GLAMIS GOLD - GLG Message Board

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Gold/Mining/Energy : GLAMIS GOLD - GLG

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To: Richard Schwindt who wrote (401)	5/30/2002 11:42:19 PM
From: dynamitehandler	Read Replies (2) of 459

It was a textbook classic run-the-stops day today. They (the big boys) drove GLG down to nearly 8 bucks a share for a couple of hours, hoping to free up shares that investors had protected with their stop-loss orders. Me, I'm a long-term holder so it didn't affect me. But if you're a short term trader then you might want to consider widening your cushion on your stop-loss orders. Lest you be taken out by one of these tricks. Gold is going up and gold mining stocks are REALLY going up in the medium and long term. So don't get taken out while you are away at work by one of these 2-3 hour dips created by the big boys. What this means to me (a long-term holder since 1997) is that the big boys want to take a "position" in GLG) So I think they'll regularly "run the stops" to acquire shares for their big clients at the lowest possible prices. When the tide is coming in (as it is for gold) don't use the same strategies you would use for a steady or for a falling market. That's my best advice.

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