Cosmo,Sgt Psycho,Princess Di, Rory et al - READ 'EM & WEEP
... I meant it when I said I would turn over a new leaf, stay more on topic; but I also said - "I would only let 'er rip, when someone really, really asked for it."
I am definitely not an instigator here going forward, but I am not of the turn the other cheek bent either...never will be.
A few sourgrapes posters here have definitely "asked for it" imho; with their comments on my trading and I couldn't resist playing the "documented" highlight film of the last few weeks for our schmarmy sniveling liberal self annoited PC Police...
Here's a review of the past few weeks with some documented posts on my larger trades - I won't try to do a play by play trading log, but just highlight & document the large position trades I made and on whom I posted publically on.
Obviously this is nothing to brag about had someone been holding QCOM et al, but its not bad for a few weeks work, some of it done comfortably from a deck chair on a cruise ship and not the breakfast nook of an Airstream parked in some seedy Texas Cowtown Trailer Park (VBG)- right Sarge ? Some of us have seen your place...
* Keep in mind; one of my main points in my comments on FGH and on becoming emotional about individual stocks and not cutting losses and getting on with life - ie: the FGH obsession-financial decimation of some here, who in some cases put all their eggs in that basket; the real cost beyond losing 67% of your investement from May, or 40%+ YTD in stocks like FGH is in "Missed Opportunities."
To drive home that point; FGH Started the month of December at $8.75 and closed at $6.6875 for a 1 month loss of -23%; God help those who were on margin... you know who you are and so do we (VBG).
Here are some of my trades this month in comparison - reflective of the cost of "missed" opportunities in FGH:
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*BHI: In $16 7/8ths - sold for a margined return of 22%
(in)
To: marc chatman who wrote (56544)
From: SliderOnTheBlack Thursday, Dec 9, 1999 10:24 AM ET
Reply # of 57699
BHI - filled @ 16 7/8 - sitting 15 3/4, 14 1/2 - then loading @ 13 1/4 & crazy @ 11 1/2.
(out)
To: Winkman777 who wrote (56593)
From: SliderOnTheBlack Thursday, Dec 9, 1999 3:39 PM ET
Reply # of 57699
I'll take a margined 22% return daytrip on BHI - out & kept a few zero basis LT shares...
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VPI: $9 3/8ths margined to $12 1/16th = +29% and 60% total margined return in a 3 weeks
VPI was my largest holding in any stock at one time during 1999 here of late and the best "large $" short term trade I have ever made. In at $9 3/8's - now $12 1/16th = +29% for a 2:1 margined total return of near 60%. I did sell some in the mid $11's - rolling the $ into $8 3/16ths XTO - now $9 1/16th = +11% at a 2:1 margined total return of 22% and still holding it all. I had also been accumulating XTO under $9 for some time and hold a large position with $12-$15 as my short & mid term price targets - which will give me a margin leveraged "double" at $12 & change.
To: marc chatman who wrote (56437)
From: SliderOnTheBlack Wednesday, Dec 8, 1999 12:40 PM ET
Reply # of 57699
hmmm; the major blowoffs do look tempting; nibbling at XTO VPI.Good point on XTO's hedging, it was also virtually the las one to collapse here. VPI is perhaps "the" anomaly pureplay on crude oil fwiw.
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* my version of Razor's runts -
RRC +24%
MEXP +16%
TMR + 7%
CRK + 7%
*Took 25% of my portfolio and bought small caps yesterday per the post below; those were the one day returns by the way - read 'em & weep Sourgrape Doubting Thomases(VBG)!
ie:
To: Olaf Koch
From: SliderOnTheBlack Thursday, Dec 30, 1999 2:28 PM ET
Reply # of 57699
Small caps; emotion/logic - margin control and the technicals were begging to be bought imo.
... sometimes it pays to turn on a dime....Bought a small cap position equal to 25% of my total portfolio.
Bought CRK RRC for both fundamental & technical reasons; bought TMR on the technicals - still not my fav' on fundamentals - but it looked like time (VBG), and drum roll.... please: MEXP - yes, Miller Exploration - for a very moderate, small "gambling" fix (VBG).
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I wont mention the EOG's , the NBL's , the EVER's and one of my fav's UPR which I am building and buying on each dip. These were smaller positions. I am not saying every trade I made was profitable. I danced in & out of OEI and a few E&P's early in the month - own OEI still at a total cost basis of $7 3/8th-5/8ths or so and happy & holding. My main point is that I will not and do not hold and ride losses, infinitely doubling down in an emotional, hypnotic-obsessed fashion. I also don't put all my eggs in one basket and bet on any one company. I sometimes make large quick trades, but with stop loss orders and only when & if I can watch the tape - tic, by tic. If the stock reacts the opposite of what I expect - like RRC did on the closing of the JV with First Energy, I cut my losses, or at least, dramatically trim a major trading position. What I do not ever do - is to stand there like a "Deer in Headlights" and watch it go down and down & down and down... There is simply way too much volatility and way too many rotation ideas to ever feel any one stock is going to run away from you. If it does - so what ! How many times has FLC come back to me this year, or the OSX itself ?
I also don't mean to cut & paste all my trading posts, nor do I plan to post every buy & sell on every trade I make in the future to put an end to the sourgrapes crowd of Q, Rory, Cosmo, princess Di, Sgt Psyho et al; who keep insinuating that I am making up these trades; but I could not resist - rubbing some noses in it today.... so please excuse the hubris - I could not resist given the tirade of anti-$lider posts of late (VBG).
Success is the sweetest revenge... aint nothing like winning.
PS Big Bull, not lumping you in that group; but - didn't you say something about - "E&P's will drool and service stocks rule " ? or something like that ? - trust me; It's an E&P Game right here & right now - bank on it.
*** Read the free Research report from Soloman Smith Barney where they comment on the E&P subsector as being at a 6 year historic low valuation point and having 30-40% immediate upside, they even document the prior short term spikes that these stocks have had in the past when they reached these levels. - stocks like $8 XTo, or VPI near $9 with its fundamentals vs. chasing SII near $50, ESV low $20's etc. and the fact that most OSX stocks are at, or close to their prior 52 week highs, while the E&P's here , still have 50% upside to just their recent highs of September, before Nat Gas started retracing.
Petrie Parkman's guy had a great comment on CNBC that the "Exploration & Production" companies had the single best Earnings upside for 1H 2000 of any single sector in the market. - E&P's reap the daily benefit of $26 Oil here, they don't need for someone's executive committee, or BOD to okay a $150M Cap Ex expenditure, for a consortium of banks to agree to finance it, to wait for 12 mos. to build it & get paid for it etc. - they get it as they pump it - DAILY (VBG) - $26 Oil and 6 year low valuation multiples ? = the E&P's baby... / but, not saying that RIG at $24 where Princess Di couldn't pull the trigger - wasn't a no brainer etc... :) Gotta know one - when you see one...
What a way to end a year - up over 40% in the month of December alone; I'll acknowledge a bit of timing luck on the small caps - but, I'll claim the stock picking on VPI et al... and above all; I don't lose money by "missing opportunities" sitting in DEADMONEY like FGH. - by the way, I would and am buying a fab co here - UFAB. I like the % upside and the "cleaner" nature of it vs. FGH at this point. Also, they don't need $150 M orders to merely maintain the backlog. They are a more nuts & bolts/picks & shovels fab co and earlier cycle play than FGH.
Not to say that "if & when" FGH shows me the money - with a series of $150+ M New Rig orders AND "if" the industry commences on any type of new build construction program of any consequence; that I would not go long FGH in a heartbeat. It is allright to love 'em & leave 'em - or to piss on 'em one day and buy 'em on margin the next - IF ! there is reason to do so technically, or fundamentally - its emotionless, cold hearted profiteering - nothing more, nothing less; allways was - allways will be...allways should be !
Save the "emotion" for your family, the dog, the cat or your favorite NFL team, not stocks... or, someday you too will end up in a rented Airstream in some seedy Texas Trailer Park - daytrading a 100 share lot of FGH while you fight imaginary electronic communists trying to manipulate the global financial markets via a single Yahoo message board... ROFLMAO~
Adios ~ - off to the party, have a safe one everyone and if you are one of the "double J&B" crowd - let the wife drive to the VFW tonight - okie dokie ? |
