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

To: CommanderCricket who wrote (22135)	5/2/2003 5:28:18 PM
From: chowder	Read Replies (2) \| Respond to of 206087

CC, I looked at MIR earlier today and passed. It may go up from here but, it looks more like a speculative play than a solid trading or investing play. Pull up the same chart for RRI that you did MIR. Look at how RRI is under accumulation. This is an indication that institutions are buying. The type of buying that puts solid support under the price. MIR is still selling off into rallies. Look at the Chaikin Money Flow Indicator. Money is flowing positive into RRI, negative into MIR. MIR is churning whereas RRI is trending. RRI has nice steady volume patterns, MIR is very erratic. Again, I'm not saying MIR won't rise from here. I just think RRI looks better technically. I would rather buy more RRI than spread my risk by adding MIR at this point. I think adding MIR adds to my risk level, looking at it from my perspective. I could change my mind in a few days but, that's how I see it today. MIR may have closed above the 50 week moving average but, I don't like that long wick on top of that candlestick, especially with all of that volume. I would have preferred to see it close near the high of the week. dabum