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


To: crdesign who wrote (5375)5/24/2007 3:50:37 PM
From: RonMerks  Read Replies (1) | Respond to of 50234
 
Tim- tis a reason for the season!

Now stop and think about this for a minute.

If we are truly gold and silver bulls- shouldn't we be E-freeking-static when gold and silver are crashing and we can buy back our shares on the cheap that we sold much higher?

Shouldn't we be selling when everyone else is buying- and buying when everyone else is selling?

If that is affirmative- then ask yourself this question-

Why isn't everyone else's mood, sentiment and cheerleading following me?

Ron

Ps- Since I'm on fire- I'm buying more URZ that the U-bugs are puking up on margin calls here.

Let's see if I can do ANOTHER 24 hour/25% popper <vbg>!

The bugs wanted to see if this old dog could do some hit & run trading- so here it is!

Notice on the URZ chart that the stock is declining on declining volume.


The reason for that is simple- because 'bugs are getting forced out on margin selling. I would expect funds and un-margined traders like me, to step into the selling and buy.

Now I dont know if I'll get another 15-20-25% turnaround in 24 hours, but this is just a little 'contrarian' trading for some 'mad money.'

It's obvious that the euphoric sentiment of the bugs got them caught on the wrong side of yet another sell off. I'm just taking advantage of the over-leveraged/high margin interest in FRG & URZ and using it against them.

I'm thinking I get a tradeable bounce within a couple of days.

Over & Out,

Ron