News Focus
News Focus
Followers 5
Posts 2104
Boards Moderated 0
Alias Born 07/06/2002

Re: montanamark post# 8898

Friday, 07/26/2002 5:37:28 PM

Friday, July 26, 2002 5:37:28 PM

Post# of 704041
Montana,

When gold was near 330 and all the gold bugs were pumping their stocks on SI I researched about 15 of them and found most PE's very high and one at 8000 p.e.
Well needless to say I got attacked and their argument was what if gold goes to 400-500 an oz. This pe argument was just what brought down most tech stocks. Yet these same gold bugs thought their gold stocks were going to da moon. Seems like gold was acting like prozac for those expecting a crash and another terrorist attack. I still think gold is a poor investment but perhaps one can make some bucks on another momo like Bre-x when it comes on scene. (g)

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today