Marc Courtenay

This Advance Will Be Measured in Days, Not Months

I agree with your comment. Some kind of low will probably be put in between now and November, and a summer rally might continue first. Be ready for some sharp, unexpected "manipulations". Bill Cara's modesty is amazing and certainly fun to read.


On Jul 17 10:02 AM predictorman1000 wrote:

> Ahhh. Tech Bubble stories. Haven't heard those for a while. My own
> story- moved from long to short in April 2000. Good call, right?
>
>
> Wrong. Some might remember that that most of the big names kept going
> up all that year (vs the "pure" dot coms falling apart). I was losing
> big money, doubted myself, and went back to long. Also a mistake.
> Lost every cent I made in 1999 and then some.
>
> No matter what your belief in 2009 company/market fundamentals or
> US/world economic fundamentals, they have no relevance in this market.
> It's all sentiment- piles of money that some days the people with
> their fingers on the trigger are feeling good, other days they're
> hearing "know when to fold 'em" in their heads.
>
> My belief- rally through the summer and go lower in October (but
> not to new lows).

Hecla Mining: Caught in a Bad Market

You are certainly right about HL Bill. Their management has proven their fiscal incompetence in spite of the fact that they now own such great properties. I hope they have an ace up their sleeve and can restore confidence soon. Thanks for your article.