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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Big Dog who wrote (39982)3/9/2005 5:04:01 PM
From: diana g  Read Replies (4) of 206323
 
"...Ok Di-ana, You can sleep well tonight. The Dog closed his OIH put for a nice trade making 77% in two days. ..."
---Whoosh! That's a relief! ;)

Seriously, tho, the folks who are thinking this is a top should bear in mind that you can be right on the situation and still get clobbered if the market doesn't see it your way yet. The fundamental situation can justify a short position and still you can see the stock climb & climb. Eventually the market may agree, but until it does one can take a beating waiting for it to see things your way. I haven't noticed that the market is usually especially quick to see that the time has come to change directions. Right now I look at Energy & see $$billions hoping to buy on a dip. Even if the folks figuring the top of the cycle should be here are right (which I don't think they are, but I've been wrong before) the smart move is to wait to see that the market agrees. Picking the very top is a sucker's game, just like picking the very bottom is.

On the other hand it can be fun to do little quick trades when one sees a special situation, and I'd congratulate you on that very nice 77% two day profit if I didn't think you were likely to spend it on fast living and loose women.

regards,
diana
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