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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: Goldberry who wrote (357)	1/16/1998 9:22:00 AM
From: Zardoz	Read Replies (1) \| Respond to of 3558

Yes, but WHY is gold moving up? And will it stay up? Remeber this: "You can't go broke by taking profit." "Bears make money, Bulls make money, But pigs get slaugther" So he didn't maximize his gains. Still a good choice.

To: Goldberry who wrote (357)	1/16/1998 3:43:00 PM
From: Greg R	Read Replies (1) \| Respond to of 3558

Cute - But at 12:30 Thursday I had to decide whether to sell my Precious Metals Mutual funds on Thursday or hold and hope for the best for Friday night's price. Given that the spot price of gold was dropping at the time, my Inpathique chart indicates it will peak out on Thursday or Friday and I did not have the luxury of time, I decided to take the sure profit and sell. That is a weakness of investing in mutual funds, you can't day trade them. Sure, as it turns out, it appears I would have been able to get more by waiting. But you know the law. If you hold it goes down. If you sell it goes up. As others say, you will not go broke by taking your profits, especially when you feel strongly the price is heading back down one more time. I absolutely would not have waited till Monday. I have a fall back position coming up shortly, just in case I was wrong, so I'm not worried about having missed the boat.