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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: onginvester who wrote (82910)4/12/2007 7:35:35 PM
From: chowder   of 206180
 
>>> trying to decide if taking some dough off the table or just raising the stops, hardest part of investing for me is when to bail. <<<

The question was asked the other day:

>>> Anyone selling into this rally? <<<

My response:

>>> For Heaven's sake, why?

Look at money flows! Do they look like they are getting weaker? <<<

Message 23444522

When in doubt about selling, take profits on 1/3 or 1/2 of your position into strength and raise the stops on the remaining shares. It doesn't have to be an all or nothing decision unless one is only holding 25 or 30 shares.

TLM has some overhead resistance that could stall the advance temporarily. Selling part could turn out to be prudent. Tomorrow's price action early in the session would determine which way to go.

DVN is breaking out to new highs, showing some real strength. The strength indicates just raising stops.

If PTEN can have another good day, there isn't any significant resistance until the next level at $28. However, it is at resistance right now. If price reverses tomorrow, taking profits on 1/3 of the position might be prudent, provided one has profits.
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