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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (11925)	9/23/2008 3:41:17 PM
From: Eva	1 Recommendation Read Replies (1) \| Respond to of 50506

Claude CKG is my only exception, as you know it I am holding a fairly large amount since many years, did some trading around but mainly added when it got low, I was the phantom trader who single handed kept the stock up, till my broker put an end to that. I consider CKG my pipe dream, but I will never do that again. I believe in this bull, make no mistake here, and buy and hold is fine in an established bull run, I am waiting for it. I always considered you as one of the only serious and honest Analyst, since our days on compuserve, nothing has changed my opinion. My disappointment lies with Randy Reifel and his lack of RE to his shareholders. Respectfully Eva edit come to think of it, if I could do it again, I would NOT hold CKG for years on end, the aggrevation and lack of income is too much. Never again a low volume stock.

To: Claude Cormier who wrote (11925)	9/23/2008 10:19:48 PM
From: Proud Deplorable	Respond to of 50506

"I know many who are still holding CKG from $1.60.., MFL from sub $1.00" Buy and Hold A LOT can happen while you are waiting so have insurance youtube.com or worse....with CKG, THIS is a definite possibility but, hey, holding it sure makes one popular youtube.com

To: Claude Cormier who wrote (11925)	9/24/2008 7:18:51 AM
From: SliderOnTheBlack	3 Recommendations Read Replies (2) \| Respond to of 50506

Claude, re:[I know many who are still holding CKG from $1.60.., MFL from sub $1.00, and many other stocks from levels lower than current market prices. Of course, they are also holding some other stocks whch are lower than current market prices. Apparently Slider and you do not believe in the secular bull. That is OK, everybody to his own style. There are some who believe in this long term bull. For them, gold stocks are part of their long term assets. So they are long and patient."] ************************************************************************************* Hello Claude, Welcome. Glad to see you here. You've done good work on presenting a fair, and un-hyped picture on the juniors & explorers. Not unlike what Bill Miller the legendary fund manager of Legg Mason has done for his value oriented investors for decades. I don't know what your return has been to your readers over time, but I know that Bill Mason beat the S&P 15 years in a row. But, lately he hasn't done so well, and is being crucified. Here we have a Hall of Fame fund manager who is now being belittled, crucified, and getting redemptions because he has now failed to beat the market. Fortunately for those in the Gold Bug community, gold bugs seem to be much more forgiving of their losses than the mainstream investment community. Perhaps because for the mainstream investment community, it's about rate of return vs. the market, and for gold bugs, it's about an "us vs. them" religious zeal, and one day being vindicated by the ultimate heavenly financial rapture <vbg>. Anyway... I'm just curious as to how any investor, let alone any newsletter writer, or fund manager can justify a collapse in value, and returns that was equal to the collapse of the Nasdaq Tech & Internet bubble ? The fall of the HUI gold bugs stock index from this March's 518 high to the recent September lows of HUI 255, is the equivalent of the collapse of the Nasdaq bubble form it's March 2000 highs of 5000, to 2,500. And the collapse in junior and explorer mining stocks was far worse than the collapse of the Tech Bubble. And we know what any gold bug would have to say about any tech permabull who rode the NAZ train down from 5K to 2,500. Can you imagine anyone in any sector, trying to justify, or rationalize riding down a collapse like that? I'm sure there were plenty of shareholders who owned AOL, or Cisco below the shareprice levels that were found at NAZ 2500, but how do you think they really felt? I find it amazing that someone like Bill Miller is now being ridiculed and abandoned by his investors, while the smoke & mirror, medicine show charlatan's that you find on Gold-Eagle, Kitco, and all the Gold-Bug sites ( I don't put you in this group Claude)... are being defended to the end by their permabull faithful? One of the ironic lessons of the markets is that one could have had poor research, picked bad stocks, but timed the market correctly and made a fortune in the Nasdaq bubble... as opposed to having great research, picked great stocks, but timed the market poorly, and lost a fortune over the last 6 months in the gold market. The best research without equally good timing matters not. You need both! S.O.T.B.