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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Probart who wrote (88233)	7/23/2002 2:25:07 PM
From: long-gone	Respond to of 116752

don't ask me.

To: Probart who wrote (88233)	7/23/2002 3:00:41 PM
From: goldsheet	Read Replies (2) \| Respond to of 116752

I think you should have cashed out some of the gains in early June, and be looking to re-deploy profits, but not make new investments. Call my gold trading theory - "speculating at the margin with your profits" Here's an example of the way I think the game should be played: Let's say you bought GFI around $5 and you watched it get near $17 in early June, sell half and take your money off the table. You could have bought some of back in early July closer to $11, and if lucky traded it out when it got near $14. If you didn't trade it, the transaction still lowered your cost basis. If you did nothing in the interim, you are in the position of looking to buy back shares sold at $17 closer to $10. It can actually leverage your position, if you reinvest proceeds instead of just replacing shares. The $1700 made selling 100 shares can now buy you 170 shares, 70% more fun ! Anyway you look at it, it's better than "buy-and-hold". Sure I have taken profits and watched stocks continue to go up, but more often than not gold stocks are volatile enough you can take some profits and usually replace at lower prices.