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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (96054)	5/26/2002 2:16:26 PM
From: shadowman	Read Replies (1) of 132070

Gold...I've been buying and selling gold stocks for the last 2-3 months. The "bull" has been alive and kicking in that sector. I've found that buying on down days and setting reasonable stops has been fairly profitable...if the particular gold mining stock(s) share price goes up, I move the stop loss up. If not, I'm stopped out for a relatively painless loss...c'est la vie. The percentage returns have been good...the actual amount that I've made wouldn't buy a new Lexus.<g> Not betting the house and I've limited my exposure to a modest percentage of my portfolio. As KT says the probability of a healthy dip down to the $280 area is possible....if it does dip, I'd probably look to up my percentage exposure at that time....depending on general market circumstances.

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