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To: H James Morris who wrote (142544)5/26/2002 9:19:44 AM
From: David Zgodzinski  Respond to of 164684
 
rolling the stops up makes sense.

I have gold stocks that have been sitting for a couple of years and others that have joined them in the past few months. The buy and hold strategy is starting to work for them but there's bound to be a shakeout. With some smaller companies, the recent price rise has made the difference between bankruptcy and profit, so those stocks definitely deserve to be trading at the new higher levels.

I don't think we'll break through $330 quite so easily. It may take a couple of months. (maybe the fed actually raises rates a quarter point in June to defend the dollar - that sort of thing should hold it back) So I assume the stocks will back off from this current run if we don't go straight up.

But it also seems that the longer trend is higher, because of a bunch of fundamental reasons. So in re-evaluating the strategy, that 15% stop looks like a good plan. Not sure if I'll be smart enough to adopt it, though ;0)



To: H James Morris who wrote (142544)5/26/2002 11:18:29 AM
From: Glenn D. Rudolph  Respond to of 164684
 
"I still think gold is too heavy to carry around, and you can't eat it either."

Gold is carried around by many people in the form of wearing jewelry. I am "nit picking" but actually gold is one of the few if not the only metal element that is not toxic when ingested. Gold will not digest when ingested and has no nutritional value. I suggest those that are eating it, to eat it in the form of shavings maybe like what is found in a bottle of Goldenschlauger (sp).

Personally, I will go with steak or lobster for meals.