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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: sun-tzu who wrote (150129)	2/8/2002 6:59:52 AM
From: clochard	Respond to of 436258

<<sell the miners>> If the miners were like other stocks, then technical reasons would tell you they were overbought. But they are not normal trash and behave according to the sentiment and fear concerning the financial system. I have stopped trading them and now hold some as insurance. They could drop, but as long as I hold them, I don't have to worry about my other longs.

To: sun-tzu who wrote (150129)	2/8/2002 7:14:33 AM
From: Earlie	Respond to of 436258

Sun: Man, you are up early this morning. I have a couple of breakfast meetings, so I have an excuse. (g) Under normal circumstances, I would be in complete agreement that they should be sold. No question that a pull-back is likely, given the huge moves of late. But, as I noted a while back, watching the world's largest savers lining up to scoop their savings out of their banks, then watching them use that dough to buy gold bars, sure does change the equation. Likewise, the market's current penchant for crushing accounting flim-flams (YES!!!) and chewing up weak financials, sure speaks to the need for a bit of currency insurance. It is a tough call. At this end, I sold my S. African golds and moved the dough into the N. American junior gold environment for the added leverage. I will stay put until I see evidence of an end to the Japanese gold frenzy as well as some relaxation of the currently emerging unhappiness with the financial crowd. The latter might take a while to run its course. Best, Earlie

To: sun-tzu who wrote (150129)	2/8/2002 7:19:36 AM
From: maceng2	Respond to of 436258

If somebody is interested in going clown long DROOY, as I already am, the best idea imho would be do buy in over a period of a month or two at least, averaging in. If the Dow and the Nas crash seriously, and then start recovering, gold stocks could tank after that. There is no such thing as a "guaranteed loser" either -g-, just is as there are no "guaranteed winners" imho. But yeah, seems like a normal expectation, a correction is due. Trouble is, both the Dow and Nas Trash have to go UP to trigger that. They seem to have lost the will -lol-

To: sun-tzu who wrote (150129)	2/8/2002 7:32:58 AM
From: Lucretius	Read Replies (4) \| Respond to of 436258

not exactly... remember... gold co's lead the price of gold. a co like DROOY goes up as much as it is because it is LEVERAGED to gold

To: sun-tzu who wrote (150129)	2/8/2002 8:20:25 PM
From: mishedlo	Read Replies (1) \| Respond to of 436258

Sun you got that right greed on gold Add greed on shorts as well. This decline is OVER. Max pain is at about QQQ 38 MSFT did an abrupt reversal at the 50% retracement of the sept low when it hit 59 PUT ON YOUR RALLY HATS! I forgot to go long but I closed all my shorts/puts today I think we rally thru wednesday at least. If we bust thru QQQ 39 and hold we go to QQQ 42 If we stop exactly at QQQ 38 who knows If we stop below QQQ 38 then we likely reverse down Shorts NOT recommended here Look at bios They reversed big time I may buy a few calls on Monday M