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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: quehubo who wrote (42036)	4/16/2005 9:04:12 AM
From: kodiak_bull	Read Replies (1) of 206342

Que, <<BRY Damn $66 to $46 >> <<12 months is a long time in this sector.>> Yes, exactly. Two points from your pithy post. First would appear to be the vital importance of setting stops first to guard against losses and second to protect profits. I believe, if you guard against losses and protect profits you will be doing one of the most important things an investor can control on this particular surfer's beach. Second, 12 months or 1 month can be a long time in this or any sector. There are times when you can follow a trend for 18 or 24 months and not be too long in it. At other times the trend is over in a few weeks. The Market doesn't know where or when you bought, and it certainly doesn't know that if it will just stay up/go down for 2 more months you'll be able to write different numbers on your 1040. Kb

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