The Darkest Coal Moment Before Dawn [View article]
"The reverse of losing 50% is NOT gaining 50%, but gaining 100%"
Maybe you can extrapolate on this incredible, never before seen, insight somehow. Like say, figure out that therefore it is really good capital preservation strategy, to say, try and turn $6K in to $64 Million using hyper leverage, margin, 401K distributions, and that sort of thing.
Oh wait, you did explain all that to us already. Several dozen times over the past year.
The problem with you Mark, is that you believe an investor who makes 20% annually, is doing horrible because they really "LOST" all those great opportunities to make 30,000%, that you are pursuing with glee.
This is why you will never be able to sustain or hold in to any substantial long term market gains.
Now let's look at your quote again since the quote itself is correct but the inferences you draw from it, are 180 degrees reversed incorrect.
"The reverse of losing 50% is NOT gaining 50%, but gaining 100%"
What this should REALLY mean to you Mark, is that it is TWICE AS HARD to make your money back (because you need a 100% gain to do it) as it is to lose that 50%. In your case, since you buy on margin and continually lose, it is more like FOUR TIMES as hard to make your money back after your losses. But it is even worse than that because you borrowed money and took 401K distributions to try and make it back, and lost that too!
As a poker player I've seen hundreds of variations of 'gambler's fallacy' over the years. Never before however, have I seen such a bad variation used as an investment strategy.
Your approach is doomed to ultimately lose every dime you ever invest.
How Did It All Go So Wrong For Patriot Coal? [View article]
Indeed, the one set of campaign promises Obama has kept, is his promise to drive gas prices much higher, and to destroy coal as an energy source in the US via the EPA.
Since he was very clear about those goals, and since he appointed precisely the appointees who desperately wanted to carry them out, we must give him 100% of the credit in this case.
And of course credit is due him for causing the loss of yet ANOTHER huge number of U.S. workers in a U.S. industry.
Of course, we can credit him with destroying a few dozen / thousand jobs by denial of Keystone also.
But hey, this is only the teeniest, tiniest, tip of the icreburg in Obama's America destroying accomplishments!
The Darkest Coal Moment Before Dawn [View article]
Matt, "And should I even mention that all your statements about going all-in, and sure-bets, going on margin, and borrowing from your 401-K... in literally hundreds of postings and many articles. Apparently all of that was now just a modest 'bet' (soon to become a minor bet, I'll bet), and the loss was just a minor inconvenience that you brush off your shoulder. I don't think so."
You hit the nail on the head squarely in your entire post. Mark has been posting (as anyone can read in his comments and articles) for almost a year now, how he bought thousands of shares on margin, back when PCX was 14.xx, and all the way down from there.
He has posted over and over how he put 'every penny' in to PCX on margin. How they would never go BK, how he would make (fill in the blank) Many Millions by using maximum leverage and margin.
He has been lecturing and disparaging real investors all over the web and telling them to sell their good holding and buy PCX instead.
Now we will see the revisionist history begin. Suddenly his position in PCX will be a minor 'bet' and we'll be hearing about his gains in JRCC, or BTU, or ACI, or whatever.
Apparently, Mark believes everyone has lost all their memory cells, and 'make it all up as you go' is a good way to gain credibility. Cuts no ice with me. He has the worst investment track record I have ever seen, and PCX is it's crowning glory example.
There are plenty of concerns regarding the coal market going forward, espcially CAPP coal. A wise investor would be very cautious here.
Anthony's advice has consistently been the worst investment strategy advice I have ever come across.
Why I Am Sticking With Patriot Coal [View article]
Mark Anthony, "..Everything I predicted, have fulfilled more than I had hoped for. The US coal bull is coming and it is much bigger than any one expected.."
Huh? You predicted last August in the first week that coal and PCX would be skyrocketing to triple digits in the Fall and that it was a certainty. That's why you bought thousands of shares at 14.xx using all your available resources and fully margined according to you. YOu must have been either;
a) Margin called out since then and had to buy more with borrowed money or b) You are down multiple hundred percent.
This does not look like 'everything you predicted' came true at all from my perspective.
A drop from 25 to 1.xx is hardly what you predicted when you pounded the table incessantly about your maxed out buys at 14.xx
Or are you going to repeat that line you stated before that if a position drops 95% after you take it that is a 'good thing' because the weak hands are shaken out?
Or maybe you will repeat the line about how you will become a millionaire buying PCX even if it drops to 1 cent? because then you can, what, presumably keep finding more sources to borrow from to buy more shares? This is the stuff of desperate foolhardiness, not the stuff of investing.
Perhaps that's why you think 5K can be turned in to $106 Million as you stated here
The Darkest Coal Moment Before Dawn [View article]
Amen to that Junc Bond. Mark Anthony is the greatest danger to logic, reason, and valuable investment strategy discourse I have ever come across.
And Props to you for being the one who laid out in detail for everyone to clearly see, the BK risk in PCX, well before it occurred, in your article here and in comments.
Anyone interested in how to value coal companies would be well served to read Junc Bond's analysis and comments. You'll learn more from that in 20 minutes than you would learn in 8 lifetimes from Mark Anthony. (Not to mention, Junc Bond's analytical comments are spot on where Anthony's analytical methodology is systematically shallow, and/or fraudulent).
Patriot Coal: What A Short Squeeze Looks Like [View article]
Mark A "today's stock market is extremely rigged and it is a war zone, more bloody than even the real war. Consider your dollars invested as individual soldiers. Most of them do not come back to you. A few that does come back, brings home a tons of POWs as your win."
Quite simply one of the worst analogies and worst pieces of general investment advice I have ever come across.
There is no battle or 'win' in investment. It is about growth and preservation of investment capital. If you think it is all a rigged game, then you of all people have no business in the market, since whoever 'they' are that manipulate it, are surely better at it and more savvy than you are.
Investment is about objective research, sector diversification, being in touch with developments in global and domestic economy, value assessment, risk mitigation, solid companies with a solid balance sheet and sound forward business prospects, and many more associated factors.
Your emotional and infantile approach is a cult like, 'us vs them' approach. This has always been the kind of thing advocated by those who are perpetual losers in the investment arena. You clearly have not the slightest clue what genuine investment strategy is all about.
Why I Am Sticking With Patriot Coal [View article]
"As for you, please just go away once you break even. You are not a believer and so this money is not for you to make"
This is the statement of an emotion driven faith based investor. Not an objective analytical real investor. No wonder you are so seriously in the red on PCX. And your continuous invective of disparaging comments to successful investors who limit risk, is not becoming for someone with such a terrible investment track record as yours.
James River Coal: Now Might Be A Good Time To Go To Cash [View article]
Mark, everytime I read something from you, you drop lower on the credibility meter. You are currently pegging the scale at zero.
Explain to us all how it is possible to fully leverage yourself in PCX at 14.xx with thousands of shares, 14X where it is now, using all your available resources. Be down therefore 190% or worse. Have no capital to meet your margin calls.
And now tell us you have a break even point below 2, because you made a 401K withdrawal? I guess we are supposed to believe you had what, a Million or so in your 401K plan? heh, with your track record, I am guessing it can't be more than a 5 digit balance at best.
But then, we have seen these kinds of stories before a few dozen times, so I suppose I should be used to it by now.
MarkA, there you go with Gambler's fallacy again. Just like in article and comments;
"The Darkest Coal Moment Before Dawn" where you said, "The reverse of losing 50% is NOT gaining 50%, but gaining 100%"
Maybe you can once again extrapolate on this incredible, never before seen, insight somehow. Like say, postulate that it is really good capital preservation strategy, to try and turn $6K in to $64 Million using hyper leverage, margin, 401K distributions, and that sort of thing.
Oh wait, you did explain all that to us already. Several dozen times over the past year, when you kept putting 'all your available funds' according to you, in to PCX before it went BK.
The problem with you Mark, is that you believe an investor who makes 20% annually, is doing horrible because they really "LOST" all those great opportunities to make 30,000%, that you are pursuing with glee, each time you lose all your money and learn nothing in the process.
This is why you will never be able to sustain or hold in to any substantial long term market gains.
Now let's look at your quote about 50% losses again since the quote itself is correct but the inferences you draw from it, are 180 degrees reversed and incorrect.
"The reverse of losing 50% is NOT gaining 50%, but gaining 100%"
What this should REALLY mean to you Mark, is that it is TWICE AS HARD to make your money back (because you need a 100% gain to do it) as it is to lose that 50%.
In your case, since you buy on margin and continually lose your entire investment in plays like PCX, it is more like FOUR TIMES as hard to make your money back after your losses. But it is even worse than that because you borrowed money and took 401K distributions to try and make it back, and lost that too!
As a poker player I've seen hundreds of variations of 'gambler's fallacy' over the years. Never before however, have I seen such a bad variation used as an investment strategy.
Your approach is doomed to ultimately lose every dime you ever invest.
The Darkest Coal Moment Before Dawn [View article]
"PCX surrender without firing a single shot. That's very suspicious. Ohter companies in other sector had struggled very hard to try to survive and would only file when all hopes were dashed."
Actually, as you recall, they spent weeks, probably months, in negotiations with potential funding partners, institutions, legal teams, Blackrock capital, reorganization experts, etc etc etc.
All as the situation in the CAPP coal arena continued deteriorating.
This is quite the opposite of just waking up on a whim one day and saying, "I know, no need to think about this at all or expend any energy, let's file a BK when our debt payment comes due!"
and read the comments therein, it is a veritable treasure trove of MA gems. I particularly like his statements regarding PCX and his statements that 'everything I predicted has some true'.
Patriot Coal Bankruptcy Is A Reminder For Investors [View article]
No problem Mark. Coal is up! But might I suggest you downsize a little, Instead of talking about turning 5K in to 10 million in 6 months on PCX as you did here;
Perhaps you could downsize a bit now after this 200% margined loss of all your assets, and instead, maybe go for, say, ummm,
turning $10 dollars in to say $50,000, in JRCC over the next six months?
Incidentally, loved all your 'chicken little' and 'are you mice or men' posts! You did quite a bit of bloviating over the past week yes?
*********
"..Chicken Littles Rush To Sell I Am Buying! 5-Jul-12 10:07 am Chicken Littles Rush to sell your PCX shares and take your 30% profit away. Or go away with a break even, or a loss. Whatever. I am buying more PCX shares and holding on for much bigger gains. You are scares on a day when you lose 20%. You are equally scares on a day you gain 30%. You simply can not hold a position for long. WHY? I have been pounding on the table telling you this is the best investment in 2012. You can gain 50 foldin one year, from $1.05 to $63."
************
All your posts are great entertainment Mark, I must say.
But if we believe all your 'buys' in this months long long thread from last August, you lost about $500,000 or more in PCX from your buys at 14.xx, 13.xx, and 12xx, 'fully margined' according to you.
Why I Am Sticking With Patriot Coal [View article]
"Mark is up 80% over past 5 days on PCX. Give credit where credit is due."
OK, lets do that. He has stated as others posted elsewhere that he bought thousands and thousands of shares last August at 14.xx on margin. Since then he claimed to buy thousands more as it fell. Since them he claimed to borrow and take taxable distributions from a 401K to buy more. You do the math. He may be up 80% on any shares he happened to get at the absolute low, but overall he must be down several hundred percent being he buys on margin an believes he should always be fully leveraged with every dime available
Why I Am Sticking With Patriot Coal [View article]
Shorts are getting desperate? With PCX dropping more than just about any other listed security over the past year? And sitting at 1.25? all righty then! If you say so. We should all be so 'desperate' as to make the massive gains coal shorts have made.
What's Next For Undervalued Coal Stocks? [View article]
Mark, I can't say your analysis methods and bloviations about being a millionaire have any credibility whatsoever, particularly with your record of horrifi and continuous market losses.
But I will admit that the comedic value of posts like this last one is 'priceless'!!
The Darkest Coal Moment Before Dawn [View article]
Maybe you can extrapolate on this incredible, never before seen, insight somehow. Like say, figure out that therefore it is really good capital preservation strategy, to say, try and turn $6K in to $64 Million using hyper leverage, margin, 401K distributions, and that sort of thing.
Oh wait, you did explain all that to us already. Several dozen times over the past year.
The problem with you Mark, is that you believe an investor who makes 20% annually, is doing horrible because they really "LOST" all those great opportunities to make 30,000%, that you are pursuing with glee.
This is why you will never be able to sustain or hold in to any substantial long term market gains.
Now let's look at your quote again since the quote itself is correct but the inferences you draw from it, are 180 degrees reversed incorrect.
"The reverse of losing 50% is NOT gaining 50%, but gaining 100%"
What this should REALLY mean to you Mark, is that it is TWICE AS HARD to make your money back (because you need a 100% gain to do it) as it is to lose that 50%. In your case, since you buy on margin and continually lose, it is more like FOUR TIMES as hard to make your money back after your losses. But it is even worse than that because you borrowed money and took 401K distributions to try and make it back, and lost that too!
As a poker player I've seen hundreds of variations of 'gambler's fallacy' over the years. Never before however, have I seen such a bad variation used as an investment strategy.
Your approach is doomed to ultimately lose every dime you ever invest.
How Did It All Go So Wrong For Patriot Coal? [View article]
Since he was very clear about those goals, and since he appointed precisely the appointees who desperately wanted to carry them out, we must give him 100% of the credit in this case.
And of course credit is due him for causing the loss of yet ANOTHER huge number of U.S. workers in a U.S. industry.
Of course, we can credit him with destroying a few dozen / thousand jobs by denial of Keystone also.
But hey, this is only the teeniest, tiniest, tip of the icreburg in Obama's America destroying accomplishments!
He's really done quite a lot.
The Darkest Coal Moment Before Dawn [View article]
"And should I even mention that all your statements about going all-in, and sure-bets, going on margin, and borrowing from your 401-K... in literally hundreds of postings and many articles. Apparently all of that was now just a modest 'bet' (soon to become a minor bet, I'll bet), and the loss was just a minor inconvenience that you brush off your shoulder. I don't think so."
You hit the nail on the head squarely in your entire post. Mark has been posting (as anyone can read in his comments and articles) for almost a year now, how he bought thousands of shares on margin, back when PCX was 14.xx, and all the way down from there.
He has posted over and over how he put 'every penny' in to PCX on margin. How they would never go BK, how he would make (fill in the blank) Many Millions by using maximum leverage and margin.
He has been lecturing and disparaging real investors all over the web and telling them to sell their good holding and buy PCX instead.
Now we will see the revisionist history begin. Suddenly his position in PCX will be a minor 'bet' and we'll be hearing about his gains in JRCC, or BTU, or ACI, or whatever.
Apparently, Mark believes everyone has lost all their memory cells, and 'make it all up as you go' is a good way to gain credibility. Cuts no ice with me. He has the worst investment track record I have ever seen, and PCX is it's crowning glory example.
There are plenty of concerns regarding the coal market going forward, espcially CAPP coal. A wise investor would be very cautious here.
Anthony's advice has consistently been the worst investment strategy advice I have ever come across.
In the end,
Why I Am Sticking With Patriot Coal [View article]
"..Everything I predicted, have fulfilled more than I had hoped for. The US coal bull is coming and it is much bigger than any one expected.."
Huh? You predicted last August in the first week that coal and PCX would be skyrocketing to triple digits in the Fall and that it was a certainty. That's why you bought thousands of shares at 14.xx using all your available resources and fully margined according to you. YOu must have been either;
a) Margin called out since then and had to buy more with borrowed money or
b) You are down multiple hundred percent.
This does not look like 'everything you predicted' came true at all from my perspective.
http://yhoo.it/I8UTnk
A drop from 25 to 1.xx is hardly what you predicted when you pounded the table incessantly about your maxed out buys at 14.xx
Or are you going to repeat that line you stated before that if a position drops 95% after you take it that is a 'good thing' because the weak hands are shaken out?
Or maybe you will repeat the line about how you will become a millionaire buying PCX even if it drops to 1 cent? because then you can, what, presumably keep finding more sources to borrow from to buy more shares? This is the stuff of desperate foolhardiness, not the stuff of investing.
Perhaps that's why you think 5K can be turned in to $106 Million as you stated here
http://bit.ly/Oy8MCo
As I said before Mark, you are pegging zero on the credibility meter.
http://bit.ly/IejAPT
The Darkest Coal Moment Before Dawn [View article]
And Props to you for being the one who laid out in detail for everyone to clearly see, the BK risk in PCX, well before it occurred, in your article here and in comments.
http://seekingalpha.co...
http://bit.ly/PT8B5k
http://seekingalpha.co...
Anyone interested in how to value coal companies would be well served to read Junc Bond's analysis and comments. You'll learn more from that in 20 minutes than you would learn in 8 lifetimes from Mark Anthony. (Not to mention, Junc Bond's analytical comments are spot on where Anthony's analytical methodology is systematically shallow, and/or fraudulent).
Patriot Coal: What A Short Squeeze Looks Like [View article]
"today's stock market is extremely rigged and it is a war zone, more bloody than even the real war. Consider your dollars invested as individual soldiers. Most of them do not come back to you. A few that does come back, brings home a tons of POWs as your win."
Quite simply one of the worst analogies and worst pieces of general investment advice I have ever come across.
There is no battle or 'win' in investment. It is about growth and preservation of investment capital. If you think it is all a rigged game, then you of all people have no business in the market, since whoever 'they' are that manipulate it, are surely better at it and more savvy than you are.
Investment is about objective research, sector diversification, being in touch with developments in global and domestic economy, value assessment, risk mitigation, solid companies with a solid balance sheet and sound forward business prospects, and many more associated factors.
Your emotional and infantile approach is a cult like, 'us vs them' approach. This has always been the kind of thing advocated by those who are perpetual losers in the investment arena. You clearly have not the slightest clue what genuine investment strategy is all about.
Why I Am Sticking With Patriot Coal [View article]
This is the statement of an emotion driven faith based investor. Not an objective analytical real investor. No wonder you are so seriously in the red on PCX. And your continuous invective of disparaging comments to successful investors who limit risk, is not becoming for someone with such a terrible investment track record as yours.
James River Coal: Now Might Be A Good Time To Go To Cash [View article]
Explain to us all how it is possible to fully leverage yourself in PCX at 14.xx with thousands of shares, 14X where it is now, using all your available resources. Be down therefore 190% or worse. Have no capital to meet your margin calls.
And now tell us you have a break even point below 2, because you made a 401K withdrawal? I guess we are supposed to believe you had what, a Million or so in your 401K plan? heh, with your track record, I am guessing it can't be more than a 5 digit balance at best.
But then, we have seen these kinds of stories before a few dozen times, so I suppose I should be used to it by now.
Stockpile Drawdown Signals Strong Coal Rebound [View article]
"The Darkest Coal Moment Before Dawn" where you said,
"The reverse of losing 50% is NOT gaining 50%, but gaining 100%"
Maybe you can once again extrapolate on this incredible, never before seen, insight somehow. Like say, postulate that it is really good capital preservation strategy, to try and turn $6K in to $64 Million using hyper leverage, margin, 401K distributions, and that sort of thing.
Oh wait, you did explain all that to us already. Several dozen times over the past year, when you kept putting 'all your available funds' according to you, in to PCX before it went BK.
The problem with you Mark, is that you believe an investor who makes 20% annually, is doing horrible because they really "LOST" all those great opportunities to make 30,000%, that you are pursuing with glee, each time you lose all your money and learn nothing in the process.
This is why you will never be able to sustain or hold in to any substantial long term market gains.
Now let's look at your quote about 50% losses again since the quote itself is correct but the inferences you draw from it, are 180 degrees reversed and incorrect.
"The reverse of losing 50% is NOT gaining 50%, but gaining 100%"
What this should REALLY mean to you Mark, is that it is TWICE AS HARD to make your money back (because you need a 100% gain to do it) as it is to lose that 50%.
In your case, since you buy on margin and continually lose your entire investment in plays like PCX, it is more like FOUR TIMES as hard to make your money back after your losses. But it is even worse than that because you borrowed money and took 401K distributions to try and make it back, and lost that too!
As a poker player I've seen hundreds of variations of 'gambler's fallacy' over the years. Never before however, have I seen such a bad variation used as an investment strategy.
Your approach is doomed to ultimately lose every dime you ever invest.
The Darkest Coal Moment Before Dawn [View article]
Actually, as you recall, they spent weeks, probably months, in negotiations with potential funding partners, institutions, legal teams, Blackrock capital, reorganization experts, etc etc etc.
All as the situation in the CAPP coal arena continued deteriorating.
This is quite the opposite of just waking up on a whim one day and saying, "I know, no need to think about this at all or expend any energy, let's file a BK when our debt payment comes due!"
The Darkest Coal Moment Before Dawn [View article]
Those are all some of my fave quotable quotes as well. But if you read this article by Mark
http://seekingalpha.co...
(My my. was it ONLY 2 weeks ago?)
and read the comments therein, it is a veritable treasure trove of MA gems. I particularly like his statements regarding PCX and his statements that 'everything I predicted has some true'.
Patriot Coal Bankruptcy Is A Reminder For Investors [View article]
http://bit.ly/NgtPXI
or 6K into 64 Million as you did here
http://bit.ly/Nl10If
Perhaps you could downsize a bit now after this 200% margined loss of all your assets, and instead, maybe go for, say, ummm,
turning $10 dollars in to say $50,000, in JRCC over the next six months?
Incidentally, loved all your 'chicken little' and 'are you mice or men' posts! You did quite a bit of bloviating over the past week yes?
*********
"..Chicken Littles Rush To Sell I Am Buying! 5-Jul-12 10:07 am
Chicken Littles Rush to sell your PCX shares and take your 30% profit away. Or go away with a break even, or a loss. Whatever.
I am buying more PCX shares and holding on for much bigger gains.
You are scares on a day when you lose 20%. You are equally scares on a day you gain 30%. You simply can not hold a position for long. WHY?
I have been pounding on the table telling you this is the best investment in 2012. You can gain 50 foldin one year, from $1.05 to $63."
************
All your posts are great entertainment Mark, I must say.
http://bit.ly/IejAPT
But if we believe all your 'buys' in this months long long thread from last August, you lost about $500,000 or more in PCX from your buys at 14.xx, 13.xx, and 12xx, 'fully margined' according to you.
http://bit.ly/I1zcbK
I think that wound licking may take awhile.
Why I Am Sticking With Patriot Coal [View article]
OK, lets do that. He has stated as others posted elsewhere that he bought thousands and thousands of shares last August at 14.xx on margin. Since then he claimed to buy thousands more as it fell. Since them he claimed to borrow and take taxable distributions from a 401K to buy more. You do the math. He may be up 80% on any shares he happened to get at the absolute low, but overall he must be down several hundred percent being he buys on margin an believes he should always be fully leveraged with every dime available
Why I Am Sticking With Patriot Coal [View article]
What's Next For Undervalued Coal Stocks? [View article]
I can't say your analysis methods and bloviations about being a millionaire have any credibility whatsoever, particularly with your record of horrifi and continuous market losses.
But I will admit that the comedic value of posts like this last one is 'priceless'!!