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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (108824)3/17/2008 5:01:47 PM
From: SwampDogg  Respond to of 312793
 
Enjoy the dime while it lasts (that would be until tomorrow)
There is no way to see a bearish scenario here TA wise. Worst would be some sideways chop

stockcharts.com



To: Rocket Red who wrote (108824)3/17/2008 5:07:01 PM
From: SwampDogg  Read Replies (3) | Respond to of 312793
 
Shorting a power trend is not a way to win.
You will win for a couple of hours or a couple of days but it is not good risk/reward. It is "gambling" as you would say and it is playing to lose.
Just post when you sell as you posted your buy.
At least I know your outlook now. I'll put $1200 against your $850



To: Rocket Red who wrote (108824)3/17/2008 5:11:03 PM
From: rubbersoul  Respond to of 312793
 
Gold stocks weren't down much. G was down 1.78% and HGU 1.49%.
Profit taking I assume. But they are making $ in the last 5 trading days:

finance.yahoo.com

Typical swoon before the rate cut and up we go, IMO.

The drop in my PAA stung though. I reduced my PAA a bit and added HGU.


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