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Gold/Mining/Energy : Corner Bay Silver (BAY.T)

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To: Claude Cormier who wrote (2678)1/4/2002 8:10:22 PM
From: gold$10k  Read Replies (1) of 4409
 
Hi Claude et al,

<<I am positioning my PF to profit even if metals stay in the same trading range for many years to come.>>

I couldn't agree more. I saw many make a bundle in September, 1999 and then give it all back and more. I prefer to buy despair and sell euphoria. The talk on this thread sounds like euphoria to me, so I sold my remaining BAY despite its great future. After a more than 100% runup in a few months, a breakout and 50% gain in the last few weeks, and big resistance in the C$3.00-3.15 area, I expect that BAY will take a rest, retrace some, and consolidate for a while. In the short term, I believe that it would take a significant move in silver for BAY to go much further. I also believe that any significant move in silver would be accompanied by a significant move in gold and I am loaded with many other explorers, many of which are still totally depressed from tax loss selling which are certain to be profitable for me regardless of whether there is a PM bull. Maybe I will regret parting with my BAY. We'll see if I get a low risk opportunity to rebuy. I have no specific target.

Good luck to all of the great crew here. Don't be too hard on me... I'm just living up to my name <g>,

vt
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