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Pastimes : The Hot Button Questions:- Money, Banks, & the Economy -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (410)	9/4/2003 3:44:06 AM
From: maceng2	Read Replies (1) \| Respond to of 1417

Question and answer... Q. Do you put stops in on miners when the market either: (a) Tanks and all stocks fall off da cliff? It could be possible buy them back cheaper. Answer no. Market maybe volatile and busy for many days, trades busted, all sorts of confusion. Trim positions to keep set cash percentage occasionally. (b) Goes to da moon? Answer no. There is lots of data to suggest that miners are being bought as a hedge. Stops are always being tripped and miners will be volatile. Trim positions to keep set cash percentage occasionally. Use market fundementals as decision point when to exit positions (probably not for a while.. Maybe decades) 60% to 70% miners, 30 to 40% cash in one account (margined). 50:50 in another (non margined). A bit wild I know, but for J6P insurance against financial troubles, I think it's about right.