Big Dog's Boom Boom Room Message Board

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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: CommanderCricket who wrote (2453)	6/28/2001 10:29:39 AM
From: chowder	Read Replies (2) of 206184

Hi CC! >> Any brave souls looking to jump back in? When? << What's the rush? These stocks have been beaten down so much, you have plenty of upside if you'll wait for the indicators to turn favorably. Trying to guess a bottom can turn into dead money for quite a while. Let the stocks turn up. Let the inventories and commodity prices confirm when a turnaround has occurred. At times like this, I have to remind myself that it isn't the price anymore. It's the trend! GW at $4? GW at $3? What difference does it make if the trend is still down. I'd rather catch it at $4.50 and know it's up from there. CC, Razor and I mentioned NITE the other day. We waited for the stock to bottom and for the indicators to turn up. stockcharts.com[h,a]declyimy[pc25!c50!c200!f][vc60][iut!Ub14!Ua12,26,9!Lk14!Lc20!Lh14,3] By waiting for the technical indicators, we timed the move perfectly. Instant profits, no dead money, no waiting for a sector turnaround. Wait for the technical indicators on your favorite stocks to look like those of NITE. You've got time to make decent profits without taking a lot of risk. JMHO, dabum

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