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

To: jim_p who wrote (24946)	8/6/2003 3:07:30 PM
From: chowder	Read Replies (2) \| Respond to of 206361

>>> Your move to sell in the mid 5's was a wise move, but when it starts to recover getting back in at a lower price might be difficult?? <<< You are probably right but, it's not the price that I focus on. I know that's difficult for some people to understand but, it's the movement I want to catch, even if it's $6 or $7. One of the main reasons it's difficult for people to show consistent profits is because they worry about price. They let a stock go because they don't want to pay up for it and the stock goes on to huge gains. They buy at a low price and end up having their money sit while the stock goes through a basing or consolidation period. It's the price movement I'm waiting on. Nice volume today, I want to see some follow through tomorrow. I want to see a level or two of resistance taken out before I get back in. I don't need the glory of catching bottom dollar. I'm looking for a high probability trade. Let's see that momentum continue and I'll pull the trigger. dabum

To: jim_p who wrote (24946)	8/6/2003 3:19:56 PM
From: kodiak_bull	Respond to of 206361

Jim, On RRI (it's almost a homepage for me, since it's my stockcharts standard chart I call up for all charts), it's produced its first SAR buy signal today in over a month. I think that means it's a tradeable stock (whereas EP is not, at least not here), but for what time period? The last time there was a SAR signal the stock went sideways and then down but at a slower pace, so it might be better to think of this first signal as one for shorts to cover, but not yet go long? A 15-20% correction in this market (which seems reasonable from these levels) could suck all the buyers out of all names, and then you'd see all the RRI owners in the $4-5 range head for the door at once. Another really negative looking stock here is OMG. Ouch. Kb