Nickoo, I have to agree with your thinking according to pretty good traders. Stan Weistein is another that supports the view that when you identify an uptrend sector you buy on dips and hold. I guess however that you still must have an exit strategy top and bottom. Probably waiting for sector trend reversal. It also depends on your available capital to buy in. If you have only $1000 to invest then a buy and hold wont do much for you even with a 50% 12 month growth. Knowing when to take profits is critical and I guess that means trading...it is just the time frame that is to be decided. All comes back to a trading plan doesn't it. A good trader will always make more than the investor but there are not that many good traders. I am still not in gold stocks as I got burnt with SBM early. But I think your strategy may prove correct. Resolution or completion of the Iraq business may offer a buying opportunity?
