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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: donald sew who wrote (21375)10/11/2001 2:51:30 PM
From: isopatch  Read Replies (1) of 52237
 
Hi Don. My fav sectors sometimes have different timing

than the ones you most often focus on.

Per posts on SD II, turned neutral on the golds 2 1/2 wks ago and sold my only call option position. A large on in NEM Jan 20s for a nice profit. Got a lot more cautious on the golds late last week and, by yesterday, blew out my last 2 very large positions: GG and GLG for gains.

Though wish I'd done GLG the day before<lol> Would have - should have - could have -had more than twice the profit. Oh well, there's always a next time. Capital preservation has to come first.

Anyway, from late last week to yesterdays close bumped cash up from 35% to 65%. That's a very big swing for me. I usually trade incrementally, not in huge slugs unless my work tells me we've changed trend in the sector OR sometime even more important, that a trend is about to undergo a sharp acceleration. And that's definitely happened to gold in recent days.

Last time I posted such a call for the broad market indices was right at the end of August calling for the sharpest drop of the year..

Best regards and keep up your excellent work. Always read your posts.

Isopatch
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