Tuesday, March 4, 2008

Sorry Guys

I just got in from a night out at a friends :)

Yamana making me look silly but still sticking with the two short positions I took yesterday. Looking to add to the SKF,QID,DXD positions I started up yesterday.

Money rotating out of explorers and into producers, only reason I can see for Seabridge falling back to it's $25 level.

As for being light in miners, the reason I booked so much is we we're in an overbought position and approaching a significant number ($1000). Try not to think of the few % since you sold, simply buy back in if you think they'll continue to run. I have been doing this for over a year and they ALWAYS pull back. However I knew eventually we would get to a runaway point and i'd miss out on a bit. My rationale is that all the bookings on the ups and downs over the past year are MUCH more than what i'll miss if I decide to buy back in if I see it going parabolic. I haven't seen signs of this yet so am holding out for a pullback.

1 comment:

coinlieutenant said...

Great buying opp for SA here....
I keep saying that dont I?