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

To: RonMerks who wrote (5029)	4/21/2007 10:37:58 AM
From: maxncompany	Read Replies (1) \| Respond to of 50465

Since you're using a specific stock, Goldman, to compare to a couple of indexes, then I will too. Aurelian knocks the socks off Goldman and most anything else during that time frame. Yes, that's cherry picking, I know. But how many of us on SI buy an index versus how many pick individual stocks? Most here buy stocks. The HUI being down doesn't mean all gold traders lost. I distinguish between gold traders and gold bugs, as there are far more traders than bugs. Now is gold and the HUI about to turn down? Well, it is getting to be that time of year. Patterns are made to eventually be broken, but until that time, it can be painful to fight established patterns. So until proven otherwise, traders should be halfway out the exit already. If the pattern breaks, one can easily step back in. If not, the trader completes his exit before major pain occurs. Traders, not bugs.

To: RonMerks who wrote (5029)	4/21/2007 4:55:34 PM
From: ecrire	Respond to of 50465

Slider's very infrequent posts are a literary delight but their market messages are hard to comprehend. I'm sure he has made some outstanding calls, as you say but in the past year or so, his theme has been negative throughout while Gold has travelled between 520 and 690 or so. You want to call that a "trading range" if you like but it's certainly a large move to have missed. In any case, we're now talking about the future and the usual disclaimer applies: "past performance is not an indication for future results." I do agree with you that most "gurus" and newsletters mostly push the long side because that sells subscriptions.

To: RonMerks who wrote (5029)	4/21/2007 6:40:13 PM
From: inchingup	Respond to of 50465

"Go add up how many index points you would have bagged by simply following that chart." Easy to say in retrospect. Real easy. "And that lesson is to not let your emotions and your beliefs cloud your trading vision." I rely on my DD. If emotionally my stock looks like a winner, and I believe it will go up, I buy it. "Now honestly tell me with a straight face that exiting last May and then playing the 'TRADING RANGE' as the SOB has posted now 17-20 times- was not the play?" If I could make ten perfect calls like that in a row I'd be making an offer to purchase the Bahamas, all inclusive. So would you. Get real. "That May collapse was as bad as the collapse back in 1980-81. It didn't just crush the hopes and dreams of gold bugs. It tore out their heart and stomped on it." I've owned physical since it was in the very low 3's. It didn't bother me a bit when it tanked and still doesn't worry me today. If I had put real $$$'s in the bank and collected interest instead of buying AU, I'd be substantially poorer, even if AU dives back to $500.