Re: Last Words for the Day
in response to
by
posted on
Feb 24, 2009 12:32AM
Creating value through Exploration and Development in the Sierra Madre of Mexico
Exactly. Some juniors, like US Gold, went up almost 900% PERCENT!!! from the Nov. lows to the recent blow off top. I didn't catch the full move, but I caught it from just under a buck to $2.50, when I bowed out and decided to look for a suitable re-entry. All those profits go to Kimber now. Why? Kimber is dirt cheap at these levels. Some, not all, juniors have had nice moves up, and I don't hold it against those that have not, provided they aren't trash. They are simply better values in a Graham-Dodd margin-of-safety sense. I was reading the Intelligent Investor again last night, and the value is even more apparent.
Stick with value, stick with Kimber. I remember how great it felt the last time Kimber surged from about 63 cents to about $1.25 last fall. I had just bought a bunch of Kimber for my Mom's account that very morning, for 63 cents, and it doubled VERY QUICKLY, within days, as I recall. Now everyone gets a second perfect pitch. Swing when the time is right. I would say if you can buy it below 75 cents, you're doing very well.