tripleblack

I Took My SDS up to a 60% Position Tonight After the Close

Yes. Hence my pile-of-cash plan, LOL. This is particularly true for low-volume stocks, which is where I got burned last time, despite "stops". 20% stops sold at 30-40% down.


On Nov 24 09:02 AM doubleguns wrote:

> Since all of us and most likely the hedge funds etc.....are sitting
> smiling on our stops remember that any significant down turn could
> blow right through every ones stops.
>
> Stops are not guarantees, they are hopes that a sucker..err, buyer
> will want to pay that price. I have found this out before, painfully.

Quick Chat #21- 11/23/09

Yes, I saw this, but I had already sold COS and dropped my CanRoy research. I am now pretty down on them as a class until they sort out their new formula between now and 2011, whether or not they are affected by Cap and Trade and new rules from the Legion of Czars now starting to run our country. Most are just traditional producers, of course, so while the oil sands startups would be limited to domestic sales in Canada, the rest presumably might be able to sell south of the Cap and Trade Maginot Line.

This article may actually be understating the problems, a lot depends on how our answer to Global Warming is formulated. WILL it be as currently written, and threaten some sort of econmic suicide pact? We can only hope not. My concern is also that the legislation will be just a part of the puzzle, with the rest filled in by the extra-constitutional powers flowing into the various EPA, DOE, and Czar-doms.

I suspect that "exceptions" will pop out (or more scarily, ATTEMPT to pop out) in the event that current plans for alternative fuels and energy sources "underperform". This article does a good job of laying out some very real, potential scenarios. I really hope some of our national leaders read this and understand the ramifications.


On Nov 24 03:39 AM Freya wrote:

> I left this link in another Thread but don't want anyone to miss
> it.
>
> go.infomine.com/?re=13...;tg=c.moreover.com/click/h...;f=10420
>
>
> The way I see it, any suspension in Canadian Oil Imports will be
> devasting for the US. We import 3 million brls daily and Mexico is
> almost out.
>
> How are we going to replace the Tar Sands Oil? Granted I don't know
> how much would be affected but, its not like we have much in the
> Choice of Alternatives. One alternative would be Shale Gas but seeing
> that It is Environmentally unfriendly as well, this Act might cover
> it also.
>
> I do not have the Full particulars, have heard rumors before but
> not as detailed as the above.

I Took My SDS up to a 60% Position Tonight After the Close

Freya: Yep. I sold my COS, and dropped the CanRoy's until at least 2011, if ever. As for CQP, I currently have it marked at $9.20 on my short Buy list "during the correction". I still like their game plan.


On Nov 24 03:12 AM Freya wrote:

> Triple and anyone in the Canadian Oil Sands Market.
>
> Read the following link and the Future Potential Consequences if
> this is allowed its course.
>
> go.infomine.com/?re=13...;tg=c.moreover.com/click/h...;f=10420

Too Big to Fail vs. Too Political to Regulate

You are right, Guns...

Hey, look at the bright side: At least they are predictable.


On Nov 24 08:07 AM doubleguns wrote:

> Congresses incompetence in a nut shell.
>
> "Would any rise in interest rates to contain only a modest rise in
> inflation ever be tolerated by Congress? That is doubtful, so modest
> inflation would be permitted to turn into moderate inflation, which
> would soon evolve into higher inflation and, possibly, hyperinflation."
>
>
> Just like our little debt, became moderate debt, which evolved to
> absurd debt to.........Presently astronomical debt.
>
> And then there is unfunded liabilities.
>
> Oh please don't get me started.

Chinese banking regulators warned that banks which do not respect capital adequacy rules will face sanctions that could include limits on market access, overseas investments and new branches. Jitters that Chinese regulators will aggressively curb bank lending sent the Shanghai Composite index plunging 3.5% today.

Sometimes old habits die hard. This was just a flashback to the old days for the regulators.

If not, then I guess the Chinese have decided to stop stimulating and growing their domestic market, and have found global buyers for their mountains of finished goods sitting in warehouses.

Just Call Us Subprime Sam

The deciples of Saul Alinsky are in charge. The Master's Rules for Radicals strategy is in full rigor.

Destroy the host.

Then reconstruct the marxist fantasy from the bones.


On Nov 24 08:20 AM doubleguns wrote:

> At some point one begins to conclude that our govt is on this course
> for a reason.
>
> Are they possibly trying to destroy our country from within?
>
> I don't know the answer but what what other reason for this foolishness
> other than total incompetence, total corruption, total arrogance
> to the facts and total arrogance to "We the People."
>
> No matter the answer, it has got to stop, and since they wont stop
> it "We the People" must stop it. goooh.com

The Supreme Court of South Carolina issues Admisitrative Order Suspending Forelcosure actions and sales citing HAMP Law

Others will blast the banks, for various reasons, real and unreal, but I keep seeing their determined clinging to wildly escalating loans with terms that guarantee large numbers of defaults and foreclosures, as simply insane.

The analogy I have used elsewhere is that these bankers are drowing men, clinging to the gold-plated anvil of these loans as they drag them down into oblivion.

To have this situation still rolling along, after coming so far into the Great Recession and after the intrusion of government into every aspect, just illustrates how determined they are as a group to cling to the mirage of high returns from these abusive loans. With the current environment now including laws like HAMP with actual teeth in them, the suicidal tendencies that attend this phenomenon make my anvil cartoon seem tame!

I too will keep an eye on these developments, just across the state line from my native Georgia. This has all the earmarks of a trend, to my eye...

I Took My SDS up to a 60% Position Tonight After the Close

I tend to agree, Mark, this sort of snowjob on the great masses will be attempted...

But the big money will KNOW the truth, one way or another, and the run for the down elevator will be a stampede pretty quick. With the low volume markets we see, it would not take very many of the elephants to precipitate a stampede.

I went to 85% cash a few weeks back, and I have been whittling back to 90% recently, and plan to be creeping toward 92% or more before Christmas.

I see a much bigger downside than upside for the near future.

I plan to start buying back in somewhere near 20-30% into the correction, depending upon how the weather looks, of course.


On Nov 23 11:11 PM Mark Bern wrote:

> What might be the impetus that would start the downhill slide? Well,
> one possibility could be retail sales during the holiday season.
> The will be at least two opportunities: early results from Black
> Friday (full results may not make headlines if they are much worse
> than the early findings; as MSM won't want to change course) and
> November retail sales reports. If they both are reported "better
> than expected" (regardless of whether expectations called for flat
> sales, small decrease, or small increase) we can expect the market
> to be happy again. We may not know the truth about Christmas (my
> parents went to their respective graves with that secret) until the
> 10K filings are available. By that time, year end will have passed
> and who will care? The Administration will have found some other
> distraction of great import to keep such depressing data from getting
> much press.

Quick Chat #21- 11/23/09

They might be the winners as China starts making its own high quality stainless steel - they have a high trade tarrif to protect their domestic market right now. This is high-dollar, high profit production, and is completely new business on top of any other business.


On Nov 23 05:17 PM Mayascribe wrote:

> Check out the analysts estimates for the rise in future earnings
> for China Precision Steel (CPSL). (A lot!)
>
> finance.yahoo.com/q/ae...
>
> The stock right on its 200 day MA.

Current Swine Flu News Concentrator (November 13 - xx Part 4)

LOL, yes, I read that this morning. Sold my CVM this afternoon. Featherbedding is right!


On Nov 23 02:03 PM optionsgirl wrote:

> CVM insider selling:
> www.thestreet.com/stor...;cm_ven=EMAIL_mdb_html
>
>
> I bought NVAX at $3.00. Crazy huh?

Quick Chat #21- 11/23/09

Simbol Mining - interesting tech, geothermal power + lithium from brine of the Salton Sea. Talks about ultimately supplying 25% of world demand of lithium. Venture capital backing private group. VC: Mohr Davidow Tentures and Firelake Capital, both California companies.


On Nov 23 03:37 PM Freya wrote:

> Okay, I haven't tried to find any of the companies listed in this
> link. Had it under Geothermal rather than Lithium:
>
> greentechmedia.com...

Quick Chat #21- 11/23/09

Heck with it. I am going to buy some HUD.V. Trying to second guess China is giving me a headache.

I'll park the HUD right next to GWM in my penny stock garage.

Quick Chat #21- 11/23/09

I hate it when that happens.


On Nov 23 03:47 PM SAS70 wrote:

> Maya
>
> Sold my 200K shares of MASP this morning AARRGGHH

Quick Chat #21- 11/23/09

NunaMinerals - lots of tie-ups involving Greenland minerals there, if anyone has a way of scoping out the Copenhagen Exchange. Freya, is this what you were referring to as Denmark trying to keep a handle on Greenland's resources?

China has a problem with their strategy, maybe some zero-sum thinking going on... Having captured the world market by underselling all competition, they cannot actually benefit unless they start cutting off supply, which drives up price, and which impelled their competition to look for (and find) alternative supplies, some of which may even attack China's pricing power...

I don't think they foresaw that eventuality. This could lead to a change in their plans...

Could we be looking at relaxed Chinese export quotas for REE's? Cheaper prices? Or an aggressive acceleration of supply constraints meant to beat the new sources to market? (In which case the alternative sources will be moving at light speed to crank back up, and go up in value).

Is a deeply depressed world economy the RIGHT time to use such a constraint to gain... Whatever their goal might be?

Complicated. I will have to think upon this...

Quick Chat #21- 11/23/09

Sea drakes are top predator competition for sea serpents. They evolved from flying dragons, which are smaller and lighter.


On Nov 23 02:14 PM Freya wrote:

> OG: I found it, but you researched it. South Africa has a Gold problem,
> its in my insta so where do they go?
>
> Offshore sounds good. SAfr gold, estimated to be 95% depleted.<br/>
>
> If you want Lithium, there's a concentrated Lithium project out there,
> I'll go back into my Insta to see if I can scrounge it up again.
> Might have been a byproduct of my search through Pinetree's holdings.
>
>
> Mine is not just a Pretty Face. BTW, Triple? What can a Sea Drake
> do?