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

To: Canuck Dave who wrote (7145)	4/21/2004 2:47:15 PM
From: TheSlowLane	Read Replies (1) \| Respond to of 313175

CD - I assume that's why some are saying that 390 is a critical level, because that's where the 200 day is. My base metals stocks had been given me some comfort during previous PM downturns but they are getting hammered here too, despite delivering blow-out earnings. Falco and Inco just earned $1 and $1.20 respectively in the first quarter and are getting sold. Inco is testing its 200 day for the third time. I was hoping twice would be enough but it smacked its head on the 100 day after the 2nd 200 day test and is back down at the 200 now. Base metal prices have backed off quite a bit but even at these levels these companies are still going to be making fistfuls. Of course when people are fleeing the markets in a panic I wouldn't expect them to stop to glance at earnings, but geez, enough is enough. Or is it? Yow.... Paul