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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?


To: Petrol who wrote (28744)4/10/2002 11:28:59 AM
From: couldawoulda  Respond to of 59879
 
eventually petrol. Hard to pinpoint when a shift in trend will take place, thus set your stops wisely. Was nearly taken out of my long term holds on DROOY & GOLD the other day. Tug-a-war action taking place right now with the economic pundits and those who are quite skeptical of the market overall and current valuations. Gold is right in the thick of things. If you have enough people feeling the economy will turn itself around, it eventually will and gold will be the wrong place to be unless you're shorting.



To: Petrol who wrote (28744)4/10/2002 12:32:16 PM
From: TATRADER  Read Replies (1) | Respond to of 59879
 
I still have about an 80% confidence level that DROOY will hit at least 6.00 this year, when POG does a surge at 350.00..But when bullion starts to move into stratosphere, it is easy to get caught up in the hysteria...I remember in the 1980's, I bought a bunch of penny gold stocks...Wow, I would be rich...Well, I want to tell you,I held onto those stocks, thinking they would come back, and today, 95% of them are worthless...The one exception was Richmont mines, believe the symbol is RIC...

My stops at this point are mostly trading stops, as we continue to trade the bull market...But eventually, I will lighten my positions(won't be trading 20,000 shares of DROOY), continue to set stops, and not allow the trend change to destroy me....

Regards, Mark