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

To: Roebear who wrote (26874)	8/1/2005 12:08:43 PM
From: longdong_63	Respond to of 108784

Well Roebear, if your nuts then I'm insane. I'm 100% PM's and have been for a week. A little under water but I feel the downside is limited at this juncture.

To: Roebear who wrote (26874)	8/1/2005 1:14:23 PM
From: isopatch	Respond to of 108784

Very true. And, from a sentiment standpoint? There's no question in my mind that we're seeing a classic wall of worry develop, based on most of the posts I've seen on SI over the past week. That makes, the contrarian in me see diminishing downside risk for the seasonally weak August period. OTOH, there IS still risk in the weeks ahead. How do I approach that? As an IT bull (into next year) with a neutral to slightly negative ST read, I'm far from fully invested, at this point. (Current PM stock allocation a bit over 50%). Basically, continue my oft stated strategy - of the past 6 wks - of adding only on good dips and selling only underperforming positions on ST rallies. All FWIW, as the trading styles of others here R going to be different and lead to large variations in allocations AWA holding periods. Isopatch