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

To: Bearcatbob who wrote (7300)	4/24/2004 10:04:05 AM
From: rubbersoul	Respond to of 313175

Bearcatbob, Yes, companies dipping below their 200 dmas is a cause for concern if the problem is company specific. However, if a company dips below its 200 dma only because a sector has become unfavourable, then a contrarian investor would buy those companies (with nerves of steel) and hold for the long term. Now to me, doubling up on RNG, MNG, GBU, etc...as Russ has done below their 200 dmas and waiting patiently till the herd comes roaring back to gold and gold stocks is a pretty good strategy as long as the fundamentals for gold or the company doesn't change. And there is nothing that I have read recently that says the fundamentals favourable for investing in gold will change in the ST, MT, or LT. This was what I did during the first half of 2003; I bought gold stocks earlier on in the year when no one wanted them (WHT/WRM, GBG, CBD, and others) waited patiently and was rewarded. Some of the stocks did move down further after I had bought them but the downside was minimal. The upside was euphoric. You and many others (with much more knowledge and experience in the markets than myself)who I respect on these boards are playing it safer and perhaps smarter, and I would like to play it more cautiously as well. Summer is only 2 months away! Cheers Bearcat, John