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Non-Tech : The Woodshed

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To: nspolar who started this subject4/28/2004 7:35:58 PM
From: crustyoldprospector  Read Replies (2) of 60908
 
What a day. Some "relative" positives:

Miners
1. SML, no change on 3x normal volume. My #3 holding
2. MDW, -4.3% on 2x normal volume. My #1 holding
3. XRC, -4.6% on 2.5x normal volume. A minor holding.
The aforementioned 3 issues are 31% of my PM holdings.

I expect the HUI to dribble down a bit more, but the carnage is mainly over, and 170-ish should be the bottom for now. It may (1) go only up from there, or (2) corrects a bit more before a final drop to 155, or (3) corrects a lot before dropping to a final bottom at 135-ish. My guess is (2) happens. IMHO.

USPIX
Up 3.6% today, 34.4% of portfolio
Think USPIX is headed for $26 territory ST.

More on USPIX/NDX later.

crusty
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