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Strategies & Market Trends : Natural Resource Stocks

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To: SliderOnTheBlack who wrote (19729)	1/5/2005 9:01:56 PM
From: ItsAllCyclical	Read Replies (1) of 108939

FWIW, I do think DROOY is compelling here, but the fat pig stepped on my feet one too many times of late when I tried dancing with her. She's going to have to prove herself a tad first before I resume. Lost some from 2.4 to 2.25. Made some of the run from 1.80 to 2.20 and then lost a tad from 1.75 to 1.65. If the SA issues do decide to find support and move higher it'll put a nice floor on the HUI and probably drive the sector higher overall, but of course initially the SA issues would lead given their oversold levels. Market feels kinda of sick overall. Still watching the Euro ST to see where it finds support so I'm not inclined to add to my existing positions here. Still have GRZ, GRS, NG as my main horses. Waiting for better prices on a few others. Consider these three my core and when I add back DROOY or KGC it'll be as ST traders. As a start I'd like DROOY to clear 1.55 to 1.6 on a closing basis and then I'll get interested again. If I had zero PM positions here I might be inclined to buy some at these prices, but 1.55 to 1.6 is not much from the bottom assuming it has found one.

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