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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (44640)1/13/2004 9:17:11 PM
From: rolatzi  Read Replies (1) of 74559
 
Jay,
Bon voyage, as they say.
The one destination I need to reach is Bora Bora. I have been obsessed by its beauty since I first saw a picture of it.

My dollop of PAL has been on a tear this week. I am thinking that it may be getting ahead of itself but will watch the price of Pd to see whether I should take some profits and buy back. It has a little more to run before I consider it overbought.

Gold stocks continue to correct. I see this as a fundamentally healthy situation and may buy a little more if the price drops enough. I am looking for juniors or and perhaps DROOY to replace NEM and my fidelity select gold mutual fund.

Energy continues to perform well and I will play the seasonal pop in energy going through May. My biggest holding continues to be TMR with a large holding of Fidelity Select Energy Service.

I have taken a serious hit with my biotech holdings of Celgene which has disappointed the street by warning on next quarter's earnings. I am getting killed on my AMZN puts, holding my own on BEARX and losing on interest puts through Rydex Juno Fund. The scenario of rising interest rates and declining stock values doesn't seem to playing out yet.

BTW, does anyone know what happened to kitco.com. It doesn't seem to be there and my browser states that it can't find such a web site.

Ro
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