posted on
Jan 01, 2008 10:18AM
Excellent Reminder of the discipline needed to hold fast, long and strong on the best positions. You must do your dd and that means forms of objective metrics, not the rah emotion or fear factor that paralyse objective decisions. In a population of "speculative" stocks, which are the most and least speculative relative to what you DO know compared to relative market caps (for example).? Where comparative/ alternative investments are available (eg BMK vs NOT), do you discount the potential of the minor players for the dilution inherent in existing JV's even if they strike paydirt. On a relative basis, NOT appears to really stand out from the pack, even with their own dilution (warrants) accounted for. For many retail investors, a lack of current price momentum seems to Taser them into submission, which favors those whose decisions are based on their financial homework .