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


To: excardog who wrote (26630)10/24/2003 7:32:25 PM
From: chowder  Read Replies (2) | Respond to of 206327
 
Cardoggie,

I think Tex is right. A news related incident or something similar will be the catalyst in the near term. If we got a "slew" of upgrades at once, that might work too.

With the volume drying up, as you mentioned, this is actually bullish from the standpoint that the selling is drying up.

I think it would be prudent to have selections in hand for a news announcement or slew of upgrades. I'd play it quickly as to maximize the event. The short covering that will accompany it will be helpful in getting people off to a good start profitably and provide some downside protection.

I still think guessing at the bottom is dangerous. The market will let us know when to go.

dabum