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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (96054)	5/26/2002 10:56:57 AM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 132070

KT, >>And there is the best risk that this is a major bull market, but it takes out all the leveraged gold bugs with a big dip to $280 or so before continuing to move up. That is the one where I assign the highest probability. I also agree with this scenario as being a likely one. Markets will send people selling to protect profits and they all try to get out the door at the same time. <g> Joan

To: Knighty Tin who wrote (96054)	5/26/2002 2:16:26 PM
From: shadowman	Read Replies (1) \| Respond to of 132070

Gold...I've been buying and selling gold stocks for the last 2-3 months. The "bull" has been alive and kicking in that sector. I've found that buying on down days and setting reasonable stops has been fairly profitable...if the particular gold mining stock(s) share price goes up, I move the stop loss up. If not, I'm stopped out for a relatively painless loss...c'est la vie. The percentage returns have been good...the actual amount that I've made wouldn't buy a new Lexus.<g> Not betting the house and I've limited my exposure to a modest percentage of my portfolio. As KT says the probability of a healthy dip down to the $280 area is possible....if it does dip, I'd probably look to up my percentage exposure at that time....depending on general market circumstances.