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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: bigbuk who wrote (53556)	9/16/2001 11:31:39 AM
From: the Chief	Read Replies (2) \| Respond to of 62348

Keeping a position in a stock for the purpose of a "just cause" is noble, but that is what it is "noble". Just as there are people who will pump a stock while dumping it, there will be many that will say they are staying true to their beliefs but will sell anyway out of fear of things to come. An orderly market is something we will not see for at least 4-6 months during that period I believe nobility will be relegated to the back burner as fear and greed, which drive the markets will continue to dominate. If you are in the market and now feel you should be out...does that constitute treachery? If you are in and can't get out, but have an opportunity to hedge yourself so that you do not lose any more money...is that treachery? If you are short the market now..should you cover to save the free world from terrorist oppression? Lastly, on a big pullback if you buy are you supporting the market or are you "bottom feeding" off of someones fear? These debates are moralistic issues and unfortunately if you could get everyone to agree to the noble cause, 40% or more would renig as soon as things turn bad for them. Tis human nature...as sad or as truthful as that may be. My approach will not "sadly" change as a result of this incident. I will buy on dips and sell on rises...it is what I do, it is why I am here. I won't lead anyone astray into thinking I will take the noble high road and "support the market" unless there were hundreds of thousands of investors all willing to swear they are doing the same. Just as you cannot believe a "BB alias", nor can you believe the masses....it is a wait and see. I think Greenspam will dump .5% and the dollar will drop in response, that will send gold up based on US$ drop and not on any demand. Central Banks will also announce a 40 tonne sale of gold tomorrow, forcing gold to pullback, giving no place, other than a piggy bank and the market...to put your money. There will be $150B+ injected into the market by the fed, and fund managers will start buying from the $3Trillion that is cash. This will add stability to the market, but will not propel it upwards. Mommentum is gone and if Osama bin Ladan is behind this, then standby for a second wave of attacks about the time the market grabs its footings. I will not be selling anything I own, but I will be a bottom feeder and buy my "second 1/3" of stocks. May God Bless America, and keep those that have passed, in peace, and comfort those left behind. the Chief