Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: dara who wrote (36834)	1/16/2006 11:54:23 AM
From: LLCF	Read Replies (3) of 39344

LOL, good idea. OTOH, this chart illustrates the problem with locking ones opinion on price point in stone with things like "overbought": stockcharts.com You often have a hard time getting back in for 'even' although you sold the absolute 'frothiest' part. If things don't 'correct' much... you still have to buy it if the story makes sense. So on the current move in POG for instance if the charts are showing it way overbought, it may very well piss around between 150 and 160 for a couple weeks and VIOLA! It's not overbought any more. That said... I'm selling lots of stuff now. :)) There are lots of good stocks that aren't overbought. DAK

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