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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: cherrypitter who wrote (12489)	8/24/2002 5:36:49 PM
From: chowder	Respond to of 206330

Rich, I don't take your comments as mean spirited. I do think you've taken mine out of context though. For months I have been talking about not trying to catch the bottom. I have been saying it's best to wait on confirmation and give up that initial gain. I have been saying it's better to arrive late, catch the momentum and buy a bigger piece of the action when you have the odds of a "high probability" trade. Most people here have suited up many times, but yet they are still underwater. Most people here have had to buy a ton of shares to buy their way out of a call where their timing was off. Some people here suited up on Monday to catch the bottom but still have no profits to show for it. It isn't about me saying, "I told you so." It's about sharing ideas on how to use the technical indicators to make you right and do it in the right time frame. Jim will be the first to tell you his way has caused a lot of stress and grief. The path I chose offered no grief at all. My path has me up 50%. How many people here can say the same? Guts and glory? Bragging rights at catching a bottom? I'll let others have that honor. I'm only concerned with the timing and accuracy of my trades. The indicators showed me the timing was close. I waited for the confirmation of those indicators, (which is the prudent thing to do by the way), and I pulled the trigger when it was necessary, in order to maximize the trade on a RISK to REWARD basis. I know it looks like bragging Rich, but I thought most people here knew better than that. I found something to help me make trades with accuracy and timing. I've been sharing that information all along. I told folks here, when I sold at the $7 range, that it was time to get out. Most ignored those comments. I think it's best illustrated to show how TA works when I use real live examples. My apologies if it comes off differently. I don't deserve credit for the system, I do deserve the profits that come my way, for being a little better disciplined. I appreciate your comments. I really do! Maybe I can figure out another way to share my information without it looking like an "I told you so attitude." It isn't about me, it's about the system I use, a system that was developed by others. I'm just grateful I was disciplined enough to follow through. I've been attempting to share that system, with the folks here, for months. You are wrong about one thing though. This move was purely technical in nature, but that's my opinion. Best regards to you too Rich. dabum

To: cherrypitter who wrote (12489)	8/24/2002 6:09:39 PM
From: kodiak_bull	Read Replies (1) \| Respond to of 206330

Rich, Thanks for almost bringing a foodfight to BBR, but you'll have to do more than that to get a rise out of DB, I think. One post you missed in your diligent search (some folks have a little tooooo much time) was DB's #12347 (http://www.siliconinvestor.com/readmsg.aspx?msgid=17902504) where, after doing the divergence analysis for all of us the previous Friday he said at 11:04 a.m. on Wednesday that he was buying. That same message, btw, was already in an earlier p.m. to me. A couple of things occur to me. One is if, having done the analysis and bought by 11:04 a.m. (we'll take DB at his word), why buying at 55-57 cents a share wasn't good enough for you? It would make more sense of course if there was a record of analysis and cheerleading on PGO from you but mostly I just recall you saying you were riding JimP's coattails on this one. Hmmmm. I don't mean this in a mean spirited way, but I'm just wondering. Second and more interesting is your statement, without any analysis or reason, that "No, I think it [PGO's rise] had everything to do with fundamentals." I don't think you can back that up; I don't really think you have a clue on this one. Now on the one hand, with PGO everyone is basically lost in the wilderness for 3 months, all fundamental analysis has totally failed and the stock is trading at a price that says it is either a single toilet paper square in a bankruptcy or an option on a future reorg. of some sort. Between 37 cents a share and 75 cents a share (I did buy some at 38, 47, 50 and 75 cents) absolutely nothing changed in the fundamentals of the company. Their earnings didn't change, they didn't sign a big contract, they didn't discover gold or oil on a forgotten piece of property, they didn't find and disclose a new method of shooting seismic. Nothing fundamental changed about the company to warrant the change in price and volume. So there was no fundamental clue as to what was happening. The only thing close to a signal that I've seen on any board was DB's notice on divergence. I didn't buy based on his analysis but rather on the short, squat fat little candlesticks that often signal a basing bottom in a dog, and on the view that if it wuzn't going bankrupt I might as well add to my menagerie of options without expiry. Of course I'm very ready to read what fundamental thing there was which permitted you to buy (assuming you did) at or near the turn, but I don't think it's there. There is still nothing fundamentally changed about this company in months, the only change is a technical one (or patterns and signals which could be discerned by careful perusal of price and volume data). Yet TA pretty much showed the way down and indicated that the bottom was in, even showing, at least to DB, the turn. What you don't understand is that a lot of PGO discussion goes on in P.M.s out of respect for the thread and (perhaps misguided) respect for people who bought on the fundamentals at $6, $5, $4, all the way down. That is (and others may back me up) because friends may be holding long positions contra TA, there's no reason to throw it back in their faces that the stock is on a railroad down. This isn't Yahoo, after all, or the old SD. If you check diligently (you've obviously got the time), you might check out DB's reflections on why he wasn't interested in buying PGO at $6 and his more than gentle and carefully worded warnings to those who did. As I said, I don't mean this in a negative way, even though it may sound like it, but what the %$#@ are you talking about? Yr buddy, Kb