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

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To: LoneClone who wrote (89258)	8/14/2007 5:46:49 PM
From: chowder	Read Replies (1) of 206338

>>> Almost no junior is responding well to any news these days, good or bad. <<< Studies by Investors Business Daily have shown that 80% of all stocks follow the broader market trend. The broader market is showing institutional selling. When institutions are selling, they don't usually buy back right away, making the buy the dip strategy nothing more than buying a falling knife strategy. It has to due with supply vs. demand. The retail trader or investor simply doesn't have the buying power to offset the supply coming to market by institutions. And, since institutions generally have large positions that can't be dumped all at once, they wait for the buy the dip crowd to push price slightly higher so they can continue to sell their positions. If one isn't playing the short side of the market, they are missing a great opportunity! If one only plays the long side, profits should have been taken and stepping aside is the order of the day. I agree with your comments regarding bargains galore being available. The key is having the cash to take advantage of them once the selling subsides.

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