Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: accountclosed who wrote (1068)	3/28/1999 9:15:00 PM
From: ahhaha	Read Replies (1) \| Respond to of 3558

The stock is low. Since I was a kid people have told me that you have to buy stocks when they are low and out of favor. ABX seems to fit the bill. I don't know the future. The money numbers just tell me what is happening beyond the advertising. There is no reason that they couldn't reverse and go down. If so, I would sell long. Involvement in investment is the most boring thing. It's like watching grass grow. The only thing you do is buy, sell, and wait. I was a mentor for new floor traders, but I don't do that anymore because I wouldn't want anyone to waste their life on a useless activity like money shuffling. To some extent by the time you discover this, you're stuck in it and they won't let you do anything else. As for the scenarios I cooked them long ago when I was a high rolling trader. The scenario creation reduced my return significantly. A bull market in gold will fall all the way up, so you will have to buy and hold to significantly benefit. That requires faith rather than scenario. One just believes.