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Strategies & Market Trends : Ride the Tiger with CD

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To: Canuck Dave who wrote (112630)4/25/2008 1:29:30 PM
From: Veteran98  Read Replies (2) of 312839
 
Rocket would be a good pick. I really have to say I have followed this thread and others for many many years and I have to say especially this last year with all the shit hitting the fan I don't think there has been one poster that has got it consistently correct as often as Red has. I am not just talking about pumping stock picks as when it comes to pumping I'm sure we all in our own way can be viewed as pumping. I'm talking about his assessment in other areas other than individual stock picks ie: his macro views of the market have been bang on !! His sector analysis ie: gold, uranium, potash, financials etc. has also been extremely accurate. His instant analysis of news releases has been a valuable source of information that many have been able to rely on and make some good coin. I am not a trader.. I'm a bottom fisher and I usually buy when there is blood on the street and accumulate huge positions of cheap stocks and sell when their stories finally get promoted. I have jumped on many situations that Red has brought to this board and made good coin. I didn't jump into ARU when he first mentioned it but it was on his analysis that I took my first position in ARU a few days later at 2.75 (post split .68). I have had a core position 30K shares for several years now and have traded ARU to the point where my cost is close to zero. Should have bailed out when it hit 10.00 but at that point I think everyone myself included thought it was a cinch to hit 20.00 I didn't get in ARU as cheaply as Red did on thursday but I did pickup another 20K shares around 3.30 or so. I never did have a core position in DMM although I did trade it but I have picked up 30k shares this week at 2.50 and lower. I have had many high points and low points over the years of investing but in general I would have to say whenever I get to the point where I feel extremely low (and I'll tell you I sure wasn't feeling high on thursday) then we are probably getting close to the point we are very close to hitting a bottom. I for one have seen this much negative sentiment in many many years and I've been through a lot.
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