Mining Sector Ideas

[gfp927z]

Ombow, Yes, they seem interesting enough for a modest LT position (maybe), but that's about as far as I'd go, pending additional research. $350 is my limit anyway, which effectively avoids getting into too much trouble :o) But even with $350 / stock, you still can't become cavalier in the selection process. Of my 200+ individual stocks, only a handful don't have long track records. There are some turnarounds or 'contrarian values', but these are stocks with great long term charts that have hit headwinds. Because of their strong track records, the odds are they will resume their long term uptrends.

Anyway, it's a long way from throwing big bets down on bio stocks. lol. I actually only tried that (mega bets) a few times. Once with Dendreon (DNDN), and came away with a quick $40 K gain (pure luck), and another bio stock (binary event) I luckily got out of on a Friday afternoon, right before the disappointing press release after the market close. Man, dodged a major bullet there, and that was the end for my uber gun-slinging days lol. But I still found other ways to lose money, and back then knew zero about TA / chart, so was set up to fail. Plus an overly cavalier attitude. Better off being on the paranoid side :o) As Andy Grove of Intel famously said --> 'Only the paranoid survive' -







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