Good question pc. I classify myself as an investor with a limited time horizon. Skier might call me a trader. I, like Skier, have fallen in love with a company and it usually cost me. (ROF companies, ECU/AUM etc.) So now I hold a large number of pm companies with range targets. If I make my upside target, I will sell if I have a better investment available. I am not as rigorous on the downside sells if I feel that it is market conditions that are causing the slump (eg. Oct-Dec). For example one of my major holdings is Silver Wheaton which is a pure silver play. It broke down past my sell target in Dec but I held and bought more because I know silver is going to $50+ this Spring. However I did sell all my San Gold at $5 because I thought it peaked and am starting to get back in at $2 because it is a good Canadian gold play. I still hold GNH but will sell some or all when I have made my target if I have a better investment in mind. I seem to end up in a number of Glorieux's plays because I have so many pm investments. He seems like an enthiusiatic and honest investor. I get annoyed at him because he is smart enought to sell when I am still holding but I respect his trading ability.

Mike