22 replies to this topic

[CAzzaro]

Big moves yesterday on large volume in HMY and GFI. Anyone know why?

[catrader]

Totally surprise interest rate cut by South Africa. Catrader --

[senorBS]

And with that rate cut the RAND collapsed (very good for their gold stocks) - remember several weeks ago Senor mentioned GFI and HMY as very good low risk trades. NO BS. Senor

[CAzzaro]

Yes I do remember Senor. Nice call. Do you still like GFI and HMY at these higher prices?

[senorBS]

Si, since Senor now believes they are going to new highs for the entire bull market (please keep in mind this is simply Senor's fearless forecast and PURE FANTASY!). Senor bot a good ways down there, hard to say how much they might pullback here, Senor guesses not too mucho. BS of course. Senor

[Stickan]

SENOR recommends to NEVER bet the farm - a recipe for disater in his humble opinion. I would take prudent positions and spread buying between several "small" companies if you go that route. There is too much that can go wrong in ONE small stock and there are TOO MANY of them that are attractive not to DIVERSIFY. In and case, best of luck amigo.

Senor

<{POST_SNAPBACK}>

You are right, and this may sound like BS, but I got cold feet.
I bought at 2.14, which in hindsight I thought was too expensive for that farm, I then sold at 2.16 1/2 hour later. And will now compose my self and think this over.
I'll try to get it on a pull back later today (which doesn't seem like a good chance right now - 2.19!!!)
we'll see.
stig

[senorBS]

Amigo, your "nervousness" makes Senor's point exactly. If you were diversified, in prudent positions. and NOT betting the farm Senor thinks you would have much less worry and would "trade" better - just Senor's opinion and what works for him. BS as usual. Senor

[Net]

Amigo, your "nervousness" makes Senor's point exactly. If you were diversified, in prudent positions. and NOT betting the farm Senor thinks you would have much less worry and would "trade" better - just Senor's opinion and what works for him. BS as usual.

Senor

<{POST_SNAPBACK}>

Absolutely prudent! Well stated, and very true. I believe capitulation touched on this very thing in his 40 tips.

[PIK.]

Senor, yes, I think we may be getting close. Some overhead supply to deal with though. See Chart #17. I like the advice on managing positions.


http://stockcharts.c...et?obj=ID894751

[outsider]

Thanks for the heads up this morning Senor. If you are not recommending stops, is it because you expect turbulence in the small golds that would mean churning? That would mean you will be adding on weakness in the next few weeks? But it might be because its up, up, and away and no stops are needed. That would mean you will be adding on strength in the next few weeks.... Hope this isn't being to pesky with preguntas. ---Out