Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: jrhana who wrote (13548)	5/2/2008 9:12:54 AM
From: Andrew	Read Replies (1) \| Respond to of 29622

One of the biggest problems with the markets these days is that everyone is a technician. This has also created great volatility and opportunity IMO. Just look at CNBC they talk about technicals all the time, its gone mainstream. For me personally TA makes me a living and certainly not just in Gold stocks. In fact I have mostly stayed quite clear of Gold stocks for a while holding only a few beaten up juniors now. I also continue to only use the simplest TA methods like trend lines and MACD leaving all the special stuff to the experts <g>

To: jrhana who wrote (13548)	5/2/2008 9:34:49 AM
From: TheSlowLane	Read Replies (2) \| Respond to of 29622

My problem is that I am inclined towards long timeframes and don't observe but don't usually follow short-term technical signals. If I were purely a technical trader, then the right thing to do would have been to close my positions as gold and silver neared their price objectives on the last upleg. I would not say I am one of the best technicians on these threads, but everyone is welcome to their own opinion. At the very least, TA can be helpful in the short term in helping to determine entries and exits. I have seen something over and over again in one of my investment clubs. That is, by the time people are feeling really good about a stock and recommend it for purchase they are almost always overbought and at the top of a move. Doesn't mean it is not a good stock or one we would want to own, but often enough, it results in an immediate drawdown after we jump in with a market order. The times we have gotten better entries is when we exercised more patience and placed limit orders at levels that are below the market. I don't know if there are people going broke with TA or not, if they are, they probably don't wish to discuss it. My fundamental analysis of the uranium market has kept me in positions that TA indicated should have been sold long ago. I am beginning to wonder about my analysis at this point, but I have a strong suspicion that Da Boyz are really doing all they can to wring out the speculators. Call me paranoid. Trying to fight with people that have a lot more money, power and access to information is probably not a good idea. Note to self...remember that next time. And...I always welcome your opinion, even if it's like a sharp stick in the eye!