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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (60591)	7/29/2008 7:12:49 AM
From: tyc:>	Read Replies (1) \| Respond to of 78419

>>"was that Keynes ...?" No, it was Benjamin Graham You talk about buying momo only to have the bottom fall out. When the RS of the stock changes it is time to change too. Not to sit with a falling stock whose relative trend is down. This is interesting because it discusses a fundamental difference in style. Let me be sure of your point. If two stocks have good fundamentals, you say it is better to buy the cheaper of the two (which is usually the weaker). You'd buy BCM on the following chart. Not me ! I'd trade with the trend and buy KTN (or TRX lol). stockcharts.com Another good example is the senior/junior pair. The trend has been for the senior to outperform the junior. But we ignored or denied the trend and lost money accordingly. My new Mantra; Trade with the trend ! (This does not deny the primary importance of fundamentals in any way)

To: marcos who wrote (60591)	7/29/2008 9:54:03 AM
From: E. Charters	Read Replies (1) \| Respond to of 78419

You can dispense with the theory and just be lucky. Luck is the most powerful force of all phenomona. In order to achieve it you strike with lightning speed and total randomness. Don't let your provably inferior calculations overcome impetuosity and total lack of selection criteria. If you want to add calculation to the business just to give you that warm fuzzy feeling then just look at how much upsy downsy the stock has had and sell when it is relatively upsy and buy when it relatively downsy. If you want to add still more calculation you might try imprinting the relative market trend/sector factors (oil, gold, DI) onto the moves of the stock and chancation factoria by extrapolation of such by linear regression.