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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.06

-1.4%

4:00 PM EST

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To: PAUL ROBERTSON who wrote (64435)	2/26/2001 11:26:20 PM
From: GTC Trader	Read Replies (1) of 116762

<< are you going to pyramid a position? >> Paul, Please explain this trading strategy or point me to a link where I can find out more about it. Have you used it successfully in the past? Is it risky? By the name of it, it sounds like continually buying more on margin as the prices increase. Great for maximizing paper gains on the way up, and also for losing everything on the way down. However, if there is a variant strategy which increases the return without unduly increasing the risk, I would like to hear about it so I can study it. TIA - HB P.S. My comments are for communication and clarification - please do not take them as criticism. I welcome all comments and ideas. That is how we learn, and I've got a lot to learn and welcome any sincere assistance.

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