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

To: Metacomet who wrote (150)	4/7/2008 9:30:25 PM
From: tyc:>	Read Replies (1) \| Respond to of 328

Noted and appreciated. I would not boot without the approval of the thread, per routine. Do I take your posting as a vote for continuation of the three recco rule ? Or do you suggest some change ?

To: Metacomet who wrote (150)	4/8/2008 6:48:05 PM
From: TheSlowLane	Read Replies (2) \| Respond to of 328

Welcome to the world of investing by committee! I can tell you from experience with my investment club...it's a real challenge to try and accommodate a wide range of approaches to the market and keep everybody happy. In fact, it's impossible. So we have lowered our standards and just try to keep everyone civil. For example, we periodically have heated discussions about whether or not to use stop loss orders. Some people believe they are absolutely necessary. Some people are dead set against them. The problem is, certain sponsors were willing to let their stocks lose up to 90% of their value without advising the club to cut losses. So the stop loss rule was adopted to try to prevent that from becoming a routine occurence given that the alternative was to risk running the PF into the ground. I am not, by the way, suggesting that this applies to Roxmark, just pointing out some of the issues that come with the territory when you are riding in a bus where every passenger has a hand on the wheel. p.s. The topic (stop loss orders) actually came up again today when we met. The directors (a subset of the partners that are tasked with the investment decisions) agreed that all positions must have trailing stop loss orders, with the default being 30%. The sponsor for a stock has the option of specifying a tighter stop, without requiring a vote.