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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Broken_Clock who wrote (22137)	5/2/2003 5:54:33 PM
From: chowder	Read Replies (1) of 206092

Papaya King, A good illustration to show the weakness of MIR as an investment is in looking at the price by volume bars to the left of the chart. The grey area represents those who bought the stock at various price ranges. In the case of MIR, there are still a lot of share owners who are under water on their position. These people will be eager to sell as they make their money back. This is going to put additional selling pressure on the stock. It's called overhead supply. stockcharts.com[h,a]waclyiay[pi!f][vc60][iut]&pref=G Contrast that to RRI and you will notice that RRI has worked through most of their overhead supply. This should eliminate a lot of selling pressure going forward. stockcharts.com[h,a]waclyiay[pi!f][vc60][iut]&pref=G RRI clearly looks stronger and I prefer to buy strength. I'll leave the big risk plays to the dream chasers. I'm more concerned with showing consistent profits. Buy strength people. (Unless you're establishing a "LARGE" long term position) dabum

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