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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?


To: steve from ihub who wrote (6022)5/5/2004 7:19:48 PM
From: SwampDogg  Read Replies (1) | Respond to of 60918
 
Nothing wrong with the performance today that I can see. I actually did not really want to see a straight shot correction higher as I would have a quick trading decision to make and this was not meant to be a daytrade. A little backing and filling on lower volume is very healthy.
One would expect some gold stock owners to sell on any weakness at all after this correction. Bought more SAs today.



To: steve from ihub who wrote (6022)5/6/2004 8:56:08 AM
From: steve from ihub  Respond to of 60918
 
miners gapping down today. my premarket indications are for a drop of 1-1.5% which puts the xau in the 83-83.5 range which is the highs of the few days before the big DCB bounce day.

imo they need to find bids there and rally out of that hole hard or the lows of last will be tested and most likely taken out this/next week. the only thing that would keep me optimisitic is a strong rally out of this drop. closing at the lows and i will deeply regret not lightening up on tuesday, even though it was still at a stiff loss.