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To: Terry Whitman who wrote (149130)2/5/2002 10:16:09 PM
From: pater tenebrarum  Read Replies (4) | Respond to of 436258
 
well, you have a point about the RSI, but remember YHOO or the other i-nuts? they sure didn't worry much about their RSI's when they were running up.
true, they made them to trade them, but as Livermore once said: money is made by sitting mostly. imagine e.g. holding a 'core position' in CSCO from the '90 low for a decade. not saying this is in the same league, because it probably isn't. i'm only saying that there are situations where B&H gives you better results than trading a lot. unless you can foresee every wiggle.
check the chart of DROOY and guess WHEN traders on kitco said "those that didn't sell today will regret it".
for a gold rush example extra-ordinaire look at Western Areas in '93 - '94 (it went even a few bucks higher in '96):

bigcharts.marketwatch.com

hope you're doing well too...

hb