Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Roebear who wrote (27943)	2/11/2003 10:35:06 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 36161

["Against your insinuation that it is not going anywhere from here....You ARE insinuating that, are you not??"] No, I am NOT insinuating that at all. My point was entirely about: ANTICIPATING vs. RE-ACTING It should have been ANTICIPATED that we'd see massive profit taking on the already openly known very positive earnings/production stories sector-wide. I've long had the May 2002 HUI 150 run in the Bank ...now along with this recent 2nd bite at the HUI 95 to 150/POG $380 Apple we just exited/sold. $380 to $425 Gold (with probable HUI 180-200+/-) is HIGH RISK - LOW REWARD territory people... the ANTITHESIS of smart CYCLICAL Trading & Investing. I still have some way out of the money calls & leaps on the longside out there on goldstocks (not that much) and I'm short CEF as posted when I went short....other than that, right here - right now @$380 to $425 POG - you guys can beat your brains out in this no-thinking-mans land...I don't want any part of it...it's no-mans land...ie: low reward - high risk. $425-$450 is where I buy puts heavy, along with some open shorts....as I think that's where history has dictated that the reward is in cyclical volatility back to the downside...especially in the goldstocks/HUI. The BIG & EASY MONEY - has already been made in Gold poeple ! ...Elvis has already left the building.