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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?

To: J D B who wrote (11584)	9/12/2002 1:08:29 PM
From: James Strauss	Respond to of 13094

I'm a little gun-shy of precious metals today. Yesterday I picked up 30,000 shares of DROOY at an average of $4.07 - thought I had the buy of my life! Well, I let myself get scared out of the position on the rapid and accelerating run in equities and corresponding drop in POG; I ended up selling my position out at $4.05, a $600 loss. In hindsight I should have hung onto my position for a $15,000 gain at today's high, but I was concerned with capital preservation in a very wierd market! J D B: Nothing wrong with capital preservation... The chart shows that 4.70 needs to be passed or the trend could be down in the short term on this stock... bigcharts.marketwatch.com Jim