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


To: onedrill who wrote (27748)2/9/2003 1:21:03 PM
From: SliderOnTheBlack  Read Replies (1) | Respond to of 36161
 
Onedrill re:["Whois buying all this stock that are being sold here? Not just me I suspect. "]

WRONG question imho.

#1 - You should be asking - WHO is SELLING all of this Stock that is being bought here ?

2nd question; is WHY are they SELLING ?

Answer to #1 - is the Early Movers on the Gold Cycle and the Hedge Funds that will NEVER fail to bank a run like we just had.

Answer to #2 - is because they can (because they didn't buy anywhere near here (vbg) and that the market has finally caught up to the Gold Story...sentiment has moved from extremely bearish to now extremely Bullish...GOLD is no longer a secret here people... we now have broadbased expectations of significant new highs/speculative upside ....a no-brainer Exit to the Pro's imho....and once bombs start falling in Iraq and when Gold doesn't Ramp...but, in Fact does exactly what it did in the Original Gulf War ....THAT my friend; is when the trap door opens...and we correct hard & fast - ala last years 60 Point + 7 week correction; including 35 points in just 5 days.