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Gold/Mining/Energy : Uranium Stocks

URNM 58.38

+0.5%

Dec 9 4:00 PM EST

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To: smh who wrote (9519)	3/27/2007 9:44:32 AM
From: chowder	of 30203

>>> The old stock market adage of ‘Sell in May and Go Away’ as long been used as the basis for an exit strategy, as May approaches we ask does it apply to the whole of the precious metals sector this time? <<< As the article stated, that strategy is one that is used for those who follow an index. When following an index, we often throw the baby out with the bath water. Funds often make buy and sell decisions based on an index or market indicator because they have to buy a wide range of stocks in order to diversify. When they do this, they aren't always buying stocks that are specifically showing strength. Professional traders follow price and volume. They look for stocks showing strength, regardless of market conditions. The market is always showing strength somewhere as money rotates from stock to stock or sector to sector. Those who only invest in a specific sector, such as uranium, oil and gas, semiconductors, etc. must follow the index for their sector, which I think the article you posted was suggesting. Then there is always the strategy of "shorting" stocks that can be applied when specific stocks run out of steam.

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