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Gold/Mining/Energy : Epic EAS.v (formerly Epic ERB.v and Safari SIR.v) -- Ignore unavailable to you. Want to Upgrade?


To: CLK who wrote (1476)2/5/1998 8:39:00 PM
From: virginijus poshkus  Respond to of 3335
 
CLk, it is always wise to follow the guys with money. most of the time you win. buffet, kirkorian, the saudi shiek, chris kagan, etc etc.

v



To: CLK who wrote (1476)2/5/1998 8:50:00 PM
From: Praxis  Read Replies (1) | Respond to of 3335
 
Off topic:Regarding W. Buffett and silver.
Thanks for you little lesson on...ahem... Mr.Buffett.
Actually if you did any reading on the man you would see the real reasons for him investing in J.P. Morgan(see:The Warren Buffet Way:Hagstrom), I don't need to explain it here.
Regarding silver, as with all his investments he does uses common sense and doesn't get emotional with stock(the real reason why most people fail, along with little patience), he recognized stockpiles to be extremely low and only about a 17-26% replacement of reserves scheduled for the next 5 yrs; I'll leave the math for you.
I too have recognized this and climbed aboard the silver ride late last summer. With the kind of money Berkshire Hathaway has to invest, they have to be careful as it is hard at the best of times to try and invest that amount without upsetting the proverbial apple cart(It looks as though Anglo-American had not surprisingly sold almost the corresponding amount of silver that BH bought).
Silver could really go past $10 but there is still an investigation about price fixing going on I still believe.



To: CLK who wrote (1476)2/7/1998 2:10:00 AM
From: Tommy Moore  Read Replies (1) | Respond to of 3335
 
Lots of backing and filling today. Upwards and onwards for monday.
$.90 represents a double for anyone who bought in December.
Can't blame anyone for locking in a profit at this level. Nice to see SIR price a little more in line with ERB. There still isn't enough
volume to indicate early knowledge, just people hopping aboard, hoping for a repeat performance of this fall. The real run is yet to come. Just my thoughts on the recent activity.
P.S. I know the truth hurts, but does it have to be so annoying.