Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: TheBusDriver who wrote (23)	8/18/2003 9:35:57 AM
From: gold$10k	Read Replies (1) \| Respond to of 29622

Hi Wayne, I don't have one comprehensive method of deciding when to sell, except perhaps my continuing attempt to remain emotionally market neutral, so that I am relatively unconcerned about whether gold shares go up or down short term. If I start hoping too much that gold shares rise short term, then I probably own too much and should sell some until I don't care about the short term outcome. I use XAU and HUI as sentiment indicators and usually assume that if XAU and HUI are not rallying, then any individual stock rally will not last. When one of the aforementioned indicators is flashing sell, I will tend to sell stocks that are approaching/at resistance or otherwise overextended. Sometimes I will sell a stock which is at resistance in order to buy another which is at support while maintaining the same balance (% of investment). If I have acquired an oversized position of a stock, I will sell a portion when it reaches 1st resistance for more than a 20% gain even if I am confident that it will go much higher. That's all I can think of at the moment. Thanks for asking the question as it got me thinking about my own decision making process. Best, vt