Matey, VS.
Well you got one recommendation comin down and I'll have to check it out, is that PO.T or POT.T? As for the pennies on the way up I got a boatload<LOL>. An interesting exercise is to follow Al's thread. There's a post sometime back before summer when he exclaimed how much you would have made if you had picked the winner every week. It was an unbelievable high percentage and I don't even think it was compounded! Funny what crosses your mind as you're writing, but the real ballsy play here would be to short TSX<GGG>. You gotta keep looking for different stuff, as you say of course and all the stocks VS just posted I have been thinking of shorting since June, and haven't because they're US, lack of courage to short knowing I'd have to sell some golds etc. I don't know how many times over the summer I said to Peter(Svenlar) that GS has to go down and the others proportionately as well as other major DOW components like GE, IBM. Things were very strange I thought before 911. It's like the last gold run up, pre Bre-X. Bre-X was recommended to me on the way up at $40 by an honest analyst who also said to sell at $160. I was full and didn't take the position. Thought about shorting at 1.30 towards the end after the 10 for 1 split, but no guts, no glory for a sure 100%. Employee of mine made a bundle during the short squeeze on the Hunt Brothers. Not that I got enough to make a whit of difference but had I taken those positions because of my observations and analysis, I might have been suspect.
I had been watching for changes back in the last two weeks of March. I had been late, at least for me, in seeing the movement off the bottom just before Christmas. Should have been watching HUI closer than XAU. All positions stopped out mid-March and I'm panicing trying to decide on a new sector. Tech's not for me. Gold play over for the year at the end of march with all sectors, producers, mid-tiers and juniors heading down. And then, a spark and I head in to all positions Apr 2, the day of the low in POG and have a great 6 week ride. Head back in after a couple of weeks mid June for the slowest sideways wall of worry for twelve or thirteen weeks and want to capitulate at end of August. Know it's gotta break hard one way or other for some reason or another so want to hold on for the first trading week after holidays, gotta hold for the second cause it's the first full week and may spike up after BOE sale. Always it seems a feeling or reason to hold on. Now I see absolutely no down side in holding the juniors even and plenty of upside.
Sorry for rambling here, but am just going to do some DD on shorting BNS. What do you think of that as a move Matey?
stockcharts.com[m,a]daclyymy[dc][pb50!b200!c4!c9!c18!f][vc60][iLl14!La12,26,9!Lh14,3!Lc20]
Hangin on the cliff. This POS is going down 20%. -DI goin to bounce of a rising ADX just about to get above 20. Looks like CLS when I shorted it here for a day right after Labour Day. Caught it comin down from $54, covered around $48 too soon. They'd like to see 48 again. BNS tomorrow might pick my entry time and get out of OCX as it ain't movin at all.
Bob
Bob |
