panick selling / deleveraging ?, page-10

GZ, I hope Sri doesn't go to 2c, but it is possible along with a lot of other miners. Im banking on all my companies not falling to 2c and that at least most will recover. Its hard to resist putting a lot on your favourites, but I would think that you couldnt afford to lose your house from doing so. I tend to get reckless on real cheap options and dont care too much if they expire worthless. Mining was the best place to be after GFC1. My punt is, will it be the best again after the current selldown. Rather than pay tax on my trades, I decided to sit it out knowing any recovery will need resources again, and it stops me getting caught up in shares I don't have a feel for, or buying gold in a company that sells more gold than they possess. Most of the gold trading companies only have about 10% equity and will disappear with your money if they fail. Remember Sandfire. It went from 4.7c to $8.30 in one year. 17,000% increase in one year. You only need one like that to cover you for the duds. So chin up. There will be lots of bargins for you to find, so divide your capital around. Just my opinion. Merv