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Gold/Mining/Energy : Uranium Stocks

URNM 58.25

-0.3%

Dec 10 4:00 PM EST

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To: chowder who wrote (8708)	3/3/2007 4:57:54 AM
From: Gib Bogle	Read Replies (1) of 30212

I can see how your momentum band-guided trading can be extremely effective, especially in times like the last week. But I can also see that it could be more expensive than buy and hold in periods when the price repeatedly crosses the upper momentum band, since you will be buying back at a higher price than you sold at. This would have been the case with PXP from mid-December to mid-January. Maybe it should be applied only in these periods like the recent one when the rate of climb is too rapid to be sustained. I knew it couldn't last, but I had no way of deciding when to jump off. Next time ...

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