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Firehawk734

Firehawk734
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  • Linn Energy: A Very Disappointing Quarter [View article]
    blkmtnbear:

    How do you like talking heads and fund managers using twitter to move the market? Fun isn't it?

    Disgusting. They should be arrested. Ridiculous.
    Feb 28 12:30 PM | 3 Likes Like |Link to Comment
  • Linn Energy: A Very Disappointing Quarter [View article]
    Todays' price action disagrees with the author, it seems. But it's only 1 day ;).
    Feb 28 12:17 PM | 3 Likes Like |Link to Comment
  • Linn Energy: One Of 2014's Best Yield Plays [View article]
    It is a shame about the short attack. I also was in on this one for the ride, and am still at an unrealized loss on LNCO for now, but what can you do? I generally buy and almost never sell, and I have confidence in the management of LINE. I only wish I would have bought on the way down. Owning some LNCO at 24 would really have been nice at this point!

    It's a shame about the short attack on this company, but the management did what they could and proceeded with business as usual. It's all you can do. I think confidence is coming back into this stock. Looks like the past couple of trading days the price has shown that. Would be great to see a 30% stock value increase in FY'14, and get this thing back up into the 40s ;).
    Dec 22 12:27 AM | 1 Like Like |Link to Comment
  • CEF Premiums: Getting All The Risk, But Only Some Of The Reward [View article]
    I'd just like to add that lately most fixed income assets have been beaten up, probably from investors fearing a massive bond selloff and therefore heading into stocks.

    Now that the 'taper' is on, there may be some actual rotation back into fixed income funds like bond CEFs instead of all the hype about a massive bond exodus.

    THe last couple of days, preferred stocks (many at a major discount, 20-30% discounted even on very good companies) and closed end funds have caught a bid. I was actually also expecting to see another big selloff when the taper was announced in these htings. But it looks like maybe the market got out ahead of it and this was already priced in, so now investors are coming back to the fixed income.

    I have many CEFs, including GGN (hope it does much better next year lol), NCV, NCZ, EHI, FAM, PHT, PFN, and FFC and HPI.
    Dec 22 12:19 AM | Likes Like |Link to Comment
  • Inflation Consequences Of QE - Per Reynard [View article]
    That is scary. And i am one of those who thinks like every other part of the market, gold is manipulated. I can't really understand it either. I would think with inflation at some point going to occur due to QE, that gold prices would be pricing it in and be much higher.
    Even if the expectation is 2-3 yrs away, I would not have expected gold prices to fall as much as they have.

    I just don't understand it I guess. If QE was really the cause for the fall of gold prices (backwards to me), then wouldn't the taper of QE be the cause for the rise in gold prices? That tells me QE would have nothing to do with the gold price, and that something else (manipulation) is the cause.
    Dec 3 01:05 PM | 2 Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! Chapter 40...  [View instapost]
    Roseanne Marathon Has Been On. Go Lions!
    Nov 29 09:44 PM | Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! Chapter 39....  [View instapost]
    Happy thnanksgiving all.

    Regarding the home buying vs rental, I also bought, I'm just complaining about the system as well ;). I own a rental home right now and also my primary of course. I was in a position to buy a nearly brand new home for about 60% off in late 2010 and converted my other home to a rental. And I'm fortunate, as my renters are wonderful. Nothing like getting rent early every month!

    I estimate that I'll have enough money in my after tax brokerage to cover the remaining home balance in about 3-4 yrs.

    It's always an interesting discussion to hear what is better, to pay off the home or to continue trying to earn interest on your money. There's pros and cons to both, and obviously once you put the money into the house, you no longer have the cash on hand (without trying to get a loan), but there's GOTTA be something wonderful about not owing a house payment monthly.

    The other thing too is while it is, from a financial standpoint, probably better to have your 100k earning interest, it's at risk in the market. The way I look at paying off debt that is accruing interest is that it's basically a risk free interest (savings) paying debt off early, if that makes sense. If I save a boatload paying the house off 15 yrs early, I could view that savings as risk free interest acquired, could I not?

    GOBBLE GOBBLE
    Nov 28 09:32 AM | 2 Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! Chapter 39....  [View instapost]
    I'm a lions fan, sorry to say. We eating at 1230 just as the game starts, the women clean up the kitchen after I do the cooking ;)
    Nov 27 06:47 PM | Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! Chapter 39....  [View instapost]
    Those of you that have studied what happens to economies as they slowly deteriorate, is it the same as what's going on in the USA? I'm talking about 0% savings rates, savers being turned into 'bad people', the continual devaluation of currency, etc?
    Nov 27 01:28 PM | Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! Chapter 39....  [View instapost]
    I tend to agree that it matters not what is reality, but only what the market says is true at the moment.

    I didn't think it was a good entry point at SP1500 but what do I know?

    I try to pay less attention to the overall index and focus more on trying to find a decent price on a good stock. There might end up being a correction but it doesn't necessarily mean every stock will fall.

    I also am trying to pick stocks that I'd actually prefer to fall so i can buy more for the long haul.
    Nov 27 12:58 PM | Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! Chapter 39....  [View instapost]
    Well, in this type of economy, savings are bad. They don't want people to save money because that means people spend less. How dare people spend less?
    'sarcasm'.

    What has this country come to? Boy...and until a couple of years ago, I didn't know there was a time when a day's work and a day's pay were considered a wash, and nobody paid income tax. I NEVER KNEW THAT. When i found that out I was furious, because as I understand it, it was sold to the public as a temporary tax for the war. But since we've been at war with somebody since forever now, I guess it's still justified.

    I always wondered why grumpy old men complained about the government. Now I get it.

    As generations die out, the new generations will experience this kind of thing. The young kids today don't know a day with telephone booths. Just the other day we drove by some place that had a telephone booth and he says "what is that thing?" I said it's a telephone booth. He said "what's the point of that?" LOL

    He's 16. He doesn't know an age of no cell phones. And so it will come to pass as my generation dies out, and he gets older. He won't remember a day when you had to physically walk into the bank. Hell, he hasn't really known a day where you have to walk into any store, because if you wanted to you could just buy anything you need/want online and have it delivered.

    I need to stop, I'm getting aggravated ;).
    Nov 27 10:22 AM | Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! Chapter 39....  [View instapost]
    I saw this coming 10 years ago. As soon as everybody gets in on the electronic (and this will probably happen as baby boomers die out, because my mother and many her age don't trust the computer), they will no longer accept paper transactions, and then they'll start charging fees and there's not a damn thing you can do about it. It's no different than wells fargo charging me fees inside my 401k. I can either just keep paying their fee, or try to move my money out. But what would be required for me to transfer my 401k to another bank would be to quit my job or take the huge penalty of withdrawal and I'm not going to do either. They got ya and they know it.

    You didn't really think electronic transactions would remain free forever did ya? lol
    Nov 27 10:15 AM | Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! Chapter 39....  [View instapost]
    I just texted my mother about the possible deposit charges and here was her response verbatim.. "Oh boy come on stupid govt...no wonder people in debt. Don't fall for that crap, KEEP SAVING" lol. Gotta love mom.
    Nov 27 09:48 AM | 1 Like Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! Chapter 39....  [View instapost]
    If this is an acceptable place to bring those discussions, I will certainly do so. Very entertaining stuff for sure. It's the only way I can get through my weeks at work sometimes ;).
    Nov 27 09:43 AM | Likes Like |Link to Comment
  • Interesting Times For All Commodities And Investments!! Chapter 39....  [View instapost]
    I'd like to hear some comments on the data that comes out from the government on jobs, housing, etc. Do you guys think the data is skewed? Do you think it's manipulated?

    I figure everything else in wall street is manipulated, why wouldn't the data that the govt departments put out be any different?

    If this type of data is manipulated for one purpose or another, how is it the best kept secret on the planet? Usually government is lousy at keeping secrets and it takes a whistleblower to be the party pooper.
    Nov 27 09:39 AM | Likes Like |Link to Comment
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