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Strategies & Market Trends : Natural Resource Stocks

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To: gold$10k who wrote (872)	9/25/2003 3:51:42 PM
From: isopatch	Read Replies (3) of 108683

Could well be, vt. In the meantime, decided to stand aside and take some nice ST profits in my PM stock positions. Out of BGO @ 2.64, froze in the headlights on DROOY, missing a higher exit finally taking a smaller profit with an embassingly poor exit @ 3.21, and coming out of PMU flat @ .73. Overall a nice boost for the portfolio on top of the large ST gain in IVAN. Based on the power of todays reversal in the PM and PM stocks? Looks from my work like there's some real risk we've finished 3 to the upside and have begun a corrective 4 to the downside. What kind of rally we get after todays smack down will tell us a lot more about how to evaluate that risk. One more thing I'd like to emphasize to the thread: Nobody here should make any of their decisons based upon what I'm doing. I'm pretty conservative and go to shorter holding periods in dangerous markets like this one. So, whether you're an aggressive trader or a B&H person? Stick to YOUR style and make your own decisions. Isopatch

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