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

To: Frank Pembleton who wrote (25272)	1/10/2003 11:21:25 AM
From: ItsAllCyclical	Read Replies (2) \| Respond to of 36161

Given the Naz action on ignoring the jobs report and breaking 1447 and the 200 dma to the upside I lightened a little bit on my gold positions. Still about 35% portfolio weighting. I suspect I'll add back next week if we go a little higher, but I may wait to see if we break 1520. Still very comfortable long term, but getting a little cautious short term. For the most part just looking to reposition within the sector if we get a pullback and this morning the bounce allowed me to do that. Congrats on finally picking up RRI, but keep some cash handy as there are gaps around 2.85 and 3.85 that may get filled. More than likely 3.2 to 3.5 should provide strong support on any pullback. Funny how I entered heavy in RRI before anyone on BBR, but never get any credit. Oh well. investorshub.com