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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (109279)	9/14/2008 9:33:28 AM
From: CommanderCricket	2 Recommendations Read Replies (4) \| Respond to of 206222

"You made me think more seriously about the sizing of my positions. In the future I will probably try to take fewer positions - and increase size. And last but not least, I like your energetic, aggressive kick-butt go get 'em attitude. " A key and very important statement. If you've have the time to daily monitor positions and are comfortable with research, you can generate fantastic returns holding only 4 - 5 stocks. Diversification? Hah, it's rare for me to hold more than 6 stocks and suspect many here would think I'm nuts (and stupid) for not being better diversified. Well, its works for me. I would be curious to know how well the old timers have done here on a yearly basis. How does 34% growth per year sound since 1995 sound using the above strategy. The current rolling 5 year average is 44% a year and the numbers keep getting better since I quit the day job. At first blush 34% seems way to high but it isn't when you add in 3 years where I more than doubled the value of the portfolios. 2003 and 2004 were by far the best years. I've had +/- 20% swings in 2002 and this year but will stay with plan as Mrs. Cricket wants to quit in 2 - 3 years. Gut wrenching swings but have to admit have become better a managing the down turns. Could never have done it without the support of many friends here. This is by far the best board on the net

To: skinowski who wrote (109279)	9/14/2008 10:46:46 AM
From: Salt'n'Peppa	Read Replies (1) \| Respond to of 206222

I wholeheartedly agree with you skinowski and hope that Q8 does not take one or two persons' gravelly comments too seriously. Posting your activity publicly does invite criticism and one must be thick skinned enough to take those lumps, along with the far larger audience that appreciates those posts. Q8, keep on posting. I for one am learning a little more and your enthusiasm is infectious enough to have made me lock in profits of 15% in just a week. Cheers, S&P