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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (1881)	11/6/2003 7:50:18 AM
From: russwinter	Read Replies (2) \| Respond to of 110194

What you described on gold stocks is an exact duplicate of what's happened to me. I did some large selling (of a huge PM portfolio) in early Sept. I had some names that were going long term in Sept-Nov, and some more in Dec, and I just prayed they would hold on. Instead, a number of them have run up another 30-50%. I'd be sitting there one week from going LT, and muttering, "what idiots, please give me another week!". Oh well, I'll take it. I kept about half of CAU thinking I'd get into next year for tax purposes, but that POS ran up to 2.75 (from 1.95) in about three days, and I had to dump it yesterday for STG. Agree that PM stocks are in a bubble phase too. I still hold energy stocks as they actually DESERVE to be marked much higher. They are making more money then anybody, but are strangely neglected. I find that amazing given that the specs/bubbleheads have played everything else. I suspect they may be where PMs were in late spring. A little cold weather or positive global developments and the bubble will be on there too, even if the broad market declines. That's what happened in the early 80's. Unfortunately (at least to date) I haven't been afraid to short this bubble, and it's cost me some of the excess profit made in PMs. Oh well, the last 30% blowoffs in PMs were gifts anyway, so what goes around, comes around.