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Gold/Mining/Energy : Silver prices
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To: Alan Whirlwind who wrote (1703)2/16/1999 6:30:00 PM
From: Ray Hughes  Read Replies (1) of 8010
 
Alan:

I'm hoping for a pullback. Gotta tell you, though, I've probably lost more money missing the boat waiting for pull-backs, or trying to scalp the last 1/16 off the option price, than buying at the wrong time or wrong price. That's why I emphasize that one must tolerate many losing trades in order to be "on the boat" when the big rally comes. Just keep the losses small, and be ready to reverse and buy back in if the price turns up, not down.

RH
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