Where to today?

[232926]

Where does the forum see HAR going today? I'm looking to get in but at about 75.

[john_1]

why?

[john_1]

why?

[richardw]

Rule #17 of the New Market Wizards:
"17. THE URGE TO SEEK ADVICE
The urge to seek advice betrays a lack of confidence. As Linda Raschke said, "If you ever find yourself tempted to seek out someone else's opinion on a trade, that's usually a sure sign that you should get out of your position.""

[richardw]

(Partly kidding, considering we're all sharing opinions. :)

[john_1]

that is very very good advice.. "you know when you know!! and the rest of the time you are just tredding water."

[richardw]

Thought you might like it. It's closely related to:

13. THE NEED FOR INDEPENDENCE
You need to do your own thinking. Don't get caught up in mass hysteria. As Ed Seykota pointed out, by the time a story is making the cover of the national periodicals, the trend is probably near an end.
Independence also means making your own trading decisions. Never listen to other opinions. Even if it occasionally helps on a trade or two, listening to others invariably seems to end up costing you money-not to mention confusing your own market view. As Michael Marcus stated in Market Wizards, "You need to follow your own light. If you combine two traders, you will get the worst of each."

[#8]

Strong rand may force Harmony review Allan Seccombe | Wed, 01 Jul 2009 12:01 [miningmx.com] -- HARMONY Gold will need to take "fundamental" look at its mines if the rand gold price remains at lower levels for another quarter, CEO Graham Briggs said on Wednesday.

[KVW]

http://www.harmony.co.za/im/files/presentations/analyst_jul2009.pdf I dont understand why the market is not liking HAR look at their position. Lots of cash no debt last time I opened an economics textbook this was a good situation to be in?????????????????????????????????????????????

[#10]

Remember the true saying "The market will remain irrational longer than you can stay liquid". But all that Richard says is true, but if like john says we are all sharing opinions and asking for advise then I guess books are one thing, your system is the other and this forum is a nice social meeting of minds (many times to differ). Any hot punts for this afternoon? ;-)

[#11]

But with that said HAR is still a sellsignal in my system so I will wait for the right buy signal before stocking up again.

[#12]

Ok Who ignited Gold price? What have I missed? It went up 12 dollars in a matter of minutes (opening of NYMEX).

[#13]

CPS check:..http://www.goldprice.org/spot-gold.html IF you track it everyday youl notice that there are often signifficant up and down shoots occuring in the NY COMEX time frame.

[#14]

There is nothing that says HAR is a short term buy. Harmony looks like a screaming sell to me. Gold is hovering between 920s and 945 -struggling to break 945s. I agree fundamentals are excellent, but only long term investors will profit on that!

[#15]

PS The gap between HAR and GFI has been hovering at around 10% share price difference for a couple months now - and the last week the gap has almost increased to 20%! :) Bad for now, but when we do go up it will go up fast