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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: Andrew who wrote (991)11/10/2003 1:55:57 AM
From: Wade  Respond to of 48092
 
Not fast enough<G>.

I did much better than Scudder fund until recently I started loading up blue chip gold stocks, plus AEM this big loser<VBG>.

I started my core holding of GSS mostly from 0.6 to 1.5, and BGO from 0.3 to 0.7. Both still are my most favorite stocks. But, I feel this is the right moment to add the blue chips. Boy, I am not used to their speed at this situation. These big stocks have too many baggage to carry until POG break out $400. Then, it will be the perfect timing for the big run.

I traded around CDE, GG and DROOY a lot, even on GSS and BGO. I plan to replace trading with investing, because I think this is not the time to fool around any longer. We better have all of the barrels loaded before the big day, if it comes, of course. Besides, I still need to take care of my real money making career which is a sure thing than playing stocks. I almost got carried away<VBG>. We still have a long ride. How much you can make when all is over is mainly depend on how you ride it.

Time machine? I found the best time machine is to learn other people's or my own mistake and figure out a better way to deal with the same situation if I face it again. So, we gain extra advantage on other people's time. Another thing is hungry for learning. There is no other short cuts to be better and better besides learning new trades continuously. SI is the best investment time machine around...so many wisdom for us to learn. Actually, we are in the time machine already<VBG>. God speed ..... zoooommmm....

Sincerely,
Wade



To: Andrew who wrote (991)11/10/2003 8:16:56 PM
From: Wade  Read Replies (1) | Respond to of 48092
 
I will call the trading actions of the gold stocks were "struggling" despite very good upward POG movement.
Is this the first bearish signal? Or, were people shocked by the negative notes about IVAN? Or, just waiting for other idiots to hit the resistance?

I bought some ABX any way. And, sold most of my GSS at 5.50. Good luck.

Wade