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Re: silver_bars post# 6676

Wednesday, 06/07/2006 9:25:31 PM

Wednesday, June 07, 2006 9:25:31 PM

Post# of 42608
Silver bars- If you wait for the letter of intent to be formalized into a definitive agreement you will probably give a up a substantial gain by buying on the news spike, a dangerous strategy if you look at recent market action.Like the martman and the Hamma I have done very well playing the dips and selling some on spikes while maintaining a substantial position. Stocks are a little tickiery than commodities to trade since commodities tend to stay on trend for a long period of time while stocks tend to fluctuate as a famous trader once said.If the deals are real, you will do very well no matter what price you paid. As they use to say at otb : You gotta be in it to win it.There is nothing in the chart to indicate that the long term chart has turned bearish. Tempted to add more here myself but don't want to be too greedy since I feel it is bad Karma. just one man's opinion.