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Strategies & Market Trends : Strictly: Drilling II

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To: nspolar who wrote (11462)4/30/2002 2:45:55 PM
From: isopatch  Read Replies (2) of 36161
 
ns. <how did you know I had HL?>

Spy cam in you ceiling. BTW you wife's not bad<lol>

Seriously, you mentioned in a post a month or two ago. I just remember a lot of what I read.

Not to worry about not selling a lot last week. Haven't seen anybody who can ST time the golds with any consistency. I gave up trying a long time ago.

OTOH, don't have all my eggs in the PM basket and low cash reserves, as many on this thread do. Todays strength in the XNG is a good example of why diversification in both energy and PMs works so well. You're one of the few here who understands that. When one horse needs a rest, the other pulls the wagon quite nicely<g>

Nat gas very strong today. May contract closed up almost 11%. And XNG very strong today after some corrective action in recent sessions.

finance.yahoo.com^XNG&d=t

Only trade today is reload in TESOF right out of the gate @ $11.12 (vs taking a nice profit a few weeks ago selling it all @ $13.37). Decent size partial position. Will add if we selloff again. If not will take what Mr Market offers me on the upside. Reloaded KEG last week at $11.06, then sold a fraction of the position in the hi 11s and to reduce basis down to $8.60 (below my original entry in Feb/early March)

Still long and strong EPEX and other gassers.

Might even join you in HL on this correction if I get a good window to climb in.

Best regards,

Isopatch
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