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Strategies & Market Trends : Natural Resource Stocks

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To: nspolar who wrote (1000)	9/27/2003 8:19:30 AM
From: crustyoldprospector	Read Replies (4) of 108663

Hi nspolar, Do you have an S&P or DOW target for this pull-back? My put and USPIX positions are doing nicely right now, sending the PF to a new all-time high today. I'm thinking 1600 Nasdaq and 8400 DOW, though I'll be clearing out shorts well before we reach those numbers. See previous post to VT for my HUI targets on the correction. I'll probably buy a pile of NEM DEC calls as it approaches $36 on this down move. I've been making a killing on NEM options these past two months ... it's just too predictable in both directions right now. The move up from this correction in HUI should be spectacular, IMO. Your targets (235 and 265 -ish, as I recall) look good. Bottom of down move will determine which it is. Not one to miss. Regards, crusty

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