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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: whitepine who wrote (40069)	3/11/2005 8:52:48 AM
From: chowder	Respond to of 206223

>>> What are your views about the low price for the next 6 months: PTEN XOM, for example? <<< I don't have a clue. I don't try to predict where a price may be in the future. It creates a bias which is difficult to overcome and keeps me in a stock longer than I need to be. I prefer to monitor money flows and volume. Based on that criteria, I then try to determine if the price movement will continue in the direction that money flows indicate it will. I prefer to see if a stock is being accumulated or if it's under distribution. Price to me is meaningless, other than it's either rising or falling. I monitor the trend and try to determine if it will continue. dabum