Sector Action

Ski, thanks for the metals update...

[skiracer]

Here's something regarding gold and silver sectors that I found interesting. I'm still holding the gold ETF GLD from 46. Looking for a breakout in both gold and silver and some related stocks in those two baskets AEM being one of them. I've been holding 1000 shares of GLD since last May and if gold breaksout and goes to 69/70 range from todays levels as I expect it could, I'll be exiting the position before years end or sooner.

I’m seeing a lot of groups got a nice wide range bar down today and this puts me in a defensive posture. Not reading much into today’s action alone but I will be looking for transitional set-ups going forward. Many groups have busted down out of their channels on a daily. If we continue to thrust down for a few days we might see some set ups on the short side.

Good call on the metals guys. Now. How much further?

Who knows with any certainty. I've not looked at a chart all last week and will need to get back on track. I noticed I was early to my GOLD play and got a quick stop out before the real move.

[lemonjello]

Good call on the metals guys. Now. How much further?

[peanuts]

RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS RS

Did I get my point across???

I guess that Cramer got my point

[stocks54]

If there is increas in ELN PPS before Jan 07 expiery I will book some prfit and look for other opportunity.

I am trying to stick to my plan this time around.

[IIC]

IIC,

I am 95% invested in Elan (mainly options).

I had great paper profit on my option twice duing 2006 but greed stopped me from taking some profit of the table.

I think I need to rethink my investment strategy.

Stocks54...

I've been thru that many times...best to trim on the way up...or at least safer...Doug

[stocks54]

IIC,

I am 95% invested in Elan (mainly options).

I had great paper profit on my option twice duing 2006 but greed stopped me from taking some profit of the table.

I think I need to rethink my investment strategy.

Stocks54...

[IIC]

Thank you.

No Problemo Stocks...BTW...Good to to see you are still among the living...How about some more posts...

[stocks54]

Thank you.

[IIC]

Great thread. Keep it up. Do you guys like any particular stock in the synthetics group?

Best Regards,
Stocks54

Well...I own ICOC.

Here are some little charts of the group:

PONR, ALB, ROC, ESL, CMP, HUN, IFF, WLM, CCC, ICOC, LNDC, TORM, SHI, GGC, AWC, LDL, POL, RHA, NCX, ARJ, NL, NLC, BZ, VHI, TRX, MTX, SQM, PX, BF, IPHS

http://trimurl.com/9HL

http://trimurl.com/9HM

[stocks54]

Great thread. Keep it up. Do you guys like any particular stock in the synthetics group?

Best Regards,
Stocks54

Since the group is small I thought I'd give the entire list as I have it..

[IIC]

Sure Doug here they are:

PONR ALB ROC ESL CMP HUN IFF WLM CCC ICOC LNDC TORM SHI GGC AWC LDL POL RHA NCX ARJ NL NLC BZ VHI TRX MTX SQM PX BF IPHS

Coupla = 2...LOL

Thanks again...Doug