Silver Std Res Inc (NASDAQ:SSRI)

CAPS Rating: 4 out of 5

An exploration stage company, engaged in the exploration of silver properties in Argentina, Australia, Canada, Chile, Mexico, Peru and the United States and the acquisition of silver properties, if warranted, throughout the world.

Recs

11
Player Avatar XMFSinchiruna (27.20) Submitted: 3/8/2008 2:24:20 PM : Outperform Start Price: $33.34 SSRI Score: -149.93

I finally had to add this one to my CAPS portfolio. This is one of my most painful stories about the one that got away! :) Anyone who is invested in gold and silver will remember the May/June 2006 correction like it was yesterday. It was such a deep and painful correction, that it overwhelmed my conviction that the metals were ultimately going higher, and out of fear of further losses I sold massive amounts of my precious metals holdings. Most stocks I got back into soonafter when I realized my mistake. But SSRI had stung me too badly, so I stayed out. I sold at $16 something, and now it trades above $36! If only my conviction then had been as strong as it is now. Gold to $1,650 on its way to $2,000, silver to $50 on its way to $100!

Report this Post 3 Replies
Member Avatar soyelpato (44.12) Submitted: 5/19/2008 10:30:34 AM
Recs: 0

bet that 2006 correction helped you stay the course this time! thanks for posting. i did a good deal of DD on some of your other picks and raided them this weekend for my CAPS list.

Member Avatar goldminingXpert (29.65) Submitted: 9/9/2008 5:14:51 PM
Recs: 0

the course is wrong... don't pull a Bush and keep driving off a cliff.

Member Avatar mrudolph72 (58.13) Submitted: 5/18/2011 3:48:30 PM
Recs: 0

Wow I know this is old news but I wish I read it before I panic sold yesterday and then felt foolish this morning (lower case "f") and got back in at higher prices.

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