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

To: ralfph who wrote (18758)8/30/2003 2:01:04 AM
From: Little Joe  Read Replies (1) | Respond to of 39344
 
Hope you don't mind me butting in but just read a great article on technicals and at the end he addresses the issue of an exit strategy. This is very similar to mine.

gold-eagle.com

"If we get lucky and keep on going up into the stratosphere, that would be great. And if we don't, well that's fine too because I made my money. One thing I won't do is liquidate just because we have a big move up. Just because something is overvalued doesn't mean we have to sell it. As the NASDAQ taught us, the sky is the limit when it comes to overvaluing a stock. As long as the market is acting fine, I am more than willing to let my profits run."

Little joe



To: ralfph who wrote (18758)8/30/2003 2:11:15 AM
From: gold$10k  Read Replies (1) | Respond to of 39344
 
<<So when is the next wicked correction coming>>

I don't know and I don't care too much. I have found the balance point that is comfortable for me. I was also somewhat serious when I previously mentioned that I need a break from trading. It's been non-stop since March and I was getting a little too glued to the short term action.


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