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Gold/Mining/Energy : DROOY Durban Deep- Best S. African Mine -- Ignore unavailable to you. Want to Upgrade?


To: Dan P who wrote (30)10/22/1998 8:54:00 PM
From: Dave Johnson  Read Replies (3) | Respond to of 851
 
I sold Durban last week at 3 1/2. As soon as I saw gold unable to hold 300 I was gone and not waiting around to give it all back AGAIN. Sure the sell was correct but we understand why. The real benefit of TA is to be able to call a bottom when nobody want s to buy and yet the stock is telling you that IT IS TIME. Thanks to Wall Street City site I was able to see this with the banking stocks and really clean up. I just used it again to buy AOL Calls - Up now 10 pts. I love the site -On most stocks there is now way to figure out what is really driving them except for the TA.

PS I have been selling off gold stocks and with todays fall of another $3.00 the rest will be gone tomorrow before they deteriorate any more.

But to re-iterate I don't think we need to TA to understand Gold stocks because they just follow Gold but we DO need TA to understand the Gold Price!