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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: A Horse With No Name who wrote (12630)	6/18/2003 1:35:19 PM
From: gold$10k	Respond to of 39344

bengali, IMO, if I wait to act until the breakout is confirmed, much of the advantage of the current situation will already have been lost. What if there's a breakout above 160... do I buy then? What if there's a subsequent pullback to the breakout point... do I sell... do I buy more? So many possibilities, although some are more likely than others. Everybody needs to do what makes them comfortable. It pays to have a game plan. Here are a couple... 1. Just hold because ultimately it will pay off. 2. Keep a core position. Sell some into strength, rebuy some on weakness You can read my past posts to see which juniors I like, but I tend to buy and sell them based on their technicals. Unless you're strictly a long term holder, buying and selling without an awareness of the technicals IMO is like driving without a roadmap... you may ultimately get to your destination, but in a much longer time and with many more twists and turns. Currently I am accumulating NGX-T (Cu/Au) around C$1.40, SUF-T (PGM's) in the C$5.40's, ANO'U-V (Au) in the low C$.70's, and MFN (Au/Ag) in the US$5.80's. This will change as the technicals change as I choose from an "approved" list of about 25 juniors. Good luck, vt P.S. For a highly leveraged pig, I still like MNP-V. <g>