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

To: cyesp who wrote (42196)	4/20/2005 9:12:16 AM
From: chowder	Respond to of 206338

Cy, yesterday's action with UPL and the rest of the energy sector is exactly what I was referring to when I said buy strength and not weakness. KB and I both stated that our scans were showing quite a few energy related stocks that looked like they were ready to turn up. Most of them gapped at the open. This is where you buy a stock, not while it's dropping. By waiting for the reversal, you have an immediate profit. Now you can mange a position as opposed to be losing money and trying to average down. UPL rose 8% yesterday yet nearly half of those who bought as it was falling still don't have a profit. Waiting on buying volume to show up, like it did on Monday, is the prudent and professional way to enter a position. stockcharts.com[h,a]daclyiay[d20050120,20050420][pb50!b20!f][vc60][iut!Lah12,26,9!Lc20]&pref=G I hope your trade is profitable. Good luck. dabum