r bagnell re:< "I like to buy stocks that go up">
Remember richie; to Buy Low & Sell High:
... first you must buy low (unlike your late arrival here to the oilpatch party)...and then unlike what you obviously also failed to do on MOGN - you must sell high and not ride a $60 stock back down to $27 as you've also obviously done with this bio-not over the last 6 mos; since as you said - you "haven't sold a share" ? (VBG).
re:<< "IMO, anyone selling a hot sector like oil service (also a good hedge against inflation) to buy a poor sector like gold is guessing not investing. ">>
No excuses here from me for buying Gold - Low... just as there were none for buying the Oilpatch stocks at $10 Oil; nor will their be any excuses for selling it high either - just as their were none in taking Oilpatch profits here & rotating to Gold.
GOLD ? - deja vu all over again compadre ~ as some of us here were just voices in the wilderness back in the fall of 1998 & OSX 50... I've also been asked to "take it elsewhere" here before - the last time was for pounding the table on E&P's here on the "Drillers & Service" thread during their valuation divergence from Oil & Gas prices ...that one's in the register allready as is the last 90-95% of this oilpatch run.
One suggestion by the way - listen & learn; or stay in the cheap seats...we're not too impressed by any peanut gallery claims from some "johnny come lately" for being there in the beginning on some bio-not; that's crashed from $60 to $27 in the last 6 mos & you - "haven't sold a single share " ??? - you weren't here - when being here made the big money in the Oilpatch; doubt you were there early either & if you were - what the hell you doing still holding the $60 MOGN bag at $27 ? - remember; there's two parts to that saying; you gotta both buy low AND sell high; buying low & riding a high back to that low - is NOT a game I'm interested in playing...
I know in this era of ritalin on demand in our instant gratification society that's been weaned on 10 second soundbytes, channel surfing, the 90 second music video etc -that many have the inability attentionspan-wise to see any cycle developing that takes more than a 3 day margin call; but Gold in its broader 7 year cycles of late; is certainly worth the wait - given it's last 3 cyclical moves; and if you can't see all 4 seams on this 65 mph golden changeup - coming right down the pipe.... you need a cane & a good seeing eye dog along with your trading terminal... Me ? I'm digging in & swinging from the heels on this one...
re: << ..."If Slider's gold continue its poor performance, it is because the Gold market is manipulated.">>
...hmmm; actually I'm probably +/- 3 to 4% on my Gold forray; had a few little trading pops like FCX from the $8's to $10's, did well on AEM a couple of times, caught SIL at the bottom for a nice pop. I'm even to down 3-5% on some others... have only recently arrived to the XAU stocks actually and have played mainly between XAU 48-55 here; not much of a chance to make, or lose much money yet actually.... NEM & FCX my largest positions here fwiw & sitting at $14 7/8ths for the next NEM bite & praying for XAU 43-45ish to add more HGMCY GOLD DROOY NEM HM AEM FCX FN.TO N SWC SIL et al. I'll continue to average in on any further pullback, or add on any technically supported upturn. We shall see... I'm a rather recent arrival to the Gold Stocks richie; been nearly 100% in Oil's since the fall of 1998 - except pausing to shoot some more fish in the barrel on Tech at the bottom of the April NAZ blow off; stepped in - leveraged 2 of the first 3 pops; caught 'em right then cashed in the chips and walked away as the risk vs. reward meter for Tech just keeps getting worse & I allways recognized it for what it was - a purely momenteum oriented "game" in which anyone left playing after the 7th inning is a sure loser. Have occassionally dabbled in an odd tech, or two - may again; both long & short actually; but nothing and I mean NOTHING - has the fish in a barrel; low risk - high reward attractiveness as the Gold & PM Mining stocks here - nothing....not even Black Gold.
I've never, ever been a Gold Bug in my prior investing life & after this cycle pop - may not be for another 6,7 years.... hell; my 2nd favorite sector trade I'm waiting on here is to short the OSX sooner, or later; as this is a gimmie double on the downside slope of the cycle as well...
Cyclicals require patience, being able to see the big picture & realizing that you deserve to make money & big money; in "both" directions - that's what makes cyclicals so beautifull in the first place if you can emotionally detach yourself from your stocks & love the cycles for what they are - money making opps in both directions in any market, or economic environment...
Richie ya gotta earn your bones here the old fashioned way - little ankle bites from the cheap seats don't cut it - never has, never will.... nor does claiming to have bought such & such at such & such; after the fact - add something of value livetime for once...don't become another chihuahua; we've allready got a pound full here.
PS; don't get caught if the Street cashes in Oils here to use as currency to chase the Tech blow off - that'd really be negative mo-jo, deja vu all over again. But then again; who the hell would cash in Oils to chase tech; as that would be guessing and not investing - right richie (VBG) ? - not that it stopped them the same time last year in nearly the same scenario by the way...
Ciao Chihuahua-breath ~
Got Gold ?
.... oh & kodiak ?
<< "Gold makes sense only if you can really predict those unpredictable, unknowable catastrophes. ">>
- really ? ...a rather simpletonian dismissal there kodiak; thought you were a little brigher & deeper than that ? evidently not... |
