Corner Bay Silver (BAY.T) Message Board

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

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To: TheBusDriver who wrote (3089)	1/20/2002 2:02:36 PM
From: gold$10k	Read Replies (1) of 4409

Wayne, Thanks for the vote of confidence. I don't mean to rain on your parade, but I consider my recent purchase of BAY to be based on a combination of fear of missing out and a bounce about to occur. I generally consider fear of missing out to be not a good reason to buy, but this is a bull market in PMs and BAY is among the best companies. Nothing is for certain, but IMHO the most likely scenario for BAY in the short term is a bounce to somewhere in the C$2.68 to C$3.00 range with C$2.75 the most likely top, followed by a return to the current level or lower. I am expecting a pullback in the PM sector for the next 5 weeks. Since BAY was among the 1st to rise in the recent up cycle, I see it as being among the 1st to fall in the coming down cycle, and expect that it will be among the 1st to rise again in the next up cycle which I expect to begin around the 1st week of March (last BOE auction is March 5th). This is just based on what I consider to be probabilities, which is why I am still 80% invested in PMs, but not 100% as I am at cycle bottoms. Perhaps it is simplistic, but check out the cyclical nature of this chart... chart.canada-stockwatch.com Just my opinion, vt

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