If you've got a speculative mining stock and it hasn't made any money yet, you need to worry. If there is a price drop in gold, the companies that have proven that they can make money will hold up better, and the ones that haven't made a profit will have a problem.
More Quotes from John Buckingham:
I thought it was emotional when they came in. It's more so when they leave - it rips your heart out. You don't how many aren't coming back.John Buckingham
We still like the home builders and we like the bubble talk too, ... The second we stop hearing about a bubble is when we start to worry.
John Buckingham
With these types of stocks, you have some time for the business to turn around or for management to realize it's not viable and liquidate the company and disseminate the cash to shareholders or even to find a buyer,
John Buckingham
I want to send my handkerchiefs down to George Steinbrenner. I want to put the cover on the coffin of the curse.
John Buckingham
Tech is fickle in terms of product lifecycles and investor infatuation and disgust so we invest in companies that have financial wherewithal to stay in business. If Gateway didn't have all that cash on the balance sheet, it probably wouldn't be with us today.
John Buckingham
I'm not surprised. (The fourth quarter and first quarter) generally are the best quarters of the year, corporate profits were very good, and the economic data was mixed to favorable.
John Buckingham
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A chief called Lawyer, because he was a great talker, took the lead in the council, and sold nearly all the Nez Perce country.
Chief Joseph