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

To: SliderOnTheBlack who wrote (9262)	4/17/2008 10:18:38 AM
From: bullbud	Read Replies (1) \| Respond to of 50746

Who will buy gold stocks? There's plenty of funds who get it backwards. They buy at the tops and sell at the bottoms. The buyers who were just shaken out are the "dumb money." Dumb money feeds the smart money every time.

To: SliderOnTheBlack who wrote (9262)	4/24/2008 10:13:50 AM
From: RonMerks	Respond to of 50746

Slider- QUIT TRYING TO TIME THE DAMN MARKET! xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Message 24505775 Message #9263 from SliderOnTheBlack at 4/17/2008 8:48:05 AM Trading thoughts... xxxxxxxxxxxxxxxxxxxxxxxxxxxxxx 1st, very good observation here- 'Yesterday's 25 point pop in the HUI gold bugs index was great... but, it was on very light volume: GLD etf - 8.4 million shares vs. 12.6 million average SLV etf - 941k vs. 1.1 m avg. ABX 9.8 million shares vs. 10.6 million avg. NEM 6.9 m vs. 8.8 m avg. GG 8 m vs. 9.1 vg.' xxxxxxxxxxxxxxxxxxxxxxxxxxxx 2nd, very good strategy here- 'We "sold" puts into the first bottom on 3/20, worried that we could very easily see a technical test of 400, even 370 if oil collapsed. Then on the April 1st meltdown, we bought a few calls, but only on our favorite names. ...and now, we are beginning to cash in "just a few" of our calls, but are buying back "most" of our puts - locking in very, very nice gains on those prior put "sales." Additionally, we'll be "buying" more puts into further strength here - as a hedge against our remaining calls.' xxxxxxxxxxxxxxxxxxxxxxxxxx Sounded like good advice, buying puts as insurance has paid off as follows- Think how much FUN buying and holding is here! The small cap gold stocks, including many of the SI favorites like MFN got killed with double digit downs days yesterday. I guess we now know who's not really buying and HOLDING any longer <vbg>. And Slider, while this 'trading thoughts' call proved to be good timing, I still say that anytime Jim Sinclair opens his big fat yap- it's a better SELL/EXIT SIGNAL than anything you, or any chart can say <vbg>. Sinclair- is now 3 for 3, or 0 for 3, depending on how you look at it <vbg>. Anyway- THANKS for the heads up on adding some insurance. I'm now protected, profiting and waiting for the puck to COME TO ME, instead of chasing it, and feeling like I just just body checked and slammed unconscious into the boards. And please- feel free to add more 'trading thoughts'- Mo later, or whenever else you feel like it! It sure feels great to be browsing my buy list with a smile on my face and thinking about when do I want to cash in and take profits on my puts, instead of getting forced out by my stops getting run and swallowing quarts of malox as I watch my profits go up in smoke. At my age, I can use a few less Malox moments, if you know what I mean <vbg>. Thanks Ron

To: SliderOnTheBlack who wrote (9262)	4/29/2008 2:13:04 PM
From: RonMerks	Respond to of 50746

Thanks for the heads up on 'adding puts' From: SliderOnTheBlack 4/17/2008 8:48:05 AM 6 Recommendations Read Replies (2) of 9419 Message 24505775 Not 'bad' timing on adding puts <vbg>. Its now almost a 100 point drop from the day of your post, but I still say that Sinclair cursed this rally with his $1,000,000 dollar bet. He's 3 for 3 now. I swear anytime he opens his mouth from here on out- I'm hitting the sell button. Sinclairs boasts = AUTOMATIC EXIT. Still waiting for $15 Silver, and this time- doing so while making money on the way down. Sure beats getting stops triggered every day. Thanks Again- and where the hell is the bottom (370-380)? And how about a little help on cracking oil? <ouch>. Ron