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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Frank who wrote (21621)	4/14/2003 8:24:52 AM
From: chowder	Read Replies (2) \| Respond to of 206324

Frank, I think you have mistakenly mis-characterized my investing strategies. <ggg> I constantly look at the fundamentals of a sector and individual equities. I just don't consider the fundamentals in my buy and sell decisions. If I happen to see the technical indicators lining up on a company with decent fundamentals, I'll choose that one over a stock with good technicals and poor fundamentals. I will buy a company with poor fundamentals if the technical indicators are lined up properly but, I'll never buy a fundamentally sound company with poor technicals. HOFF does look like it's going to pull back here. I'm not sure how far though. It came right up to the 50 dma, a major level of resistance, and it has started to pull back. This profit taking opportunity is a combination of a technical move, (as I've mentioned, very few stocks break through resistance on the first try), and you met some serious overhead supply. The 3.60 - 3.90 range has the largest position of overhead supply. These are people who thought they were hitting the bottom when the price was falling and the price kept falling. These folks are selling as they get their principal back. We should see some more volatility in this price range. dabum