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10 Comments

    • Forget $100 a Barrel - Oil Will Plummet to $30 [view article]
      Wrong. I sold all of my oil stocks very near the top. But I will be buying back waaaaaay before $30 a barrel. None - repeat NONE - of the alternative sources are competitive against $30 oil. It just ain't going there. Aug 15 10:59 AM
    • Correction: Beware of Taxes with Currency, Precious Metal ETFs [view article]
      This will only be a concern for a few more months. Obama plans to tax the crap out of all gains, and currency ETF's will no longer be disadvantaged. I just wish I could meet all the people that will get my money. Aug 14 05:49 AM
    • That Sucking Sound? It's FDIC Insurance Taking Over [view article]
      Government bailout here, government bailout there. The government is us, and all the money we use to bail out ourselves is borrowed from China. Never has this country been so vulnerable to a meltdown. I don't think it will happen, but the conditions are ripe. Aug 12 08:08 AM
    • Why I'm Not Buying Oil's Recent 'Correction' [view article]
      I agree. I sold all my energy stocks in mid-June (ALL lower now). I will buy back at some point, but we are not there yet. The only risk to my plan is the Middle East, Nancy Pelosi, and Harry Reid - all enemies of the state. Jul 29 04:15 PM
    • A 'Buy the Loser' Rally [view article]
      This is a well understood trading technique. I have software for back-testing and buying the biggest decliners at an interim or final bottom works a huge percentage of the time for a quick buck. Jul 21 03:58 PM
    • Don't Think All Bank Earnings Will Be the Same [view article]
      USB does have high lending standards, but that is not even the primary reason they have outperformed other banks. USB has one of the highest fee income ratios in the industry. They are very, very different from most other banks. Jul 17 09:27 PM
    • Oncolytics Announces Breakthrough in Cancer Treatment Trials [view article]
      I think it is highly likely that Reolysin will become a significant cancer treatment. I just don't know if that will occur before ONCY's patents run out and I am sitting senile in a nursing home. The company seems to love research without a commercial endpoint. Many, many positive indications going back years do not appear to have brought the company any closer to a regulatory approval. Jun 10 04:12 AM
    • The Second Wave of Bank Troubles [view article]
      We are at the early stages of this mess. The double Freddies are likely in big trouble, as are some banks and investment banks. Lehman announced today they will seek $6 billion in new capital. It will really hit the fan when the next big boy can't get new capital and goes under. Jun 09 07:34 AM
    • $125 Oil Not Sustainable for the Time Being [view article]
      Well, with the Democrats holding congress, I will probably stay long my oil stocks (knowing some short term drop is possible).
      They don't want to drill on the shelf.
      They don't want to drill in Anwar.
      They don't want to build more nuclear plants.
      They don't want to build more refineries.

      Where do they think the nation will meet its energy needs, windmills? What morons.       Jun 09 07:24 AM
    • Book Review: David Einhorn's 'Fooling Some of the People All of the Time' [view article]
      The author appears to have bought Einhorn's self-serving ongoing smear of ALD hook, line, and sinker. In the last 10 years, ALD has paid out MORE in dividends than it's current share price. How does that make in Enron? They perhaps did engage in some "beneficial" accounting, but dividends are real. ALD is no Enron. May 13 07:10 AM
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