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Gold/Mining/Energy : Swing Trading Toronto Stock Exchange Listed Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Vitalsigns who wrote (689)	9/16/2001 11:21:15 AM
From: Vitalsigns	Respond to of 2773

Short to Long carries into the weekend were 9 Longs 39% vs 14 Shorts 61% Current Sentiment Perception is 30% Bulls , 58% Bears and 10% Neutral taken from the Crystal Ball Forum which is a survey of traders. village2000.com As you can see, the trade positions mirror sentiment closely

To: Vitalsigns who wrote (689)	9/16/2001 3:16:03 PM
From: kirby49	Read Replies (1) \| Respond to of 2773

VS: Had I been here at the time I would have agreed also. I've been surfing and believe the miners in the Springhill coal mine disaster lasted 8 days and some could have gone more. There is still some hope then for rescue. Anyone know of how long after people have been pulled alive. Never checked Guiness. Re shorting and this thread. Only 6 or 7% have ever shorted apparently who invest in the equity markets. Of course just belonging to SI and this thread puts us in pretty rare company. Most shorting is done by the large financial houses for their profit and to keep the markets stable, so any debate in the media will be to put the spin on it that retail investors should stay long, reiterate their first lie that they had been spouting for a long time before this incident the LTB&H was good then and better now and more patriotic now. If others out there reading believe we are actually making these trades exactly as they appear here should understand that we all have our own portfolios and reasons for being here. I would never treat a 1,000 share lot of a $75 stock the same as a $10 stock. As a position player in the past who wants to become more a daytrader, I entered here to hone my skills on the short side as I have not held a short position since 96 or a put since 97/98. Was on my own and didn't know about SI. Well we're into it now with not much time for practice, so hope I can learn early from any mistakes I will make along the way. In practice however, when the bear really takes a hold there is no quicker way to profit in the equity markets than to short and that was the way I was looking before this happened. In straight shorting profits are limited to 100% and of course some techs are down that and others like nortel are close. I never played the techs as I was out of the market but should have been there to ride it down. As you and other posters here know I am long gold juniors, have been playing position trades in that sector since March and booked profits of about 30% in May and up about 8% on long and patient waiting now since June. I believe in having a bakers' doz. or less in positions and being as fully invested as possible while you're in the market. During May's POG spike I was in 130%, so dipping into margin for the play. The plan was to alter my potfolio and go short the biggies at almost full margin to finance any big spikes in POG and trade the miners shorter term. With last weeks events I think I will continue with my plan but not participate right away as I was expecting the volatility in the upside of gold only and not the downside of the DOW. Of course all of this is increasing risk in my portfolio and if I decide to pyramid the shorts so that more than 100% is possible, in a short time frame then that was what I was prepared to do and the risk I was prepared to take. I have traded here with an eye on what I will do and tried to keep my positions within the guidlines except for the CLS trade and I sure jumped the gun too early on that, however in real trading I would have trailed my stop down to about $42 now and know that my profit would be $12 pretty much locked in. What I want to do more though is, take position at 54 as I did, trail stop down to 48 and double position, sell first position at 38 while trailing stop down to 42, or exit whole position at 38 and look to switch horses for a quarter mile back up to mid to high 40's. and then reenter short. My present open positions, which are short positions, I have left now for 5 days, but feel I probably would have left them alone through this anyway and may leave them for a while yet. As for Stockpro's analogy re targets, I think perhaps all those are too closly related. What if they had taken 5 planes with biological weapons and landed one in each of Great Lakes. Same loss of life immediately, but dead lakes and now cities paralyzed totally include Chicago, Detroit, Toronto etc. I gotta go now, sorry for rambling on so. Back on later this evening. Bob