Marcos:
TA tells you when to buy/sell it'
Just had to pick that out as one of the guys you used to jeer! Also giant spreadsheets<G>.
Once you've made your picks based on the fundamentals and you've put down all your money, then timing, or exiting is everything. You only want to be a goldbug maybe seven years in the last 21 otherwise you'll spend many years "blowin in the wind". As they age, techies might find these cycles in their sector as well, but that's yet to be determined. So for now, it's come on down, and look, you can start at an all data chart and find out that though the prices are usually pennies, they have a history, unlike techs,and once the bull run is all over, these companies will just keep going and going and going like the bunny. Sure some fall by the wayside and have leaks in the boat, but a rising tide carries all boats until the dryrot sinks them. In the gold sector there was Bre-X, like todays Enron, outright frauds. As well, there are poorly run companies like Royal Oak compared to K-Mart.
If you look at enough of these long term charts, the TA will also give you some insight into leaders and laggards. Some dropped with Bre-X, but many held on at high levels for quite a while after. I've got NSU as a laggard, waiting for 340, but it's taken off early. AZS just a sentimental favourite as my all time leading trade in 96 at +1250%.
Bob |
