Strictly: Drilling II Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Strictly: Drilling II

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Art Bechhoefer who wrote (15086)	7/2/2002 6:41:01 PM
From: Frank Pembleton	Read Replies (1) of 36161

Art, when you're playing cyclicals like we do, you buy them when they are impossibly expensive and sell them when they appear "cheap." Gold at $265 was absolutely killing most, if not all the producers - gold at $1000 will make the balance sheet worth looking at - but would you want to be entering these stocks at this point of the cycle? The only thing I've ever asked of you was to take a minuscule 10% to 20% of your portfolio to hedge some of the volatility in the markets. Gold is beautiful for this because it has an inverse relationship with the broad markets - "negative beta" -- unfortunately, I have my good days when you have your bad ones. Regards, Frank P.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next