Replies to post #3327 on GOLDBUGS AMEX Goldbugs Index (GOLD)

[4Godnwv]

bob3 - My strategy has always been to build a core position in certain PM's, while swingtrading (even daytrading) smaller blocks -

Actually that's how I came to play the pennies - I took a few dollars out of my pony stocks and went to the dog track of trading, lol

As I waited on the next run in the PM's, I'd 'play' the pennies for a quick profit (or more often a quick loss) -

Anyway, that has become my style now, and I find myself with smaller core positions and a larger rotation of funds on a daily basis.

Your play on SLW was impressive, imo - buy the momo, and don't get greedy -

I picked up something from BB (i_like_bb_stocks) - "$500 a day keeps the job away!" I started thinking about smaller profits and a smaller percentage of my holdings on the table at any one time -

That 5% (my guess) you took in SLW today may not seem like much to some, but those trades add up - and we don't have to give up core positions in our favorites to do it.

Here's to more of the same my friend. Kudos.
4God

[sumisu]

bob,

That is a tremendous cost basis; I would have sold most; I usually like to retain a small portion of each investment.

There are a lot of investments out there in precious metals and energy.

Unless all the world's countries can solve their paper inflation money problem and if no silver bullet is found to avoid Peak Oil and Peak Gas, then we are in the correct sectors for a long time to come.

Stay tuned.

sumisu