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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who started this subject7/23/2003 10:27:14 PM
From: isopatch  Read Replies (2) of 36161
 
SSRI up 12.19%, WHT up 7.20% and EGO up 6.15%, in one day.

All on huge volume surges of 2 to 4 times their daily averages. New 52 wk hi in EGO and the other 2 don't have far to go.

No question this is one of the biggest one day surges the PM sector has recorded in the past several years.

But, the energy for this breakout in the HUI has been building for awhile. That's what led me to do some aggressive buying beginning about 2 weeks ago, after being out of PM stocks (except for a few scalps) since February.

After a day like today, some cooling off tomorrow shouldn't surprise us. But my take is: Stay long and buy the dips.

THIS RALLY IS FOR REAL

And...I'm calling it a day. Cya tomorrow.

Isopatch
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