I would like to stress a point. That is, any stock or commodity, no matter it is ESX, SKG, GTR, VLV, HLX, MT, HTR, RGO GOU, gold, Silver, oil or Coffee, Oj, or cotton, or US treasury T-bond, as long as you are sure that you buy low and sellhi you will always ahead of the game of yourself.
For example, I paitiently set a good till more than a month limited price order at .28 and .29, and I got it filled and I am selling no matter what ESX will go to .80 or $1.00.
SKG bought at .165,.17, .175, .18 and I paitiently waiting for profit taking at any time time, no matter SKg goes to .37 or .49 or .75 or $1.00.
And this is just the examples.
Many folks are competing themselves by tring to outsmart the market, and end up with big losers. You see.
Oil had a big move today +70c far exceeding that $24.00 yet oil index down more than 600 points.
Opec meeting is coming up we shall see what the outcome after the meeting.
MT looks new low 52 weeks low, there is no bottom yet, never ever bottom fishing, you will get drawn as water is so deep.
GTR looks bearish at this junction as it does not look like will break that $4.75. It gtr could not go up, it has to go down.
I am raising lots of cash by selling ESX and maybe SKG, anticipating market low on or before October 19,1999. As they said "cash is the king, espe4rcially for the most experienced traders not investors.
John Paquet |
