Seeking Alpha

MARK&SHARK » Comments |

Sort by:
Latest | Highest rated
  • Compressed Natural Gas: Key to American Energy Independence? [View article]
    I have read 5-7 words of it,maybe you are right.
    My PensonGHCo. statement shows I make 6500$ since going long October NG yesterday at 7.80$.
    I look forward to significant shorts liquidation out there in the coming weeks and days,my only problem is selling to early.Sometimes I sell at 10000$ profit when another 1-2 hours would double it.
    At least I am happy to make good money trading,as I have no vision nor idea if NG vehicles will ever hit the street.My Mercedes E Class Avantgarde is excellent benzin super car and I am not willing to drive T Boone Picken's futuristic vehicle just yet.I respect and love the man and feel very sorry for him to lose trading NG,it was the liquidation on Crude Oil that triggered this crazy NG sell.It will shoot up again,don't worry dear Pickens.
    Aug 26 07:32 am |Rating: 0 0 |Link to Comment
  • Precious Metals: Emotions Still Stronger Than Fundamentals [View article]
    I have read 50-70 words of it,maybe you are right.But who said there is shortage of GC (maybe the same honchos that said Lehman Brothers is going bankrupt,even if it might be true at some point).
    Where is all the GC Central Banks sold at 1000$,wasn't it bought by dealers who expected to resell it to average Joe for 1500$ in coins,bars,jewelry.
    What happened in reality is,the hedgies that bought then futures for 1000$ average took physical delivery as price was lower in a matter of days,they expected to get rid of it sooner and get their money back,but as it didn't happened those same investors today are bleeding and spread various rumors that there is no Gold on earth,that all gold is already sold to Indians,Chinesse,Russi... then in fact each ounce of gold mined since 2000 years ago and before is still here with us in jewelry,coins,watches etc., that was lost is maybe 50% of all mined Gold,but not every second person on earth losses his/hers all Gold.I have my Rolex Daytona 18K n my wrist and expect to have it tomorrow at the same wrist,only if somebody will come at night and cut my hand or still it,then this Rolex will still be somwhere else.
    Bottom line,those like me that bought Gold investments in 1998 and sold them in few years time not being greedy made good profit and moved else,those that bought GC at 1000$ probably will never see their money.Greed knows no limits but pressure of the metals will make all those who bought higher sell at a loss,maybe then it will be a right time to buy GC again,but not before,excesses must be liquidated first.
    Aug 26 07:18 am |Rating: 0 0 |Link to Comment
  • Bespoke's Commodity Snapshot (8/25/08) [View article]
    Nice charts,the only problem is that most investor's account is bleeding from all this.But it is definitely beter to make a living selling pictures than trade as many of those that were wiped out years ago from all different markets today are experts on those.
    Aug 26 07:02 am |Rating: 0 0 |Link to Comment
  • No Panic as HudBay Minerals Closes Balmat Mine [View article]
    I looked at your Pink Sheets idea,don't you think the volume is not sufficient for most investors.No analyst covers the stock,it looks like you are the only expert on it.
    Aug 26 06:57 am |Rating: 0 0 |Link to Comment
  • Barrick Gold: Higher Cash Costs Weaken Upside [View article]
    I have read 2-5 words of it,maybe you are right.
    I looked at ABX ( BNY Jaywalk Research ) balance sheet,as being futures/options investor for the last 5 years (since then I never looked back to stocks in general,as investment) I like ABX as know the company since 1997 and have friends who invested since then and still hold it,of course they are not happy as stock didn't perform good lately.
    So,ABX grew it's revenue in line with price of Gold since then as this is low risk run company,that sells it's metals on cash and forward markets.The recent price is very undervalued if one looks at Gold price today,the ABX must sell at 40-45 at least a share,but it looks that insiders and major nvestors or miss bigger picture or they expect GC to head sharply lower in the future.
    Bottom line,ABX as equity investment is well protected from further fall in GC price the only problem is their aquisitions that were built on higher GC prices.If price of GC will rise (ABX don't see it now) the stock is well positioned to outperform other,weaker mining companies.
    I would definitely buy ABX but would hedge my exposure with covered calls on ABX LEAPS.
    Good luck,now I must trade other things.
    Aug 26 06:43 am |Rating: 0 0 |Link to Comment
  • Macro Trends Spell Doom for Banks and Their Profits [View article]
    I have read 10-13 words of it,maybe you are right.
    Recession,not recession,who cares how one calls it.
    I embrace recession with open arms,as being short seller of index futures there is no better sunshine than a market crash.
    If every one of SA raders liquidated his long equity positions,that would be great,as in a short time this positions probably will be liquidated by a broker on a margin call or by investor for whom 70% loss on the best in the world bluest of blue chips will be too much to swallow.And then the real crash will start,not when the DOW will be at 9000-8000,the crash will start at DOW 6000.Just wait a bit and you will be a witness of all the fraud on Wall Street that went for 20-30 years.
    Aug 26 06:12 am |Rating: +1 0 |Link to Comment
  • The Reign of Uncertainty in Financial Markets [View article]
    I have read 30-40 words of it,maybe you are right.But what do you mean regarding leadership?This is not a question in the right place as markets are run by greed,fear and pressure.What leadership?
    Aug 26 06:05 am |Rating: 0 0 |Link to Comment
  • Is the Market Going Up From Here? [View article]
    [Comment removed and user banned for continued abuse of site privileges.-SA Editors]
    Aug 26 05:57 am |Rating: 0 0 |Link to Comment
  • Chávez's New World Order? [View article]
    I read 40-60 words of it,maybe you are right.Let's live and see.Let my Nat Gas I bought at 8.82 make me profits next week,let me not get a margin call.Who cares about next 100 years,let's make money today.
    Aug 25 11:52 am |Rating: 0 0 |Link to Comment
  • I.O.U.S.A.: Documentary Worth a Peek [View article]
    I read 80-100 words of it,maybe you are right long term,but today all I need is make money on my 12 mini Nat Gas and 5000$ I already did shorting and cover my 8 mini Dow.
    Let's make a deal,you be right next 100 years I will cash my chips on Nat Gas with 10000-15000$ profit.
    Good luck long term investors and thinkers,see you in heaven or hell.
    Aug 25 11:24 am |Rating: 0 0 |Link to Comment
  • Freddie's Loss is Gold's Gain [View article]
    I have read 1-3 words of it,maybe you are right.
    The charts you give have no correlation,their beta is similar as Freddie,Fannie and Gold all crashed.
    Regarding volume,better check the volume when GCwas at 1030$ looks same as FNM,FRE.If this stocks crashed why everybody thinks GC can not crash after it's 1030$ euphoria.It can crash so low that you can't imagine,just wait and see.Gold miners already are selling at 600-700$ an ounce gold.
    Aug 25 11:02 am |Rating: 0 0 |Link to Comment
  • Why Should I Own Gold? [View article]
    I read 20-25 words of it,maybe you are right.
    I have gold Rolex Daytona and it is one of my investments in gold,also I buy 5-10g gold bars and give them away instead of business card,this way I am more noticed and remembered.Also jewelry for women looks nice in general same as platinum,white gold etc.,it looks expensive.
    But as concerning value owning gold as investment,there is no sense,Central Banks have reserves from the past they don't buy new gold for reserves and stories of China Central Bank or any other country buying it is bluff,lies.
    I also like to trade GC futures and make good money on it mostly shorting on bounces.
    What sense all gold/silver/palladium stocks have at all,no sense,it is all on paper same as trading futures.
    That's why I would never own gold as investment.
    Aug 25 10:55 am |Rating: 0 0 |Link to Comment
  • Junior Gold Producers May Get Boost from M&A Activity [View article]
    I think the smarter comment would be to go short mining stocks when GC was trading at 1000$ and now cover shorts.Too little,too late.
    NEVER BUY STOCKS ON PINK SHEETS.
    Aug 25 10:40 am |Rating: 0 0 |Link to Comment
Comments by Ticker
MARK&SHARK's
Comments Stats
13 comments
Rating: 1 (1 is - 0 )