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

To: Frank Pembleton who wrote (30366)	4/17/2003 3:19:38 PM
From: onedrill	Respond to of 36161

Back to 100% cash here today. Pulled the plug on technical over bought indicators. Will wait for awhile and watch to see how this next week or so shakes out. $ looks like it might reverse up for the S/T. Cha-ching 4+ big ones in cash register.

To: Frank Pembleton who wrote (30366)	4/17/2003 3:48:32 PM
From: isopatch	Respond to of 36161

Frank. <a bear market in "all" equities?> The final washout phase of in a Bear Market usually takes everything down. If it's a stock? It goes down. That's why my only holdings in the yellow are physical. The worst that can happen in the ST? If I'm wrong (and it's been known to happen:o)) what's the worst thing that can happen? Gold stocks blast off to the upside and I'll simply make a smaller gain in physical gold. However, if I'm right, and this major Intermediate Term correction in the PM sector has further down to go before it makes an important bottom, my physical position (pur when spot averaged 311.50 $US) has a relatively small %age risk. PLUS there's the consideration <Capital Preservation> which you and I have noted never seems to get into the discussion on other web threads. And the most sweetest capital is the pile of profits one has most recently harvested from the latest generation of bag holders<G> ot/BTW, fwiw, decided to ignore the baiting from the bozo who doesn't know how to to post anything but cheap shots since he came here, yesterday. I'll leave it to you to decide whether or not his - off topic - blather is worth putting up with. Rock on, Isopatch