You know a lot of trading happens in my portfolios when appropriate, and that is because I am a profit taker. I am a profit taker because it is really hard to beat a world full of smart traders (and some crooks and dumbasses thrown in for good measure) and when I do, I book many of the gains. Plain and simple.But there is room for investment as well. My own FRG, along with this pick from Otto Rock, given to me long ago in the .90's fit the bill. I had mostly forgotten about TRY.to, thinking it was a long term gold mining investment. But then it started to run; started to seek out the value that Otto saw in it. I thought 'dohhh, should I sell at 1.80?' but held off. Now it is at 2.40 and I still seem to be holding it.
I have 3 gold stocks I would call long term holds. Two of the positions are firmed by the opinion of this analyst that I trust. The other is firmed by my own long standing opinion backed by, yup, Otto. I don't inherently trust too many people out there. This guy I do. Not to always be right, but to always give it a damn straight shot at it.
