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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (7402)	1/8/2008 9:41:25 AM
From: tyc:>	Respond to of 8273

>>Why doesn't it move up then ? What bothers me about hedging is that it detracts from a stock's leverage to an increase in the price of gold. There sure isn't anything wrong with guaranteeing an $801 price, but when the price of gold goes UP the unhedged stock should show greater response. I have little respect for the efficient market, so you are probably right in your expectation that WGI will increase 10% first ! I suppose we should ask others why. For my part, the answer is that in the short term the market is an ASS. Graham said that in the short term the market is a voting machine: we don't have to look far to see what voters can do. LOL !

To: marcos who wrote (7402)	1/8/2008 1:04:46 PM
From: tyc:>	Read Replies (2) \| Respond to of 8273

Postscript: Just talking :.... Another possible answer is this. Surely in all these years we have learned that the only thing that matters is price; so long as the price is going up we have have a trend, and it behoves us to ride the trend. Let market price tell us when the trend is over, just as it will tell us by "breaking out" when a trend begins. Perhaps only when prices trend are large profits possible. Just watch out for MR "breaking out" .