Re: Mid September 2007
in response to
by
posted on
Aug 01, 2008 12:36PM
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Guys, with everything I've seen the last few years, ANYthing could happen, including 21 cents for Tyhee.
I look at what happened to Minera Andes just prior to earnings release - you'd think Paul Volcker had returned to the throne room of the Fed, raised interest rates to over 20%, and the US Government had found El Dorado and the Lost Dutchman mine in the same week.
There are no limits to the insanity of low values in this sector.
All I have to do is think about the last time I felt impatient - it was 2002, and I was buying Halliburton for $10 a share, AES for less than a dollar, and Williams and Co Pipelines and drilling stocks for buck or two. I could have bought HOUSES with the gains, if only I'd held on for today's prices. HOUSES. But I sold for insignificant gains too early (x2 when I could have had 7, 10, 20, 30 baggers!). I didn't know about Peak Oil, and didn't find out until 2005.
I'm loading the boat with as many tasty juniors as I can. And since I'm a buyer, I don't mind the cheap prices one bit.