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Pastimes : all Bear Clowns Will be destroyed -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (586)	5/24/2002 2:28:26 PM
From: isopatch	Read Replies (1) \| Respond to of 701

Hi Bobby. No undiscovered ones that I know of. Some of my cannuk friends have been moving down the food chain for months to where a few of em are heavy into very low priced and thinly capitalized penny stuff that's way too hi risk for my taste. But trader taste aside, a big jump in the highly speculative plays in a sector is one of the things you usually see when an intermediate term top is close at hand. Quite a few PM charts are in parabolic mode and an awful lot of new bulls have arrived on the scene. Looks toppy enough to me that I did a lot of selling into the strength on Wednesday. BWDIK?!<g> Add all the PMs stocks together and the total capitalization of the sector is tiny. Arrival of the mo mo gang to a thin sector like this can drive it straight up for awhile before we get a correction of any consequence. But whenever the intermediate term top occurs, once it's recognized by this trading crowd, prices are going to leap frog a lotta protective stops with a correction that will likely be sharp and steep. A typical bull market correction, in other words. So fwiw, IMHO, if you're going to ride this rocket closer to the top? Better to shift to or - if you're already in em - stick to the mid and large caps names here. The small caps and especially the pennies are going to maroon a lot of the less experienced players who've gotten hypnotized with their huge paper gains. JMVVHO, Gotta run, Isopatch