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Message: Re: Fitch just did it...Kim
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Oct 07, 2011 12:25PM

Oct 07, 2011 01:07PM

kim
Oct 07, 2011 01:11PM

Yeah, a little.

Tuesday's bottom had a better feel to it than the previous bottoms. In particular, Venture appeared to show real capitulation, so I think it has bottomed for the year. Pullbacks should not be too severe.

US markets a little cloudier. A test of the Tuesday's lows are likely next week or the week following, but the outcome is uncertain. Still, a major leg down seems very unlikely. So, best guess is a successful test or a fairly minor breakdown. Either way, year end rally should start soon.

I'm buying the most beaten down of the junior resource stocks - particularly the ones that had the worst Aug-Sept.


Oct 07, 2011 02:38PM
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