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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: nspolar who wrote (18742)2/22/2003 5:39:36 PM
From: chowder  Read Replies (1) of 206131
 
>>> Since I don't have a reputation over here it doesn't matter much to me whether I am right or wrong. <<<

Yeah but, I remember you from the $5 oil days over on Yahoo. So your reputation is at stake! <vbg>

I mentioned to Greenie, over on the RIG board at Yahoo, that his analysis may be spot on. So may the analysis of some of the bulls here. I don't concern myself with the story, just the reaction to it. If the stocks want to go up, I'll play along. If they want to go down, I'll go hide in the closet.

I have worked very hard at trying to keep from being bullish or bearish. I'm merely trying to play the odds and stay on the right side of the trend. It isn't uncommon for me to only hold a position a day or two.

I think the amount of buying we saw yesterday shouldn't be ignored. We could see the OSX whipsaw in the next couple of days, but what I'll be looking at is selling volume. If I see above average selling, it's a clear sign to me, to get out fast.

I do believe the entire market, this includes energy, takes a hit initially when war is announced. Most of my money is still waiting for this to happen. I believe we'll see a relief rally in the days that follow. I think being fully invested at this juncture is very risky since there's still a lot of uncertainty in the markets.

dabum
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