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To: ild who wrote (38514)5/8/2002 11:36:01 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 209892
 
<<Patron, don't you think that before gold and gold stocks are moving higher all the clowns that bought in lately should be shaken off first?>>

A true bull market seldom provides convenient opportunities for those who missed it to get on board. That's why making money in them isn't as easy as it appears...

<<There is just too much bullishness about gold around>>

It's still ignored (or better yet, treated with fear and loathing) by virtually everyone I talk to. This thread is hardly a sample of consensus opinion.

<<I'm betting on having another golds buying opportunity>>

Good luck. Maybe it'll happen (then again, maybe not). My own strategy is to maintain a core position and trade around it (ie, buy the dips, like the one we had in MDG today and sell the spikes). Not perfect, but easily managed.



To: ild who wrote (38514)5/9/2002 7:12:29 AM
From: rolatzi  Respond to of 209892
 
I have been trying to pick up more gold mining shares for several months already. The stocks have not hit 50% retracements, nor support at trendlines. My bids have been almost universally too low. I will try to buy some GG today, if the opening is weak since it corrected more than most shares yesterday but in any case, I am not selling. The one up side of being underweighted in the sector is that I have not had the impulse to sell my core holdings for a year now. My shares of the Fidelity Gold fund went long term over a month ago and GOLD will go long term this month. I had lots of trades over the last year, though I'm not sure that I wouldn't have done better by simply holding through the developing bull market.
Ro