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Strategies & Market Trends : Sector Analysis (mostly)

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To: hubris33 who wrote (6)5/17/2006 1:39:10 PM
From: ItsAllCyclical  Read Replies (3) of 22
 
So this has become our personal forum? Yea action today is crazy across the board. Was rather surprised we didn't see the usual "I got stopped out at xx price" on CWPC since that's usually what happens when stocks gap down. Everyone always gets out before <g>. No position in that one currently, but who knows if 5 is hit I might consider it, but certainly nothing substantial as this is a dangerous market. Looking forward to adding to my favs at lower prices. I suspect gold somewhat around 640-660 might create a decent enought ST bounce, but ultimately we may have to go a bit lower before a really good IT bottom.

I responded to Basser on the GSS piece. Decent imho. I've pared back on GSS since the value is there, but not the quality. If this correction last a long time or goes deeper than expected I'd rather hold NG vs GSS.
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