RE: Rebought TAM again/smocelucas"Loparn seems to post information amiable to his current holding or non-holding of TAM to his favor"
Yes, since my current position is affected by the changes in my expectations of and the current metal prices which are ESSENTIAL to TAM. I don´t hold my current position just by chance or coincidence. But I adapt or change my view MUCH LESS than the market itself.
With the crazy stock price movements, but to some degree foreseeable if you follow them closely for a while, on the TSX-Venture you also have to adapt somewhat to the changing MARKET sentiment for the TAM stock price.
At above CAD 1.75 I suddenly felt around Aug 28-29 that TAM could fall down significantly short term due to elevetad "subprime-worry" and to that connected metal price pullback.
If you are fairly successful, you will earn a lot more beeing sensitive to the (often crazy) market movements, than just buying and holding.
On my home page I usually tell also of my short term tactic (in swedish though) as I did with my TAM sellout, and of my changed long term fundamental sentiment through modified analyses, and very often at the SH boards even if some of my SELLING seems be too sensitive information to post considering the ignorant comments after my EFR selling at around 2 x current stock price last May (and also here regarding TAM).
TAM IS relatively high risk now, although the risk/reward seems very fine thus motivating a stock position. There is however no guarantee against heavy stock dilution at a too LOW share price (which some may wish), or against serious affects on China & India thus risking lower GNP growth or just lower EXPECTATIONS of that, resulting in short term less long speculationg from hedge fonds etcetera in base betals and long term less enduser demand, causing lower metal prices. Analysts following these markets more closely seem to be of quite different views.
Therefore I have been VERY cautious during this renewed crisis since Aug 1. It has been very profitable also.
Today my stock portfolio index stands at +88 % 2007, with 88 % cash and only a fair stock position in TAM and a smaller in AFA.
My portfolio index was "only" at +77 % when this cautious strategy began Aug 1, but at that time TSX-V at over 3000.