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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: marcos who wrote (38986)4/26/2007 4:09:08 PM
From: russet  Read Replies (2) of 78411
 
Sell in May is a cute way to say sell in Spring.

I think if you look at the charts of a couple hundred small cap resource explorers you will find that on average they are down at least 10% from their highs in the last few months. Many are down much more than that. I'd say sell in spring has already been a confirmed effect this year.

I listed somewhere about 4 reasons why sell in spring happens in or around May each year and I'll add one other that's especially pertinent in a year like this,...people sell off stock positions to pay their taxes due :-[)
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