Thursday, September 20, 2007

$17K Mile Marker


I post this with trepidation, for all could change tomorrow! The surge is due to gold stocks which have done very well. Remember, this is a speculative portfolio. I was tempted to take some money off the table, but I'm going to keep this as my USD hedge.

Here are 10 day charts on both:

2 comments:

Anonymous said...

Leisa,

Bill thinks wgdff will go much higher over time but I have sold off 2k(@2.93) of my 21k shares just to make myself feel better,I guess. Everytime I start selling into strength the stocks usually roar. Same thing happened to my position in AA which I had accumulated in the mid 20's, started selling around 33 & was out by 36. Hope this is just the beginning of a 20-30 day upward movement. I do think it will sell off again but after the glow has dimmed a bit, somewhere past 750.00
on POG. As Bill pointed out a few posts back wgdff will not see big
production #'s & when this sinks in
the honeymoon will be over!

Have a good day
Vavoline6

Leisa♠ said...

V_6: I tend to be an early seller too. But a gain in hand is a gain in hand. The nice thing about WGDFF is that they have little political risk. EGO has a Turkish mine whose production was ordered shut. Who the hell knows what is going on with KRY. I'm glad that I'm out of that. If it goes to $50 I'll not lament a bit. Too many risks--political, management. Smelly.