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

To: gold$10k who wrote (28268)	2/17/2003 2:30:39 PM
From: Louis V. Lambrecht	Respond to of 36161

Me too, buy when there is blood on the Street. Sell when hysteric. <vbg>

To: gold$10k who wrote (28268)	2/17/2003 2:33:23 PM
From: Frank Pembleton	Read Replies (1) \| Respond to of 36161

You mean negative talk as in I'm a contrarian indicator? Personally I've been buying stocks that have tremendous short positions against them -- like Calpine and it's all because of the rising bearishness of the P&C ratio: stockcharts.com[h,a]dboayyay[dc][pd20,2!f][vc60][iuh14,3!le12,26,9][J10278972,Y]&listNum=7 ...at some point that rising trend line is going to be pointing in the other direction-- and that'll be translated into a sharp rally. ...and like I was saying previously-- the markets don't stand a chance at $25+ oil and I can't see where this wall of crude is going to be coming from with already record low inventories of both natural gas and crude. I'm still bullish on gold...but after a major swoon this summer that will finally break "confidence." I'm betting we'll see new lows in the broad markets followed by another financial default or sorts. I'm long on gold after the August-- and for now? I'm holding 4 non-producing juniors which makes up approximately 30% of my portfolio. Regards, Frank P.