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To: Alias Shrugged who wrote (2417)9/2/1998 1:00:00 PM
From: Thean  Read Replies (3) | Respond to of 14427
 
Mike, from what I can see today, we have a continuation of yesterday trend - that is, those who bounced less yesterday got a boost today and those who bounced more yesterday got less of a boost, if not losing some steam.

I'm very tempted to cover some put here in case this thing get mo-mo out of control. Even house money should not be risked away. <gg> However, I haven't seen any serious selling yet today which is unexpected. The sign I want to see today is a sudden surge on the downside, erasing all the gain today and possibly more, then I will feel very comfortable holding this into tomorrow and further. Otherwise, I'm reducing my risk and one can always reput or reshort.

SCTR - what the heck happened? Only 600 shares traded today.



To: Alias Shrugged who wrote (2417)9/2/1998 1:34:00 PM
From: Lucretius  Read Replies (2) | Respond to of 14427
 
<<< For the REAL SHOCKER, my ABX bought yesterday is actually going UP. I don't believe it.>>>

Did you ever have a doubt??? (GGG)

I'd use future mkt dumps to add to gold stock positions as they will likely pull back somewhat. the key difference between these stocks and the mkt, is that they will recover their losses and move higher while the mkt will not. The real fun starts when the mkt bottoms and stops crashing, then the cash will REALLY flow into the gold stocks.

-Lucretius