RE: I Believe ..."If I sell a position I need to have something better (risk/reward) to do with the proceeds."
So true. However since all I ever do is look for the next double, I seem to always find something I want or that maybe have a marginally beter risk profile. So many companies with so few funds
"NEVER let tax treatment divert your fundamental investment strategies. There is a large burn scar on my posterior that reads "Remember Nortel or you get this capital gain avoidance treatment again!" And that really, really hurt."
LOL! I thought the same thing.Gave back 14k in three days (last of dec) in CALM back in 03 and never will forget that lesson
In terms of valuation, if KGN is anywhere near 5mil oz, the market has a near worthless valuation on it at 8 bucks.