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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?

To: austrieconomist who wrote (20600)	1/28/2005 11:20:37 AM
From: schzammm	Respond to of 108745

AE, I agree with your "probabilities" strategy and I normally would be taking some profits. When ever I buy a stock I have a price target in mind and a probability of it achieving that target. After buying then a lot depends on the action of the stock(volume, etc). My target for NTO is considerably higher and I just do not want to be trying to get back in at "a lower price". Also the prices of copper and gold are IMHO acting very well in relation to the price of the metal companies, especially copper. Why sell copper producers with CU prices over $1.40. In fact I will probably add to position in my CU companies today on this weakness. PD $97.12 and FCX $37.12 at this moment look to be buys. Good Trading! Edit: Just added FCX at $36.15(average down?)