P&S and STO Death Blow's Message Board

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Strategies & Market Trends : P&S and STO Death Blow's

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To: Mike M who wrote (881)	5/23/2002 5:34:01 PM
From: Jeff	Read Replies (2) of 30712

i wouldn't mind missing the early part of a bull market....the biggest gains come near an end....and if you know how penny stocks work in bull markets....they absolutely explode to 10 to 100 times or more your money near the end of a bull run..... same will happen to the cheap gold stocks near the end of a gold bull.....some are just now getting warmed up....but their biggest gains are still months away... you won't miss anything if you know how to play.... but at this point in time.....i think they have only one reason right now not to let nasdaq slip into the abyss...and that would be june options coming up.... i would love to see the gold price "pierce" that 327 high....because in a strong bull move....that pierce is like the support pierce in a bear move like nasdaq... they would pull a sucker sell off in gold before a ramp higher.... and then they could prop up nasdaq one more time for options as gold sells off.... then they could get folks out of gold stocks and back in tech stocks just in time for gold to run wild and nasdaq retrace to 1100.... ouch! i know its early yet....and this may mean nothing right now....but for june max pain right now....in this very early stage.... max p for NEM is 25.00 and for SPX 1125.... again...in this very early stage...it shows a gold selloff and tech ramp....at least until june options 6-21..... now "if" that played out like that....on 6-21 i would long gold and run for your life from tech stocks....<ggg>

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