Bonnie - we play in different sandpiles, but think alike. I just wrote this on another thread;
"This thing about charts looking 'strong' on a rise - I know what you mean, and don't
discount it completely, but we each have our own styles and habits. Me, I am a
bottom-fisher, I guess, the opposite of a momentum player. I look at Chesbar and see
that two weeks ago it was trading in the nineties, and it has had a fourty per cent rise.
The sale seems to be over, and it's just real hard to pay a higher price. Fundamentals
count, of course, and the fundamentals do change as deposits get proved up or drilled
and killed, but with respect to the chart, I just want to catch it at the bottom, or at least
on a dip.
For example, EVR. I bought it when it was weak last December, if I'd waited until
later when it was strong, I'd have lost almost half the money at this point. Whereas right
now, after commissions I'm a whole penny and a half in the money -g-"
Your Farmer Mac and this Redwood look interesting, but the thought of changing loonies into $US is depressing. As Veneroso (I think) said - "The Canadians sold their gold, and now they can't figure out what's wrong with the loonie."
As an old-time habitual bottom-fisher, I sure like gold. .... cheers .... marcos |
