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Politics : High Tolerance Plasticity

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To: kodiak_bull who wrote (16387)	9/6/2002 12:10:02 PM
From: Sharp_End_Of_Drill	Read Replies (2) of 23153

Shorting gold stocks? Sounds like dangerous business to me. I'm long PM stocks, and I have entertained the thought of selling some, but I don't think I'd short. Ya'll must see something I don't. I'm personally hoping for a flat to uptrending market to keep these metal stocks rising. I think if we get a nasty crash the PMs will get whacked along with everything else. If we get a really nice broad market rally I could see being 50% PMs, 25% short, and 25% cash. My theory here is in a crash the PMs might fall by half, the shorts would double and the cash would stay the same - net zero change. In a rally the PMs would rise a little, shorts would fall a little and cash stays unchanged - again net zero. The risk would be a huge rally that makes PMs and shorts both fall - a prospect I see little chance of. The dream is the goldbugs fantasy that PMs double, shorts double, and cash again stays the same - longshot but possible. Comments? Sharp

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