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Hollywood65

Hollywood65
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  • Stop Losses Are for Losers: See Green Mountain, Garmin [View article]
    Trust me. I would be happy as could be with 10% year on year.
    I guess I should quit while I'm ahead, but it is fun, and I don't get upset when my timing is off a little, and I sell too quick or set my VTSOs a little too tight and get taken out. Maybe when spring comes, and I do my golf thing, I will then retreat from my buying/selling so frequently, and stuff my mattress for awhile. My Loonies are above the U.S.$, and gaining, and maybe in another 6 months I can buy a "winter" place down South when the Loonie is worth 1.25 U.S.$
    Mar 8, 2011. 01:30 PM | 1 Like Like |Link to Comment
  • Stop Losses Are for Losers: See Green Mountain, Garmin [View article]
    I don't know about anyone else, but I feel I am being forced into being a Trader[I don't tarde on margin,shorts,calls,puts. I started buying stocks in Nov/2010,buying stocks in sectors I understand[energy], some gold/silver stocks,gold coins[fear factor/economy crash]
    I sell when I have made my exit point, or close to them[world news affects my decisions,as it should] I have then stayed in cash, to await dips in oil,silver,gold.,then buy in again,only to repeat the process.
    I have 3 accounts and am in double digit returns since Nov. If I wasn't retired I wouldn't be able to keep an eye on markets/news quite as closely. Even so, I do VTSOs. to protect my profits, and so far, my stock picking, timing am doing O.K. from what I see happening to my wife's portfolio[Mutuals,Anal... middleman.]
    I try to leave buys as long as I can to get to,at least ex-dividend date, if not longer, but will cash out, if I "feel" there will be a dip in its' price. Maybe Fama will be proven right, over time. I think the present time we are in,with sovereign debt problems, MENA turmoil, forces me to do what I am doing. I would love nothing better, than to let it"ride" and pick up dividends, and share appreciation over time. Maybe I'm nuts,but I see no alternative,for me. You guys that can trade on margin, do calls,put,shorts, all the more power to you. I don't have the knowledge base, and I am just a small fishie, slipping into the Barracuda tank,hoping I don't get noticed,garbbing a few morsels,then high tailing it back into my safe haven[cash]
    Mar 8, 2011. 01:08 PM | 1 Like Like |Link to Comment
  • Canada and Oil: A Complicated Tale [View article]
    Don't need to screw it up. Central Canada politicians are good at it. i.e. Canadian Wheat Board,Egg board, milk board,old NEP.
    We are,after all a Parlimentary Demo.,and tyranny by the majority, has always been a fact of life for us here in the West. No checks and balances re appointed Seantors,by the Prime Minister, and appointed Supreme Court judges by who? Hmm. If you say the Prime Minister again, you win!
    Mar 8, 2011. 12:51 PM | Likes Like |Link to Comment
  • Canada and Oil: A Complicated Tale [View article]
    Yah, we developed 'tude when NEP came along, as Trudeau was "training" it through Western Canada giving us the middle finger salute. Nfld starting to show some'tude too!
    Mar 8, 2011. 12:47 PM | Likes Like |Link to Comment
  • Canada and Oil: A Complicated Tale [View article]
    As a Westerner[Albertan],co... such as SYNCRUDE,Suncor,CNQ surface mine Oilsands. It is neither light,or sweet.There is some sulfur content, and putting the Oilsand into an Upgrader separates the sand, and front end processes the "OIL" so it can be piped/shipped to Refineries to be cracked etc into gasolines. It is still viscous, and standard refineries designed to handle light crude,sweet or sour, have to have front end facilities added to handle this heavy crude. Some U.S.Gulf coast refineries have added the necessary front end facilities to handle visous crude, since they import[ed?] from Venezuala, whos' crude is also heavy[viscous]and is sour also. Your choice. Canada's or Hugos'.
    Other U.S. refineries also converting to handle, but it still needs to get there[i.e. Keystone] .Western Canadian Refinery capacity is very small, and situated around the Edmonton/Ft.Sask area.
    P/S The reason it is called Synthetic, is that it needs to be upgraded/lightened[vis... wise] to make it into light,sweet crude.
    Light sweet crude oil pools are like diamonds now. Lybya has some of the lightest,sweetes[no H2S/sulfur] in the world, but their pools are old, and being drawn down quickly, even with enhanced recovery techniques. Western Canadian conventional production of both light sweet[small %], and sour light used to be over 1mmbpd, and is now less than 500K[don't sue me over these #s, if not exact],but reality is conventional oil in Western Canada sedimentsry basin is going,going - - -
    Mar 8, 2011. 12:44 PM | Likes Like |Link to Comment
  • How Much Oil Does the U.S. Have in the Ground - What Does It Mean for Investors? [View article]
    No one, in their right mind, would say there should be No environmental control/regulations in place. What are needed are Effective controls/supervision. EPA has existed for quite awhile. How well did it do on Macondo? Bloody right BP, should be forced to make the industries in the Gulf,that were affected, whole[won't happen-they don't have enough money] They bear responsibilty for the mess re ignoring warnings from their own safety personnel. The problem with BIG government, is they can NEVER seem to regulate/do anything effectively. Solution: Smaller Fed gov't working in tandem with the states directly,or indirectly affected by resource development. Just dreaming though,I guess!
    Mar 8, 2011. 10:26 AM | 1 Like Like |Link to Comment
  • Nasdaq Back Below Its 50-Day Moving Average [View article]
    "What me worry?! -Final words of Custer at Little Big Horn!
    Mar 8, 2011. 09:34 AM | Likes Like |Link to Comment
  • Why a Windfall Profit Tax Is Needed for Oil Companies [View article]
    Rick,
    Come out to Alberta where the enterpreneurial spirit is alive and well, in spite of NDP,Libs,Prog Conserv, trying their best to kill it.
    One other comment re Canadas' luck. God given resources[including oil] that allows us to export tothe U.S.[and others] that provide jobs, tax income for governments to use[squander],with a relativley small population.
    Mar 8, 2011. 09:25 AM | 1 Like Like |Link to Comment
  • Why a Windfall Profit Tax Is Needed for Oil Companies [View article]
    Freya. That experiment re state oil company was done up here. It was called PetroCanada. After years of bad[Gov't controlled management] it was eventually privatized. So much for that theory.
    You know what will happen if you have one? It would be run by public unions of course. Envision 1 guy filling your tank, another holding the gas cap,another to supervise their work, another to supervise his work, and so on.
    Mar 8, 2011. 09:08 AM | Likes Like |Link to Comment
  • Why a Windfall Profit Tax Is Needed for Oil Companies [View article]
    If sheeples want to see what a Winfall profits tax does for a countries oil production, take a look at the one the Fabian Trudeau imposed on Canada[the West] in 1980. Look at production numbers the year before, then subsequent years. It fell off the chart. An estimated 65-100 billion was re-distributed, and the economy went in the tank, as Oil Tax revenues tanked,construction of "OIL related equipment" disappeared, Oil producing Provinces[and those that supplied equipment & people] were devastated. After Trudeau was gone, it took the Cdn economy years to recover. Well meaning plans[share the wealth] when forced,coerced, ALWAYS have harmful unintended consequences. I will predict this: IF the U.S.Fed Gov't and their lackies like DOE,and EPA continue on their course your country will no longer exist, as it is. I almost think there is a secret game plan to crash the economy, so it can be made over, into a socialist utopia. There MUST BE! No group of people could possibly be as stupid as this present group re basic economics, or could they?
    Mar 8, 2011. 09:02 AM | 2 Likes Like |Link to Comment
  • Geopolitical Upheaval, End of QE2 Increase Stock Market Correction Risk [View article]
    As Goebbels said, if U tell a lie often enough, it can be made the truth[.Particularly if you control the media LSM?]
    Fascinating that lefties still spout the Bush lied,people died mantra, even though Dems, including Ms.Clinton supported the invasion of Iraq, based on the info she,and many others had access to re "Possible WMDs". FACT: Saddam Insane gassed his own people.HELLOOOOO! What is it these people don't get??
    Mar 7, 2011. 06:00 PM | 2 Likes Like |Link to Comment
  • Geopolitical Upheaval, End of QE2 Increase Stock Market Correction Risk [View article]
    Mr. Banks Really your name? Beauty!
    Mar 7, 2011. 05:54 PM | 1 Like Like |Link to Comment
  • Geopolitical Upheaval, End of QE2 Increase Stock Market Correction Risk [View article]
    HOPE & CHANGE hasn't quite kept the sheeple docile. There are stirrings, as they/we are realizing, if we keep believing in Obamas' Hope,we 'll be lucky to have any change left.
    Mar 7, 2011. 05:52 PM | 1 Like Like |Link to Comment
  • T. Boone Pickens' Extremely Bullish Energy Bets [View article]
    Sadly, the U.S. is now between a rock and a hard place[and have been for awhile re reliance on Middle East and Venezualan oil] Canada is your largets supplier, but with continuing delays re pipleine approvals by the U.S. congress,greenies etc, others[like CNOOC,Norway,are now investing/building Heavy Oil facilities, and proposed pipelines to the west coast to transport to their countries. Long term planning as they know these projects take a decade to bring into being. In the meantime U.S.Congress,DOE EPA passing out fiddles.
    Mar 7, 2011. 10:03 AM | Likes Like |Link to Comment
  • T. Boone Pickens' Extremely Bullish Energy Bets [View article]
    Crescent Point Energy is the name of the company, and it lists on the TSX as CPG.TO it shows up on Pink slips on NYE I believe.
    Mar 7, 2011. 09:55 AM | Likes Like |Link to Comment
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