Hi All, My wife subscribes to The Bulletin magazine, and while I usually don't read much, if any, of it (I trust my wife to distill anything that is interesting and let me know in 20 words or less ) I often take a quick look at the column by David Haselhurst, AKA THe Speculator. For those who don't know his job is basically to take some capital at the start of each year ($40K I think) and he uses this to speculate on junior companies. He is up about 80% so far this year I think. A while ago he published a table showing annual returns over the last 20 years of so. I think in that entire time he only had 2 -ve years, but they weren't very big -ves, but the rest have been positive years, with most showing large gains. I find this style of "investing" very interesting. As far as I can tell (in the short time I've been looking at his results) he seems to hold positions in 10 or 15 companies, most bought at prices less than 10c, and often with free options. Many of these companies have modest gains, but occasionally one or two will gain several thousand % (eg, it's price may go up to several $), and it is these gains where he gets his overall good returns. Of course he does some fundamental research to pick his bets in the first place. What are other people's view on this type of investing? In one column recently David noted that one of the stocks had a huge increase in volume the day after he talked it up in The Bulletin, so there must be some (or a lot of??) people out there follow who his trades. John.