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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: Crimson Ghost who wrote (2011)9/22/2001 6:20:56 PM
From: isopatch  Read Replies (1) | Respond to of 36161
 
George. One of us must be bugging the other's computer.<lol>

Only now getting caught up on reading the thread from yesterday.

But looks like you and I once again came to exactly the same conclusion. Sold entire, large, position in KGC yesterday at 1.00 for a nice profit yesterday.

Being 10% of the portfolio, that bumped cash from 40 back to 50+% as of yesterdays close.

My concern is also only ST. And because I don't do a lot of ST trading, held other large positions in GLG, GG, NEM PR etc even though I expect them to also decline some.

Really think we're going to see a total washout/capitulation/meltdown in the broad stock market next week UNLESS there's a spectacularly successful counter strike against the terrorists in the next few days. Anyway, I'm more comfortable sitting on a higher cash reserve going into the weekend. Hopefully will pick up a few good buys in or outside the PM arena.

Looking at a lot of candidates in 3 or 4 sectors. But with market conditions are so wild and unpredictable lately? Don't know what I'm going to buy yet! That's really up to Mr Market.

Best regards,

Isopatch