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Gold/Mining/Energy : A to Z Junior Mining Research Site -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (3485)	2/27/2003 6:03:04 PM
From: Little Joe	Read Replies (1) \| Respond to of 5423

Jim: As long as the market is not performing in accord with my fundamental analysis, which is similiar to yours, I have to consider the possibility that I am wrong. That is all there is to it. I have in the past and see now that others get so married to a position that they are emotionally involved in the resolution and cannot extricate themselves because they are not psychologically prepared to do so and in the end it really is easy to make money in the markets if you can divorce yourself from the psychology of the market. I used to be as certain of my positions as you now seem to be, but I have learned that it is often a prescription for disaster. I am trying my best to maintain an open mind and constantly look for evidence that I am wrong. Presently I am worried because if things are as bad as they seem to me the market should be plunging. Yet recently it has been giving little ground and is very stubborn about going down. This is enough to make me cautious. In fact I recently closed out shorts I have held since December January and am mostly in cash except for core gold and a few juniors. I also have a small position in Goodyear calls (leaps) which if the market does a U turn could be enormously profitable and if not will result in very slight losses. I hope we both make a lot of money regardless of what happens. Little joe