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Windwood Trader

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  • Linn Energy: Many Ponzi-Like MLP Blow-Ups To Follow [View article]
    Well done Casey-

    This author seems to capitalize on shock comments-
    Correction: Invalid shock comments.
    IMHO
    Jul 5 10:41 AM | 17 Likes Like |Link to Comment
  • Dollar's Purchasing Power Annihilated - The Chart They Don't Want You to See [View article]
    The US economy went the way of our dollars going to the oil sheiks who, as the trade-off purchased goodies from select American businesses. In 1971 we only imported about 20% of our energy needs- Today about 60%. We were an oil based economy in 1971 and a debtor nation today.

    Our leadership saw the handwriting on the wall but didn't have the guts to bite the bullet (or maybe the hand that fed them) and develop a viable energy policy 5, 10 or 25 years ago.

    The chart says it correctly. It could be an overlay (inversely) of the dollars out the door in trade deficits.

    The American public takes the hit once again. People on fixed incomes will really get hammered. Social Security payments won't be going up in January; the assets, savings and home values are stagnant at best; everyone hunkering down to see if they can meet bills with what's left of their investments.

    Too bad we can't just bask in the past and use our accomplishments to beef up the economy.
    May 9 10:52 AM | 12 Likes Like |Link to Comment
  • Swine Flu, MERS, Ebola And Medical News Concentrator August 16, 2014 To September 14, 2014 [View instapost]
    Here's to us there's no one finer-

    And here's to Rattie- For all he does- For all he puts up with- For making it all better

    Rattie- The finest one of us all!

    WT
    Aug 16 03:31 PM | 11 Likes Like |Link to Comment
  • Stability Of The European Union (23) January 1, 2014 To June 1, 2014 [View instapost]
    Wonder who is controlling the country?
    Wonder no more-

    This quote from a guy back in 1802 says it all-

    'I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake homeless on the continent their fathers conquered'

    - Thomas Jefferson 1802
    Apr 17 09:43 AM | 10 Likes Like |Link to Comment
  • The Earnings Season Party Ends [View article]
    I believe that the tea leaves could be read without a lot of difficulty. The one shot tax rebate last year caused a spike in buying (and a little credit card debt reduction) but it only lasted a month or two. The "clunker" program gets a few new cars off the lot but does nothing for the systemic problem- Too much leverage- Not enough capital- The consumer everyone is waiting for to bring home the bacon is the wisest of all- Or maybe most fearful. Hunkering down isn't a bad idea right now.

    Let the beached whale die its death and lets get on with whatever is reality. The asset base compared to what finance is available out there will be impossible to reconcile. Assets that aren't necessary any more will go unpurchased or sold at distress prices. Banks are, and should be afraid to lend money for home mortgages knowing in their heart of hearts that home values are already underwater before they take on a new mortgage. The second home, the Beemer as the 3rd car, the Med cruise are all on the block- The whole world economy save a few hardliners became a humongous Ponzi scheme that won't get fixed overnight. Sorry, kids- No instant gratification this time. School of hard knocks here we come.
    Aug 14 05:27 PM | 9 Likes Like |Link to Comment
  • QuickChat #271, May 1, 2014 [View instapost]
    "What to do?"

    When I was a quite young trader I called my Dean Witter broker and asked if he thought it was the right time to sell Syntex the then pioneer birth control drug distributor. He responded by saying-

    'You have been in and out of this stock five times in as many months. You buy low and sell high then short it and buy it in at a nice profit. You do it all over again and again. You have yet to take a loss, and you are asking me if the time is right to sell?

    I follow a hundred stocks and give them as much time as I can. You follow ten or maybe even twenty and I know you delve into every one to find the key to their profits. You are much more an expert while I am the generalist. When you want to short I ask all sorts of questions- Not so much as to hear your thesis but to learn what you know. You are the expert here. Now do we just sell or do we sell and go short?"

    The moral of the story is to DYOD and believe in it. It is much more valuable than that of the "experts."

    Cramer has a reputation and a vast following. THAT is the reason his stuff often climbs- the "Cramer Effect". It often doesn't last very long before reality sets in. His recommendations are right initially about 52% of the time. The best of the letters is right about 60% and that is this quarter. Next quarter they will be at 40%.

    I ended up working with that broker at Dean Witter and did OK for a couple of years then got married.....

    WT
    May 29 03:20 PM | 8 Likes Like |Link to Comment
  • QuickChat #269, March 5, 2014 [View instapost]
    OG-

    Re: Trying to get answers from medical practitioners-

    I had 38 years in the "Pit" that area between the patient, the medical practitioner, the insurance company and my employer- the trust funds I ran.

    I had a case where one of my insureds wanted to drive to Canada for a hernia procedure since it was outpatient rather than a five to 7 day stay in NY. The insurance company balked saying they couldn't pay outside the country for a non-par facility. I drove up to Toronto and signed up the doc and hospital to our preferred provider group.

    My patient got his outpatient surgery- double abdominal hernia repair using the 'mesh' method and drove himself home the next day. Total cost $1100.
    Stateside would have cost $9,000 plus.

    The ins co refused to pay. I filed a lawsuit and called their bluff- They paid in full. They claimed I coerced them into paying.

    They were quite willing to shell out the $9000 stateside rather than approve an $1100 payment for foreign providers. They would, of course just passed the cost on to my trust fund at the next negotiation with them.

    I believe this just might have been a variation on Trip's 'crony capitalism' theme.

    Here's hoping the procedure and all has a satisfactory conclusion for you, OG.

    WT
    Mar 19 09:57 PM | 8 Likes Like |Link to Comment
  • QC#260 [View instapost]
    What?

    No artwork? What kind of QC is this?
    Aug 5 10:54 AM | 8 Likes Like |Link to Comment
  • Goldman closes its gold short, the metal's move back above $1,400 triggering a stop. Still bearish though: "Our bias is to expect further declines in gold prices on the combination of continued ETF outflows ... as well as our economists' forecasts for a re-acceleration in U.S. growth later this year." GLD -0.3% premarket. [View news story]
    Talk about hedging your manipulation!
    Apr 23 08:21 AM | 8 Likes Like |Link to Comment
  • Stability Of The European Union (17) January 1, 2013 To March 26, 2013 [View instapost]
    >LT-

    Seems like the little people are and always will be serfs to the landlords.

    Fat Cat bankers get bailed out because ...they're too big to fail- oh yeah, don't forget to include our bonuses.

    Russians calling the shots in Cypress to protect and preserve the mob's money.

    The status quo doesn't change much, nor for long, it just keeps going around the turntable.

    Governments promise anything and everything and say gee whiz, Don't blame us, because it's not our fault the bills can't be paid- We just did what the people wanted. Don't forget to vote for me in November.

    There is an old saying about disruptions, dissidence and civil unrest.

    There has never been a revolution on a full stomach.

    I think the people are getting hungrier.

    WT
    Mar 25 09:29 PM | 8 Likes Like |Link to Comment
  • QuickChat #273, August 15 2014 [View instapost]
    >DG-

    "..its down as I predicted cuz I bought some. LOL every time folks, every #$%$ time."

    Maybe what's needed is a "Doubleguns Contrarian Newsletter"?

    {;-)

    WT
    Sep 11 12:02 PM | 7 Likes Like |Link to Comment
  • Quickchat#272, June 16, 2014 [View instapost]
    >HTL-

    Thanks for that clarification on the use of distributors marketing the product.

    A bunch of years ago I was involved in a Ground Zero project building a NY domiciled insurance company from scratch with a mid-west parent. Brass hats went the distrib route to market the products. Distributors aren't dummies. They will push the goods that produce the most jingle. Took our leadership two years to figure it out. Once we developed a captive sales team the cash registers started to ring.

    Maybe CPST honchos will see the light some day, unless they have a different agenda and are seeking a buyer?

    Who knows what evil lurks in the hearts of men.....

    Anyone remember that line? Came from my growing up times when radio was the ONLY entertainment except for that entertainment folks made for themselves.

    WT
    Jul 21 10:55 PM | 7 Likes Like |Link to Comment
  • Quickchat#272, June 16, 2014 [View instapost]
    Politicians:

    They way you can determine if one is lying is if their lips move- Dead giveaway.

    WT
    Jul 16 10:12 AM | 7 Likes Like |Link to Comment
  • Quickchat#272, June 16, 2014 [View instapost]
    FWIW-

    Re: Charts and the markets

    I have been spending several hours doing some chart analysis and from what I see we will be looking at a decline sometime this week, at least in the S&P arena. The NASDAQ is just too flaky to make a prediction on but I don't think it will stand on its own very long without the big guys' support.

    Positive sentiment has had its biggest drop in several months this week and volume has been steadily dropping.

    I am not bailing out but have increased my portfolio insurance with some additional in-the-money index PUTS for October expiration- both S&P and NASDAQ.

    Be careful out there- It's indeed a jungle.

    WT
    Jun 22 12:00 PM | 7 Likes Like |Link to Comment
  • Swine Flu, MERS, Ebola And Medical News Concentrator June 7, 2014 To August 16, 2014 [View instapost]
    Re:(BDSI)

    Let's give credit to LT for calling attention to this popper on Tuesday-
    $9.50 then $12.59 today.

    WT
    Jun 12 12:36 PM | 7 Likes Like |Link to Comment
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