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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: Canuck Dave who wrote (1301)12/23/2003 3:08:42 PM
From: Louis V. Lambrecht  Read Replies (1) | Respond to of 313620
 
Should analyze the metals deeper, first feeling is that they are a tad overbought.
Metal eqities also had a nice move, also a tad overextended.
IMHO, this is a "China effect" bubble soon to be corrected.
Am not a buyer of metal equities at this level.
There is no economic recovery, just a rotation in the production centra. Someone has to buy production, and there are no buyers, hence, no buyers for refined metals, hence, no buyers for producers. Even China has to find buyers.
IMO, "big" mining stocks already are moving back to "normal".
I prefer to buy below "normal" <g>.



To: Canuck Dave who wrote (1301)12/23/2003 3:16:04 PM
From: Claude Cormier  Respond to of 313620
 
<I got some of those CKG shares at 3.81,>

No big deal... a 2-3M gold sicovery in 2004 will move it to $20.



To: Canuck Dave who wrote (1301)12/23/2003 3:17:47 PM
From: Eva  Read Replies (1) | Respond to of 313620
 
Dave

I sold some WRM.WT Have way too much) and bought some more CKG today
yesiree, the 3. day of me buying CKG, and I am not done yet.
CKG is my biggest holding and used to be about 16% of my PF, but later went ahead and now, I have to keep up and buy more CKG, lol, lol

Cheers
Eva