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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (14933)	6/30/2002 1:10:24 PM
From: onedrill	Read Replies (1) \| Respond to of 36161

A funny thing is happening right now and that is that the market, the dollar, and Gold are all headed down at the same time. This dosen't happen often. Some sort of directional change is about to happen in one of these markets. My personal guess is that the news for the 4th is 'No News' which will help move the dollar and the stock market up and gold down in the near term. As always it will be fascinating to participate and learn. And I agree what ever happens will be drawn out a as confusing as usual. thanks for your opinion!

To: Crimson Ghost who wrote (14933)	7/1/2002 6:06:31 AM
From: TheBusDriver	Read Replies (2) \| Respond to of 36161

<<Slider has the right idea here. >> Disagree somewhat here George. I'm holding for the long term with quality stocks. If you are a trader then ok fine trade the ups and downs but there is a lot of evidence that the average investor actually will make LESS money this way not more. No problem will locking in some profits, I have done so myself but I am only 15% cash right now and have no plans to sell what I am holding. I could change my mind without notice but that is my feeling right now. <<Never allow a substantial portion of your profits to vanish waitng for something that probably won't happen.>> You seem to reverse yourself here. On the one hand you think this is a sharp correction in a bull market on the other you want to take profits so that you don't lose them waiting for "something that will never happen"?? I'm not staying invested because of a 1 day explosive rise but because I think we are in a bull market and I see no FA changes in the stocks I hold so why sell now? Wayne