Mercator Minerals Ltd MLKKF

The Big Picture

[24~Karat]

On a day when other commodity markets have had swift and steep corrections, copper has fought back to show a slight gain for the day. Even on a day like today, the market still says that copper does not want to go down. Here is the summary: 04/20/06 o/h/l/c = 296.60 297.65 283.00 296.20 +0.25 Today sellers of ML are the warrant strippers who have no conception of value. Remember the 3 million share cross last year at 80 cents? Look where that got them!! Instead of taking that hasty and ill-considered action, that seller would have done well to have taken some advice from a legendary market observer: “After spending many years on Wall Street, and after making and losing millions of dollars, I want to tell you this: It never was my thinking that made the big money for me. It was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets, and lots of early bears in bear markets. I've known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And, their experience invariably matched mine-that is, they made no real money out of it. Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money. It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance." Jesse L. Livermore, Reminiscences Of A Stock Operator, Edwin Lefevre