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Dan Jacobson  

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  • Just One Stock: Among White-Hot Commodities, Demand for the White Metals [View article]
    Knukk,

    Thanks for your comments. You asked a good question about market cap. I"m not concerned at a $2B market cap. In fact, a certain size of market cap can inspire confidence in investors and allow a stock to come up on various stock screens. Some investors won't consider buying anything with a market cap of less than 500 million.

    My sole concern on this stock is price direction and management execution of SWC's business.

    I can't emphasize the following enough: respect portfolio position size of an individual security and know your gameplan if the price trend of an underlying metal changes bearish.

    Some investors become too enthusiastic and become blinded to the fact that investments have risk and there is no such thing as a sure thing.

    Good luck
    Nov 12, 2010. 01:21 PM | Likes Like |Link to Comment
  • Just One Stock: Among White-Hot Commodities, Demand for the White Metals [View article]
    Mark,

    I appreciate the valuable information you bring with respect to potential future supply of the white metals.

    After reading your comments on how leveraged your 401(k) is to palladium, I hope you have a sell discipline to reduce your exposure in case something happens which changes the price trend of the metal lower.

    While I'm obviously bullish on SWC, I hold to a management discipline of keeping initial purchases to 6% or less on even the most sky blue of blue chips, and always trim stocks positions when they reach the 10-12 % level.

    Investors without a sell discipline (sell stop limit orders work fine) become little more than speculators. The majority of speculators bust.
    Nov 10, 2010. 08:11 PM | 2 Likes Like |Link to Comment
  • Just One Stock: Among White-Hot Commodities, Demand for the White Metals [View article]
    Thanks for your reply.

    I'll stand by my comment of "murky". Since neither you nor I know the inventory level they hold, it is murky. If you know of the current Russian inventory, please disclose the precise amount.

    If you don't have a precise number on reserves, the actual amount is murky, even if we all suspect it has declined significantly.
    Nov 9, 2010. 04:23 PM | 8 Likes Like |Link to Comment
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