Metal Trader; re: "Obscured by time ?", or just another chihuahua (VBG) ?
Metal; please don't take this the wrong way… here comes some flames~ your way; but they are based in a "thread reality check" that is needed upon occasion so that we can remain as much of a “Chihuahua Free Zone” as is humanly possible (VBG).
You obviously have much of value to contribute here; but in reviewing your posts here on SI below :
Member 3785298
…it appears that you are the master of the "straddle" - nothing really wrong with that; in that taking a livetime long, or short position on a sector, or individual stock and "making a call" - puts one in the batters box in front of the crowd with a pitch coming your way… and that's not nearly as comfortable as sitting in the bleachers & playing boo-bird critic…
In revewing most of your posts; one finds lots of intelligent general commentary & observations; but you seem to be very, very carefull of ever taking a specific position on the individual stock, or timing issues at hand; and again - there is no problem with that - except when you choose to play critic to those who do & most especially when you twist, manipulate & misrepresent what & when they said what they did….
Evidently you seem to feel the need to twist & misrepresent the realatively immaterial individual trades I made in a few Gold, Copper & Aluminum stocks back in May of this year - into some type of "Call" and Portfolio Weighted Shift - back then…. That is NOT what I did, or what I said.
Here is a primary example of your misrepresenting what I did in "Gold" back in May:
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To: Olaf Koch who started this subject
From: SliderOnTheBlack
May 18, 2000 4:00 PM ET
Reply #66544
<<Hey Mikey Young - GOLD (the stock) up 10% today & 11% since I mentioned it
BWDIK ?
...maybe a reason to own FCX, or the pref shares with the 12% dividend here as well - the ultimate gold-copper play ! ….....>>
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Gee; Metal ? - there really was some profitable trades in Gold back in May...WHODATHUNKIT ? ...but; I suppose the "spin" is that I, or other traders just stood their like "deer frozen in the headlights" and rode it all the way down... WRONG. Again; I don't think I could have pounded the table (your favorite term) on taking profits & using trailing stops any more often, or harder than I did... but; obviously it's to your advantage to leave that part out; just as you spun & alluded that those Gold trades back in May were not profitable as well; let alone that it was some type of portfolio shift call....typical chihuahuha ~
I made no portfolio bets of any type since my exit from the initial "Double DCB" form the April-May Nasdq blow off. I even substantially trimmed my Oil holdings. I've probably averaged 30-50% cash on a daily basis since June.
Yes; I dabbled in a couple of trades in AEM, in NEM, in GOLD , in FCX and in a few aluminums etc; but "dabbled" would be the appropriate & the keyword there…. Dabbbled; and per the post back in May; Metal; there WAS some profits made back then in Gold too.... not quite the "illusion" your comments tried to spin... again; don't try to "paint me with a broad brush" into the abyss of all those perrennial sterotypical Gold Bugs and Puuuuuuuh - Leeeeeeeeeeeeze; don't pop up here every 6 mos and try to slap yourself on the back claiming to not have done something you obviously did do... as our "chains" are still relatively sore from all the Oilpatch "max margin" bravado of the not so distant past...
In a nutshell; don't make more of my prior "dabbles" in a few individual gold, copper & aluminums back in May than what they were & don't make your claimed "initial" entry here in NEM as some great PM call - as it wasn't... and also per your "aluminums" - we'll try to remove some of that "time obscurity" as far as when you bought, what you bought and at what price.... okie dokie ...
Where my specific criticism of you comes in ; is what were you thinking; given your own comments on those issues and your quite inaccurate misrepresentation of what I actually said ?
Let's revist some of your comments of the recent past:
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<<Monday, May 15, 2000 1:50 PM ET
Reply # of 77625
slider,
its been interesting to see how parallel our approach has been. ...As you know from a previous posting I have been less convinced of the sanguine approach the man on the street is taking re. interest rates. For some the increases to come will be jaw dropping.
To find a comparable period I think one has to go back to the second half of the '80's. The 1994 correction does not share the underlying economic indications of today. If the fed is looking down at the strength of the economy they very likely feel they have a significant amount of room to work with. More than 1994. In 1994 when the rates were raised 300 bps we had unemployment rates of 6.6%. Today we have 3.9%.
The growth rate of the U.S. has been about 4% lately. The fed wants to lower it closer to 2%.
The money supply which was growing as much as 15% last year is down to a growth rate of 6%.
The three factors above all give me a very cautious outlook.
As for your non oil calls...I have been adding to Aluminum for about 6 months and have begun to accumulate PD in Copper. The aluminum market was held back by a large position being unwound by Tiger Fund and should be unleashed now.
We also discussed Stillwater Mining a few weeks back. The street is not enamoured with the management here so it might be held back and offer a laggard in precious metals.
There are techs in my opinion that are beguiling but I will wait for despondancy before buying again other than short term trading within the downward trending channel.
In summery. I agree this is as much a market for managing risk as chasing reward
MT>>
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....hmmm; I'm confused Metal; first you criticized, twisted and then completely misrepresented my intial and very immaterial individual trades (many which were quite profitable I may add) in a very few Gold, Copper & Aluminum stocks back in May; as some type of "Portflio Bet Call" that I made - way, way too early ?
Then you talk here (in May 99) of - "I (MetalTrader) have been adding to Aluminum for about 6 months and have begun to accumulate PD in Copper."
... well; time for yet another reality check here Mr. Metal - if you were accumulating PD & the Aluminums during the 6 mos prior to May 2000 - you were accumulating at prices about 50% higher than they are today... we're you not ?
Also; ie: your comments a day,or so ago here - of :
<"alcoa seems to have come to life today. perhaps the best managed company in america. buy it but don't pound the table it tends to scare the children.>>
... hmmmm; Alcoa - the same aluminum you were accumulating for the 6 mos of Dec 99 to May 2000; about 50% higher than the price today I may add ... is NOW - "coming to life"... interesting observation there Metal... or; was that a "Call" versus an observation (VBG)? - certainly your memory, or take on reality is not "OBSCURED BY TIME" there on the aluminums is it Mr. Metal ? (roflmao~).
- also; in your above post concerning my comments on being negative on the overall economy; you say quote - unquote:
< "it is interesting to see how parallel OUR approach has been" >
...then you go on to express how "cautious" you are about the US Economy; but my same comments that were "THEN" - in "parallel" to your thinking; are evidently "now" - "armagedon vs. the promise land" ...ie: your recent comments of -
<<"It was my impression that the position being presented here was promised land versus armagedon, but I could have missed a post or two.">>
Excuse me; Mr. Metals thee who is the master of obscuring reality....yes; you missed a lot more than a post, or two.... and can you spell h-y-p-o-c-r-i-t-e and c-h-i-h-u-a-h-u-a- ?
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Please; Metal - we have more than our fair share of bleacher seat chihuahua critics out there who never add anything timely, or original here; who allways straddle the "calls" they really don't make; but who also allways want to pick & choose between the winners & losers and "obscure time" at will in misrepresenting reality in the food fight du jour…
Again; Pro-Con; Bull - Bear; Techie-Gold Bug; Oil till death…. There is room for one & all here and next to timlieness, conviction & originality - the true value here comes in the diversity of the original thought commentary that is not afraid of taking a specific position in time.
Conversely - there is little value in cheap shot, ankle-biting, spin doctor, reality twisted critical reviews…
I won't go into how you loaded FST at the top, or your tech buys/holds in AOL TMPW SEPR YHOO at the tops either… I'm sure I could pick & choose from your posts & paint quite the ugly portfolio track history… especially since I never saw any posts about selling, getting stopped out etc.
I think I made my point… your comments on the economy, on commodities, on global trends have been intelligent & insightfull…. They could often be less of a "straddle" in nature - as often you wind up your comments by taking no specific position - but; nonetheless… your commentary has much more value than your criticisms… a little more accuracy & validity too.
Looking forward to some MetalTrader the observer & commentator on Metals, Commodities, the Economy... but; not the Siskel & Ebert version.... ya know what I mean Verne ?
PS - glad to hear you got yourself some NEM... now how about GOLD & HGMCY... "gold & harmony" kind of has a nice ring to it - doesn't it ?
Ciao~ |
