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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (1506)	5/11/2006 10:06:50 PM
From: SliderOnTheBlack	Respond to of 50088

re:["...of course, slider doesn't mention what a person who might have one contract in his fave metals should do...what of it slider ? if a person had one contract of palladium, and one of silver, would you suggest they keep it or sell it ?"] Nothing has changed since the begining of September 2005 and Palladium & Silver's outperformance of gold: Here's what I said back in February as far as the Palladium trade: Message 22199195 ["For Palladium: I've been moving up the buy points from $240, to $260.... and sell points from the initial move thru $300 (which was huge technically), up to $320 and I think we see $340+ on this move and ultimately, I will be very surprised if we don't see $400 Palladium taken out before any significant "stop outs" occur."] We'll we got the move to $400 without a stop out. Same Chart -- same trendline intact... stockcharts.com As long as Palladium stays firmly in this bullish trend -- I'm just continuing to sell into strength by ringing the bell on any & all spikes along the top of the channel and reloading on the pullbacks along the bottom of the channel. Since the entire commodity complex has become so speculative and in some cases -- parabolic. I'm not waiting to get taken out by stops on pullbacks... I'm selling into each new leg up and then tightly raising stops & re-entry points up behind each new move. For Palladium, I've ratcheted the stops up to $377 from $343...and will sit back and wait for perhaps a complete correction in the metals complex before re-buying anything other than a major pullback. Silver gave me a case of whiplash with that incredible parabolic ETF spike. I think the case can be made for that $11.63 print as a prudent stop...but, I'm playing it tighter here...at $13.21 because it's been "too easy" and the entire metals complex has become the speculation du jour... Earth to SI'rs: When James Cramer starts pimping $3 stocks like Euro Zinc and is once again making the rounds from Katie Couric in the a.m. to Jay Leno in the p.m.....and the temp from the secretarial pool is talking about Moly & Titanium...that's about as much of a 1999-2000 Internet & Tech bubble deja vu all over again -- wake up call as one gets. "Pigs get Fat -- but, Hogs get Slaughterd" If you were both EARLY and LEVERAGED...there's no reason to ever play the fools game of trying to be the last bull standing atop Mount Parabolus... The Rule of the 4 b's: 1. Be ridin' the right bull 2. Be early 3. Be leveraged 4. and never, ever, EVER -- be caught hanging around at last call. It never fails to amaze me that the masses in virtually every leg of every cycle, all become like gnats around a street lamp at night...when, it comes to -- "the top." The Big, Easy and FAST money is made by being right about the bottom... not the top. Be right about the bottom -- and you won't have to worry about being right about the top. I think a lot more people would MAKE...and more importantly KEEP, a lot more money -- if they worried less about missing the top's...and instead, focused more on getting in early and getting in large -- at the bottoms. ...although I'm sure that seems a bit contrarian in this era of speculation. Let's hope and pray -- it continues to be, for years to come. SOTB