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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: BigBull who wrote (42774)4/20/1999 4:17:00 PM
From: The Ox  Read Replies (2) of 95453
 
The lessons we learned are "Let your profits run".

I couldn't have said it better myself, except maybe to make lessons we learned are singular, lesson we learned is... <vbg>.

I think patience will be rewarded at this time, not punished. At the same time, anyone who has overweight positions should consider caution and profit taking. Risk management is still very important for those choosing a high risk trading strategy. If you trim down excessive risk positions by selling into strength, even though you lower your potential gains, you also remove the possiblity of getting your head handed to you on a silver platter...or was that a slider platter<g>.

best regards all,
Michael

Michael
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