lucky me :-) my growing 10-bagger family

folks, lets welcome the next family member, levon resources (gold in nevada/usa):

3rd tenbagger! welcome, levon resources! http://www.informedt... on Twitpic

of course, thats the sexy part of my portfolio ... pls dont ask me 2 show u the unsexy one :-)

go gold bugs go 

btw, the current price for novagold shares @nyse equates approx 6.03 €uros, so the stock should go up in germany on monday morning ...

OMG! levon increased 2day by 9.9% and its closing quote CAD 1.11 (what a number!) equals approx 0.84 €uros , so it also should go up in germany on monday morning ...

top 10 :-) ~~~ ugh! 10 :-(

folks, the loooong lovely easter weekend arrived on planet earth => lets take some time to switch my portfolio view from 'summary' 2 'detail' and look also at the 10 best and 10 worst single trades. lets start with the best ... damned hell! i even didnt know there is already a ten bagger in my portfolio yet! well, the rio alto minig appears approx in the middle of my summary list and my 1st shot at that stock is 'just' +27%, so i even didnt realize what a clever fox in december 2008 i was! tax free +1,045% (because of old german tax law before 2009), indeed!

top 10,  

http://www.informedtrades.com/members/jaro-g-/albums/album-2/232-top-10.gif

top performance => top feelings :-)

well, there were also few mistakes on the road => ugh! 10, 

http://www.informedtrades.com/members/jaro-g-/albums/album-2/233-ugh-10.gif

poor performance => ugh! feelings :o)

... or is it just an impact of caffeine on human beings? lol ... that coffee was prolly a little bit too strong 


OMG! why didnt i buy just the 'good' stocks ?!?
cheers, anyway :-)

addendum, 04/04/2010: what abt a ten bagger bought with the proceeds of a ten bagger that was also bought with the proceeds of a previous ten bagger (100,000%)... => happy easter dreaming, isnt it? of course, ten baggers are fun . btw, the 2nd position novagold is also a ten bagger as it has also increased more than 10 times (bought @ 0.518 euros, current price 5.47, the last column shows already the profit).


even more fun as the profit itself is the story behind rio alto mining . the explorer companies always have their own stories, you know?


well, the rio alto guys called themselves 'mexican silver mines' 1 or 2 years ago. then the ugly crashy october 2008 arrived and the price of most financial assets crashed like a crystal vase on the floor ... not so bad for mexican silver! they still had 7m cash in their vaults, so theyve decided not 2 waste the cash on exploration of its projects and started ... got it? my lovely explorer company didnt like 2 waste cash on exploration?!? unbelievable, isnt it? just read a part of their old news release: .... .... The Company feels that these funds are better used to look for strategic alternatives which are presenting themselves to Mexican Silver Mines rather than in spending these funds on exploration. In today\'s market it is cheaper to buy than to explore and drill for production and resources. ... well, theyve started 2 look for acquisition targets like producing mines or competitors. after a while theyve bought rio alto mining with its gold-copper project(s) in peru! hmmmm, somehow stupid 2 call the company mexican silver mines if the major project is located in peru, right? no problem, lets take-over competitors name as well 

fairytales 4 hardcore fans of exploration/mining business, company's website 

folks, btw, how could we motivate my biggest position scorpio mining to become a ten bagger soon? any ideas out there? lol

my best investment?

what abt my best investment? of course, best just in terms of money ... please dont think abt investment in education, in my wife (thx goodness, i've got her! nobody would work all day for sooooo many years without any salary, u know? lol), invetment in peace, future of planet earth or any 'feel good' stuff. pls think here just in terms of investment return, ok? what abt craaaazy +703% in 1 year? damned hell, why did i not bought that stock 2 months earlier (in 2008) as that would be a tax free profit in that 'old german tax law' case :-(

folks, it is the gold explorer levon resources (TSX.V: LVN, company website). i've bought 5,000 shares in late february 2009 because of all the good news in their newsletters i've subscribed for some time and because of the cheap price. well, i couldnt understand why did the share price not skyrocket on all the great prospects so i've decided 2 take a bet against mr. market, you know? i just thought, damn, it is not a valid reason 2 keep the price down just because nobody wants that stock or because the overall market collapsed (in march)! do u agree abt these points 2day, my dear mr. market, dont u? well, the stock price didnt do much in the next few months ... then doubled in june ... and came back in july again ... in order 2 wake up mr. market from his lethargy i wrote a blog post abt the riiiiising gold price acceleration in august 2009. well, mr. market got the message, gold climbed from $935 up to $1,200 and levon from my entry level @ EUR 0.079 up to EUR 0.663 (= the intraday all-time-high level yesterday = CAD 0.93)! gold exploration business is soooooo crazy, isn't it?

question #1: how does an increase of +703.78% look like? no clue? hmmmmm, it looks like that (all quotes in CAD, view full page here):

(5 years vs. 6 months vs. intraday)

question #2: how does it look like if an investment doesnt do well? hmmmmm, it looks the same, u just have 2 turn your head left or rotate the chart by 90 degrees in the clockwise direction. easy, isnt it? btw, im not going to post the corresponding charts of failed investments here. few of them are still in my portfolio (sterling mining, qimonda, RBS, hy lake, buffalo gold, ...), few others disappeared from the quotations list after their bankruptcy :-(

question #3: when is the right time 2 sell a stock like levon resources? thats easy! just look into my crystal ball and/or ask my dear 100-years-old indicator, the dow-gold-ratio :-)