I really like the way the junior market has been doing so far this year. I think that over the last 12 months peoples investment strategy has been opened to including gold in their portfolios. The last year’s turmoil really prevented any capital flowing into the junior markets. It looks like this year has turned that around. Every day i see a lot of companies raising a ton of money in new financings. There is certainly no shortage this year of speculative capital flowing into the junior market. So far it looks like it is still insiders and close associates loading up on cheap placements. The retail sector is finding the junior market more and more with each day. The exchange stats are on the way up with volumes and capital raisings both on the way up and massively higher over last year month to month! The blog allows me to see what has been searched in google to find the blog and believe me it is a LOT more than oromin attracting people to the blog lately.

Im very happy with the way the discussion has gone this week, although we are all frustrated there has been no name calling or attacks on other members. Top marks on a meaningful discussion. To that end i am not any more negative on oromin than i ever was to the contrary i think oromin will still do well in the end. How far the end is away is the unknown. There are so many opportunities out there right now i can no longer justify my full compliment of oromin shares. I have sold off the stock i bought as traders over the years and continue to hold my core position. The problem was that the traders became holding stock and i never sold many shares and would buy back the ones i sold too quickly. I blew quite a wad in the 2 to 2.30 range on the way down.

I was recently talking to a good trading friend of mine and i noticed as i spoke of oromin i used the word “hope” a lot. Someone tonight said that you need to leave emotion out of investing, (well let me tell you that is the hardest rule for me to keep). As soon as i realized i was hoping on a stock i needed to sell some down and re deploy.

As the markets come back i will be relying on my trading instincts and letting the market tell me when to buy and sell. The old saying “the market never lies” is always true.

January 9th, 2010
Categories: General . Author: admin