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Technology Stocks : Intel Corporation (INTC)
INTC 37.81-4.3%Dec 12 9:30 AM EST

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To: Yogizuna who wrote (113033)10/10/2000 12:32:56 PM
From: chic_hearne  Read Replies (1) of 186894
 
Re: So if the golds are finally going to make a stand, now may be a good time to accumulate some insurance positions in good gold stocks.

Yogi,

I have never seen FEAR or PANIC selling. IMO, there isn't enough FEAR to cause the flush out (yet). According to older investors I know, April 4th was not PANIC selling. The closest was aftermarket of the Intel warning. Notice the PoG briefly spiked $10 until we bailed out the Euro and opened the SPR to save Friday. Lock limits and 5 billion shares on the Naz is FEAR.

IMO, we will see FEAR when the PoG jumps $20 in one day. (does that make any sense to you?) That said, I'm long a few of the golds you mentioned, which are my only buy and hold positions at the moment.

chic
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