written by reader Thoughts from Myron — A Historic American Treasure

By takeprofits, March 6, 2014

[Ed. note: Here is our latest contribution from longtime reader Myron Martin. He has agreed to our trading restrictions, and, as usual, we have not reviewed, approved or screened his stocks or ideas, and the opinions he expresses are solely his own.  Many of the stocks Myron covers are microcap “penny stocks” that can move dramatically with or without fundamental reasons, so please be cautious. Myron’s past commentaries can be seen here.]

This column will be a hodge-podge of investing ideas that may not pay off right away, but the more information you have, the better your investment results will be over time. My objective is not just to give you good stocks picks (by analogy feeding you for a day), but more importantly, to teach you how to do your own “fishing,” by sharing everything I have learned in over a decade of investing in junior miners, which are not nearly as risky as they are portrayed to be by the investing establishment.

February being the shortest month of the year was nevertheless notable for a number of reasons. With my 76th birthday being the 22nd, just a day before the Olympics closed, and loving barbershop (a hobby I may take up again), I decided I deserved some time off and spent considerable time watching various Olympic events and enjoyed a barbershop rendition of “76 Trombones”. Hope you enjoy it too.

Canada certainly acquitted itself well, considering the size of our population compared to the U.S. or Russia. One report I read that surprised me said that assigning three points to gold, two to silver and one to bronze would have positioned Canada as second in the entire tournament. Norway dominated in several events, as did Canada in hockey and curling in particular. The comeback of the Canadian women’s hockey team, being down 2-0 with only about three minutes left in the game, when they got their first goal, and tying it with only 55 seconds to go, and then winning in overtime against a strong rival, was certainly thrilling for hockey fans like myself, having played into my 73rd year.

You might ask, “what has the Olympics got to do with investing?” I can see several lessons to be learned: 1) Perseverance is key, a never-give-up attitude can pay off big-time. 2) Probably most countries had high expectations for certain of their athletes, who, due to spills, illness, ...

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