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Re: Ballistic post# 13

Sunday, 09/29/2002 2:57:08 AM

Sunday, September 29, 2002 2:57:08 AM

Post# of 28
You're welcome. (:

A while ago, while I was still following individual stocks, I started a thread on the subject, #board-1240, but I haven't done much with it lately. Now I follow the XAU, but I don't really follow individual stocks. Lately though, I've been trying to come up with a short list of gold stocks to start accumulating in small quantities on pull backs, and msloft, one of the poster's on Zeev's thread whose opinion I value, just posted on this subject the other day. #msg-516043

I'm not sure what either Zeev or Jeff thinks about gold or gold stocks these days, but I would assume Zeev would be more toward the negative side, and Jeff more toward the positive.

I know what you mean about not being able to daytrade like Zeev. I don't think there are many who can.

As one relative newbie to another, about the best advice I can give you is to limit the number of things you follow at once. That's why I gave up following individual stocks -- severe info overload.

Now I concentrate on the COMP, NDX, SOX, and BTK, plus I watch the similar components of the NYSE on a lesser basis, (NYA, INDU, SPX, BKX), and track various indicators, such as VXN, and some futures that tend to have a big effect on the economy and the markets, such as futures on gold, the dollar, and oil, and a few other key sectors, such as Transportation, Utilities, Oil Services, and the like.

By the time I get done looking over all that stuff, I don't have any TIME to think about individual stocks, so I only trade exchange traded funds, and now I'm concentrating almost exclusively on Profunds. Boy, those 2X funds are really scary though... When you pick the wrong direction, or even if you're just a little early, your money drains away like water evaporating in the desert!







MDA Thread #board-1320
Turnips Thread #board-1125
Trading Info #board-1220
Retrace #board-1345
PPT #board-1280
http://www.angelfire.lycos.com/goth/augieboo




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