Hi Slider,
Seems like the gold&silver bulls are running. While this raises a few contrarian hairs on my nape, there are times when I must put some Dapper Dan on those stand up locks and just follow the flow. Always keeping the EXIT sign in view of course, but also understanding that there will be ups and downs in the golden odyssey.
Seems like an opportune time to mention an old offer of a wager, remembering I had transitioned to building LT holding positions by the beginning of December 2002:
From February 11, 2003
Message 18564373
[HL] A true turnaround story and one that has not been discounted by the market.
I know you will not agree with that statement, so I will make a small wager, the payoff of which will be a public retraction from the loser.
I will wager that HL will be at least twice it's current price of 3.80 within the next eleven months. Against your insinuation that it is not going anywhere from here.
You ARE insinuating that, are you not??
Edit: Yesterday saw a support level HUI violated so I took profits in most of my PM stocks, but kept my position in HL to which I have added this morning during the time of my post to you. So my money IS indeed where my mouth is on this stock which I have followed for ten years (remember, followed, not invested, ggg).
Bact to Running Silent, Running Deep.
All Hands, Rig For Depth Charge!
ggg
PS, I understand your strategy and have no problems with it, you did an excellent job of running the HUI up from the bottom in 2000. While I agree that HUI >200 is high risk territory, I also think that this is where the HUI is going before the game is over and I have said so a long time ago.
Best Regards,
Roebear |
