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Re: john302 post# 170

Tuesday, 07/22/2008 6:31:15 PM

Tuesday, July 22, 2008 6:31:15 PM

Post# of 541
I didn't mean to imply that your stock picks were penny stock scams. That's a whole different animal. Some stocks are even worse than Vancouver mining outfits. But your whole trade is based on the presumption that the price of zinc will rise. Therefore, you should focus on that, IMO. Just get long some zinc, and let the other factors go. You don't have to be an expert. Just open an account, and buy long-deferred zinc contracts, and be prepared to meet margin calls and maybe buy more if the price keeps going down. If you're wrong, you'll soon find out, but even so, you won't be in as bad a shape as the companies trying to mine the stuff at a loss. It's difficult to make that work.

If you really want to pursue it, email me, and we'll discuss it in private so we don't clutter up this board. I'm at Yahoo. I'm not a broker anymore, but I'll help you any way I can. Just a piece of iron sharpening another.



A good bottom's hard to beat.

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A good bottom's hard to beat.

e

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