To: Peter V who wrote (3420 ) 9/25/1998 6:38:00 PM From: Thean Read Replies (3) | Respond to of 14427
Pete, US$ showed strength, gold couldn't penetrate $300, we will have to wait on this one unfortunately. We crossed over $300 early today but it is the close that counts. Therefore, I'm stuck in gold stock and option going into this weekend. : ( I do think the chance for a breakthrough above $300 next week (probably after Tuesday) is 60:40. However, if the US$ is up, and the overall market is up, gold should go down. OK, here my poem, If $ up, DOW up, gold's a tumbling If $ up, DOW down, gold's a snoring If $ down, DOW up, gold's a rumbling If $ down, DOW down, gold's a popp'n. BTW, beside Pete and myself, is there anyone still short the evil tower? It closed at a "new" low today below $21 and still could not produce the 10Q. Next Tuesday is the dropdead date right, Pete? Alski, I have decided to stay clear of shorting the tech and financial stocks until after Tuesday. They behave just like the internut yo-yo nowsdays. Very difficult to predict their movement. I have decided to go with DELL, probably the top of the range 450. Just need to pick up that phone to call. Will let you know what I get. DELL is just so much more in terms of value to the customers that I don't see in GTW. With the mo-mo they have in their business, it is hard to short their stock. That's why I don't listen to LT about DELL because it is the best model out there and they are making money like crazy. LT has been right about a lot of things but DELL. (LT - have you heard any more bad DELL rumor since you live in DELL town?) Doc - you didn't hold YHOO over the weekend did you? You are in the fire pit allright. A lot of good luck to you, you will need plenty. <GG>