Ned38 Posted March 1, 2003 Report Share Posted March 1, 2003 Contrived and Artificial. I totally agree 27. That is the most frustrating and demoralizing part of it for me. The big boyz are serious about shaking out the weaker shorts before they let it go. "They " say..............Sell 'em in May and go away" They want a rally and will do whatever they can to get one before May Now maybe all they can do is jam for options week and then the end of month paint job , but that still is a third of a month of getting slapped around. ouch.. Link to comment Share on other sites More sharing options...
Guest The CoinGuy Posted March 1, 2003 Report Share Posted March 1, 2003 Hello Fellow Stoolies, For those of you doing current research on mining companies, here is the latest from BMO Nesbitt Burns - 2003 Global Resources Conference. Looking to add some positions, but not quite yet. did take a position or two already, but most charts I monitor, just aren't where I want them to be...damn close though. BMO Nesbitt Burns - 2003 Global Resources Conference Short URPIX, Long PSAFX, PM's, and Physical, TCG Link to comment Share on other sites More sharing options...
Drano Posted March 1, 2003 Report Share Posted March 1, 2003 Even though I've started to wonder if this is true, there probably is a limit to how long they can keep this thing afloat because of the need to keep the dollar the reserve currency -- a limit to how much they can debase it. My own undoubtedly completely erroneous theory is that they're going to do what they can to keep it up until the first shot is fired, at which point they'll let it collapse because it can be blamed on the war, not them. They are really excellent manipulators, as we have learned to our sorrow, but they know this can't go on like this forever. Remember that I am a contrarian indicator. Link to comment Share on other sites More sharing options...
Downtick Posted March 1, 2003 Report Share Posted March 1, 2003 Ditto Downtick, you too are playing the "game" properly. Thanks PD. The style of play has to match the personality IMO. Good trading buddy. :wink2: Link to comment Share on other sites More sharing options...
BAREister Posted March 1, 2003 Report Share Posted March 1, 2003 The intent doesn't matter. The result does/consequences do. Several people have already departed. Looks like another is about to, at least in a heretoFUR active way. Having felt the brunt of pique hisself, HRFF can empathize w how they feel. It can take a lot of the fun out of it, which, if this writer had to guess is partly why Wyndy is winding down. Hopefully there is a place for diversity of opinion around here. Even occasional bullish opinion, or echoing that of UDDERS. Heresy is healthy - in moderate dosages. Noland may be redundant, but he serves an important historical purpose, at a minimum "BARE"ing witness to the obscene excesses of a wanton era. The BARE once wondered if shorting this market was the metaFURical equivalent of fighting City Hall. He's beginning to wonder that, again. One needs the patience of Job and DEEP pockets to put up with this bear. The market's, again, doing what HRFF speculated it might do late last Nov - shilly shally sidewaze FUR FUR 'long'er than most people could imagine. LongonUranus is right - there is ample danger out there. It hangs over this market like a Damoclean sword. It may arrive on it's doorstep, ass early ass next week. Wyndy, this "no man's land" won't endure FURever and may terminate just ass you ramp down. Whatever happens to you we need anUDDER nightly venue as proxy FUR this thread. Link to comment Share on other sites More sharing options...
brian4 Posted March 1, 2003 Report Share Posted March 1, 2003 Oh Dashley and Drano-they'll let her go-thats why THEY are ass deep SHORT-mid week next I suspect. That guy was good has to be with a name like Derwood-(I bet his brother is Dagwood). Suncor is one I own-they own the tar sands in Alberta which hold more oil than Saudi and venezuela combined (notice I didn't capitalize venezuela). Suncor is producing a barrel of oil from the shale like rock for the same price as anyone else. It's taken an investment of 100's of Billions of Dollars for the extraction technology but Suncor is going full blast if you want an oil play-it's Suncor. For a natural gas play try the BIG BOY-Encana Energy they have it coming out their ears. Trade Safe! Link to comment Share on other sites More sharing options...
wrecked him Posted March 1, 2003 Report Share Posted March 1, 2003 That being said, I will and have gone long when the risk/reward seems better for me tp do it. Since becoming a member I have done it three times of relatively short duration. I do what I do which is intermediate trend trading. What anyone else does is their perogative. My only concern is when they seem to be suffering in their style regularly. To be intolerant of anyone ever going long would make this board no different than crapvision. It would just be the yang to their ying. The bottom line is are you making money and staying sane. I am as short as anyone on this board. However I play the SWUPS . I reviewed my longs from March 2002 high to the July 2002 low. Return (%) April 11 (4.7) May 3-9 (15) June 3 (2.6) June 17 (7) June 27 (0.2) July 5 (9.9) This is while remaining short throughout. The bottom line is the bottom line. One day when the bull market returns, (if I'm not in a nursing home drooling), I will play the SWUPS as well. But those trades will be shorts. Link to comment Share on other sites More sharing options...
Guest Posted March 1, 2003 Report Share Posted March 1, 2003 Colonel you might be right. ?It just seems, amongst other things, that a lot of energy (i.e., feed) has been expended to pretty much keep the overall market in the same tight range for months. ?The SPEE is still running an overall p/e of 35 and the Naz is higher. ?There is an old saying, "Ebays don't grow to the sky." I am speaking both from a position of frustration and the sinking feeling that they are going to do whatever, and I do mean whatever, is necessary to keep the financial markets inflated. I am starting to think that much of this is political in that the word has been put on that recession will not be tolerated. There is a definite arrogance about it all. Like Washington, Wall Street and the FED can simply strong arm the economy while keeping the public confused, hoping, and distracted. I only say this because should the paper asset machine with all its convoluted cross-wiring fail, it cannot do anything but lead to massive financial destruction and consequent political and social unrest. The high profile people you are seeing leaving the administration and all the negative talk suddenly surrounding the FED chairman means to me that there is desparation, fear and panic in the highest offices. Only those who are willing to throw themselves into the burning fires and commit personal and professional suicide "for the cause" will be tolerated. These madmen actually believe that they are gods and can do anything with new era economic polices and practice. Lies will be told, numbers will be manipulated, reports will be fabricated, money will be printed, debt will be expanded, markets will be rigged, foreign and domestic enemies of the state will be identified, wars will be started, and the propaganda will be non stop. It is all very disturbing. Link to comment Share on other sites More sharing options...
Drano Posted March 1, 2003 Report Share Posted March 1, 2003 Brian, I agree. I think they know that they NEED to let the market go, and are frantically trying to keep it afloat until the first shot is fired. At that point the crash can be blamed on the war, they can try to salvage the dollar as the world's reserve currency, and set the stage for a new bull before 2004. Thanks for info on Suncor and Encana. I'll take a look. I kind of liked Derwood Chase. He looked totally cynical and disgusted. Link to comment Share on other sites More sharing options...
MrHanky Posted March 1, 2003 Report Share Posted March 1, 2003 Not much to say except I am waiting for an extreme one way or another to make a move.Blowoff top or monster volume bottom. cash till then This market could easily go drastically either way real fast. Link to comment Share on other sites More sharing options...
martialcomp Posted March 1, 2003 Report Share Posted March 1, 2003 To me...there are 2 different types of longs. 1. Those that buy in to the "rah, rah, rah" Bubblevision propaganda and think that everyone is going to be a gazillionaire. 2. Those that trade long based on cycles, Repo blasts, semi-conductor heat maps, news, etc. Type 2's have the knowledge to trade. Type 1's will lose all of their money. type 2's will sell in to a 24% cycle rally that last several weeks, Type 1's...well you get the message. PS...Cramer is a flaming idiot that just says things just to say them. He just blabs. I also think that makes up many of the things that he says. He lies and distorts. Link to comment Share on other sites More sharing options...
wrecked him Posted March 1, 2003 Report Share Posted March 1, 2003 Does trading sometimes feel like this??? Link to comment Share on other sites More sharing options...
Guest Posted March 1, 2003 Report Share Posted March 1, 2003 [ "The intent doesn't matter. The result does/consequences do. Several people have already departed. Looks like another is about to, at least in a heretoFUR active way. Having felt the brunt of pique hisself, HRFF can empathize w how they feel. It can take a lot of the fun out of it, which, if this writer had to guess is partly why Wyndy is winding down." ] Bare The market has many nerves stripped raw. We get the OE ramp and the EOM jam. Then we have the every other day jams to neutralize the bad news. Then we deal with the beginning of the month 401K contribution ramp. We have the peace ramp and the war jams. Holy Crap -- is it any wonder people are getting a little sensive. Hell, even SG is turning off his monitor and tuning the crap out. Maybe that is what we all need. A break from the Maria's and Ned Rilley's and everyother lackey and weasel that the Wall Street propaganda machine trots out day after day. Link to comment Share on other sites More sharing options...
martialcomp Posted March 1, 2003 Report Share Posted March 1, 2003 Fred's Intelligent Bear Site Fib Page FIB: Watching Crapvision will make you a better investor. Truth: The endless parade of anal cysts, CEOs, and pro forma earnings reports on Crapvision should be viewed for entertainment value only. For relatively objective financial news, I would stick with Bloomberg and Nightly Business Report. Avoid Rukeyser like the plague. That arrogant S.O.B. and his perma-bull lackeys have no idea how to survive a bear market. Freds Bear Fib Page Link to comment Share on other sites More sharing options...
PileDriver Posted March 1, 2003 Report Share Posted March 1, 2003 Get short or get out of the way, probabilities highly suggest the blowout is to the downside. I did some dongs during the Jan pop while short but right now I see now point to it. The market had every reason to do well today but it did not. This is a sign of extreme weakness. Equity P/C ratio was under 0.5 all day. The bull-hook is in. Perhaps some more marginal upside early next week at best. I have no problem with those with bullish views either, always have to watch your back and roll with the punches but hard cold facts must be presented as to why. Its not enough to blab, or say so because everyone else is "too bearish". Its a bear market, so the prudent default stance is to be bearish - duh! Fib dates: 2/20 low 2/27 high We're not too far off the mark. We really are still on course here. A common mistake many make is when things don't turn out precisely as they expected then they conclude they are completely wrong and finally give up. That's exactly when things go your way, but if you gave up you miss it. That's ashame. Be realistic, the market always takes longer to develop than you expect. Its all perception. Link to comment Share on other sites More sharing options...
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