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Re: michael03332002 post# 143225

Thursday, 08/21/2003 5:27:54 PM

Thursday, August 21, 2003 5:27:54 PM

Post# of 704044
"Once again I ask, WHEN will F/A and T/A matter again?"
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michael...

Good question, and the answer is whenever the Gambit is over, not before. To succeed, AG has to drive the markets a lot higher than current levels, so expect more of the same until enough selling comes in to end the Gambit -- and even then he will not likely give up without a fight.

Until then, the trend is up and it is risky to play against the trend, suicidal to play against the trend without tight stops. But what most folks forget is that at some point it will end, and at current valuations I think it is even more risky to be long in this market for anything other than a daytrade. It has been a good while since I have taken a long position home overnight other than gold stocks.

mlsoft


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