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

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To: Bruce L who wrote (25133)8/16/2003 8:57:50 PM
From: chowder  Read Replies (1) of 206085
 
Bruce,

I'm not allowed to trade GW anymore. The first time I traded it this year, I bought at 4.13, it went up a little and I sold it at 4.14 as it was coming down. Not a very good trade at all.

The next time I bought it at 4.26 and got stopped out at 4.10. That's it for me.

I'm having a terrific year and most of my losers have come from messing around with the laggards. It's the leaders in leading sectors that are bringing me very good results.

Laggards are fine in a bear market because everything is lagging. The condition of the market has us in the early stages of an economic recovery. Therefore, companies with earnings increases and potential for growth are showing the better returns.

If we are going to show consistent profits, we must adjust our strategies as the market changes. Chasing laggards isn't bringing in the jack at this time. So, I have given up on playing with GW and the other laggards.

dabum
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