Mostly: Classical

[wagee]

LT, the stocks I am holding I am well into the money with them. So no sweat so far.

We are in no mans land right now with POG. I'm very selective about what I buy here and have already sold what I had for "trading shares". So until we break out beyond $414 as far as I am concerned we are range bound. If the USD makes a double bottom here and moves up that will only make the case.

So what is a investor to do? Personally I am doing the same as you buying stocks that have news coming that should move them. I have been selling into strength for 25% to 50% gains for some time and was doing very well until you-know-who did the dirty on me.

AFA $370 POG goes I will quote our favorite advisor, "Our work is now telling us to remain in the market as long as gold stays above US$370. If gold moves below this level, we will scale down our investments and come back to a 50-75% invested position." gbug #146

I guess the point being that if $370 is breached we have a lot further to go down and there will be plenty of time to buy back in as we bottom out.

Edit: Just bought INM on news...

http://new.stockwatch.com/newsit/newsit_newsit.pasp?bid=B-278948-C:INM&symbol=INM&news_regio....

Wayne