Use access key #2 to skip to page content.

goofypicker (97.97)

I have to be among the most volatile players in CAPS

Recs

4

July 30, 2009 – Comments (3) | RELATED TICKERS: SYNM

And I don't hardly ever change my picks.  I picked many gold and silver stocks when I first started and I have not closed them out.  I had many of them as a 1 year pick which has expired...but I'm not ready to close them out. 

To be quite honest, I am less certain of where the precious metals are heading now then I was a little over a year ago.  Reading the tea leaves, financial stories, financial reports, etc tells (told) me that the dollar was gonna drop hard.  But it hasn't.  I know it is down but we are playing a game of relativity here and it is tough to find another country without issues of their own. 

I listen to the inflation/deflation debate and can't even make up my own mind.  I read (most) of alstry's posts and can concur with what is said.  We are on a freight train loaded with dynamite headed too fast down a steep hill with a very dangerous curve ahead.  Brakes are pretty shaky and the curve is getting closer all the time.  Can the engineers get us out of this crisis.  Not sure.  They did build the tracks down this steep hill and put the dynamite on the train so maybe they know what they are doing.  And then again...just maybe their intention all along was to blow the train to smithereens.  Now that is a really scary thought. 

So in closing, my confidence in precious metals, or any commodity, has wavered.  Don't mistake that as confidence in any other currency...just not sure about any financial investments at this time.  I lean a little more towards the self preservation mode at this point...food and shelter. 

Post wouldnt be complete without dropping a stock to check.  SYNM..stock has been on a tear and could be one of the "green shoots"

goofypicker

3 Comments – Post Your Own

#1) On July 30, 2009 at 5:33 PM, Deepfryer (91.35) wrote:

I'm the same way.. in fact my score graph looks fairly similar to ours. I think that the best way to reduce your volatility is to end some picks (with a positive score of course). Then you will have those positive numbers "locked away". I have also heard people say that you should never end a pick in the red, because that will kill your accuracy score.

It sounds like you're worried about a crash coming up, so this might be a good time to end some of your positive picks, before it's too late. Anyway, good luck. I'll check out SYNM.

Report this comment
#2) On July 30, 2009 at 5:35 PM, lavillex (79.63) wrote:

I too think it has to crash sometime but I thought this 1979. They keep coming up with new ways to hide the ticking bomb but someday it will have to blow in my opinion. As far as commodities they will return someday. The price of oil and metals will come back strong as the economy rebounds...if it can. Just another thought I have had for years....as the greed and corruption increase the investor gets wary and cautious. The market goes down and less confidence is held by the everyday investor.

I will have to check out your stock mentioned.

Report this comment
#3) On July 30, 2009 at 6:24 PM, dragonLZ (28.15) wrote:

And I have to be one of the fastest advancing players toward the Top Fool title.

Just like 10 days ago, I was 26thou+ out of 67thou players, three days ago I was 15thou+, two days ago 9thou, and 

today 4072 out of 67938 players.

Entered my first picks into my portfolio less than two months ago...   

Report this comment

Featured Broker Partners