
From: TheSlowLane	Read Replies (2) \| Respond to of 328

Considering the volatility in these juniors, it seems to me that 10-15% may be too short a leash that will result in considerable churn and whipsaw. Good for our virtual broker, but maybe less so for the PF. My recommendation is: a 20% drawdown from the entry price on a closing basis triggers a motion to sell. Since three recommendations are required to buy a position, perhaps the same should be applied to selling a position. That said, for the sake of simplicity and reduced workload, I would not object to an automatic sell rule though, if that is the majority view.