1) Play the market only if you have a proven advantage.
2) Be patient; especially on down days. Remember why you got into the position in the first place.
3) Have expectations and stick to them.
4) Trust, but verify
5) It's never too late to start. Don't be afraid of buying a stock at a 52 week high. The hard work of looking for a proven winner has already been done for you.
6) For value investors, buy a value oriented fund like Third Avenue Management.
7) Take a week off. This isn't gambling.
8) If you want to gamble go to the casino.
Tuesday, December 29, 2009
Monday, December 14, 2009
HUNT BROTHERS/ XTO/ EXXON MOBIL
LAST YEAR BEFORE NATURAL GAS JUST FLAT-OUT PLUNGED, THE HUNT BROTHERS SOLD OUT THEIR FAMILY BUSINESS TO XTO WHO HAD TO BORROW TO BUY THE COMPANY.
THE HUNT BROTHERS WERE THE SMART MONEY. XTO STILL HASN'T HIT ITS ALL TIME HIGH AS NATURAL GAS IS LOW.
EXXON ISN'T WAITING. IT BOUGHT XTO, NOT AN ALTERNATIVE ENERGY COMPANY, IN EXPECTATIONS OF PROFITS IN THE NATURAL GAS SECTOR.
EXXON IS SMART MONEY. THEY BOUGHT CHEAP IN THE DEPTHS OF A NATURAL GAS GLUT.
THE HUNT BROTHERS WERE THE SMART MONEY. XTO STILL HASN'T HIT ITS ALL TIME HIGH AS NATURAL GAS IS LOW.
EXXON ISN'T WAITING. IT BOUGHT XTO, NOT AN ALTERNATIVE ENERGY COMPANY, IN EXPECTATIONS OF PROFITS IN THE NATURAL GAS SECTOR.
EXXON IS SMART MONEY. THEY BOUGHT CHEAP IN THE DEPTHS OF A NATURAL GAS GLUT.
Raising rates to slow currency depreciation
The candidate is the Australian dollar. Has it topped? Lets see.
Thursday, December 10, 2009
THAKSIN SHINAWATRA: FORMER PRIME MINISTER AND SUCCESFUL BUSINESMAN IN THAILAND
HE INVESTS IN UGANDA.
PER INTERVIEW IN THE ECONOMIST:
Are you doing business outside Thailand?
Yes. I do gold mining in Uganda. I start to get a licence. We’re not [doing] direct investment in production. We do exploration company. We set up company there. We have offshore company here for oil and gas.
UNLESS I'M NOT SEEING SOMETHING, IBI HAS A CHANCE OF GOING FROM $2.88 MILLION TO $30 BILLION (30 million ounce resource).
A MIND-NUMBING 1,000,000% GAIN
They will probably be bought out way before then, but a fraction of that percentage gain won't be that bad.
PER INTERVIEW IN THE ECONOMIST:
Are you doing business outside Thailand?
Yes. I do gold mining in Uganda. I start to get a licence. We’re not [doing] direct investment in production. We do exploration company. We set up company there. We have offshore company here for oil and gas.
UNLESS I'M NOT SEEING SOMETHING, IBI HAS A CHANCE OF GOING FROM $2.88 MILLION TO $30 BILLION (30 million ounce resource).
A MIND-NUMBING 1,000,000% GAIN
They will probably be bought out way before then, but a fraction of that percentage gain won't be that bad.
Sunday, December 6, 2009
MAGY--Follow up, it doubled in price from 1 cent to 2
Insiders to the social network for tweens backed the truck up in buying. The stock doubled and has heavy volume trading currently. A complete lottery ticket, but what tilts it into the speculators court is the insider buying. But for speculators in the stock market you need patience something that that is not favored in Las Vegas.
Speculate with broad strokes.
Speculate with broad strokes.
Thursday, December 3, 2009
What do you think of this quote concerning trading
Remember, trading isn't about understanding what's true, but understanding what most other traders are thinking.
A friend said this, but I strongly disagree with this quote. It is that mentality that won't get you ahead in trading. Of course, you can have a feeling what the herd will do. But you got to have a little bit of back bone and make a decision based on supply and demand. This is the only way of thinking that will separate this form of activity to gambling, in the form of say poker. If you want to play poker, play. But if you want to participate in the financial markets, think big! It may be a gamble, but it will surely be rewarding.
A friend said this, but I strongly disagree with this quote. It is that mentality that won't get you ahead in trading. Of course, you can have a feeling what the herd will do. But you got to have a little bit of back bone and make a decision based on supply and demand. This is the only way of thinking that will separate this form of activity to gambling, in the form of say poker. If you want to play poker, play. But if you want to participate in the financial markets, think big! It may be a gamble, but it will surely be rewarding.
Is this gold and silver rally for real?
The sceptism is holding back the breakout in gold in the marketplace, yet allowing a stealth market, until it dawns on the public about the implications of precious metals breaking out. Granted, if this is for real, everything with gold or mining in its name will be going up in magnitudes, but I believe there will be some solid investments as well. Two I bought with hesitation, since the last time I bought one, GROW, I had to sit and wait as it went from 12 to 4 then righ back up. Frank Holmes, the CEO, has been buying it up in small increments.
1) GLRE--GREENLIGHT CAPITAL REINSURANCE: My friend mentioned it because it is David Einhorn's version of Berkshire Hathaway. The catch is that the reinsurance company gives its money to Einhorn's company to manage so there is 2% gone for management (not done with Berkshire) and 20% gone concerning profits. But the 7 PE and the equity trading at 1.5 book value makes me overlook the costs because Im see the profitable opportunities that lie ahead. Additionally, Value Line is quite bullish as well.
2) GROW--Now it is, according to Yahoo finance, about 6times book value. But when gold was lower than this and gold stocks were in vogue, GROW pushed into the 30s area. So why can't it now? Frank Holmes plain spoken manner concerning why one should own gold should make him a household name and a household mutual fund as well. Their assets under management could be lit up and match PIMCO when the gold market finally peaks. Also with the potential of blowout appreciation in the items that GROW invests in, their assets under management could balloon and have the company earn record profits.
For your consideration...
1) GLRE--GREENLIGHT CAPITAL REINSURANCE: My friend mentioned it because it is David Einhorn's version of Berkshire Hathaway. The catch is that the reinsurance company gives its money to Einhorn's company to manage so there is 2% gone for management (not done with Berkshire) and 20% gone concerning profits. But the 7 PE and the equity trading at 1.5 book value makes me overlook the costs because Im see the profitable opportunities that lie ahead. Additionally, Value Line is quite bullish as well.
2) GROW--Now it is, according to Yahoo finance, about 6times book value. But when gold was lower than this and gold stocks were in vogue, GROW pushed into the 30s area. So why can't it now? Frank Holmes plain spoken manner concerning why one should own gold should make him a household name and a household mutual fund as well. Their assets under management could be lit up and match PIMCO when the gold market finally peaks. Also with the potential of blowout appreciation in the items that GROW invests in, their assets under management could balloon and have the company earn record profits.
For your consideration...
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