frustrated@CSCO -- trotsky, 17:54:25 09/19/06 Tue
recently there actually HAS been some momo in CSCO - but as always, Cramer is late to the party. in any case, CSCO is overloved and overowned. there are hardly any shorts in it, so no help from short covering. it's valuation and fundamentals are lousy, and it has truckloads of calls outstanding. so i don't think Cramer's audience will find happiness with CSCO. also, recall WHEN he jumped aboard the gold/commodities train - so far that was a topping sign. now that he has jumped off the commodities train it's probably time for a more durable correction low.
#
# mozel@moonwalk -- trotsky, 17:47:25 09/19/06 Tue
yes, and you have seen a few internet sites where people claim to have 'proof' (which upon closer inspection, isn't much proof at all) that it all was a hoax. and that makes you whoop-tee-do what? (gullible is the word you're looking for).
i'm not sure what you mean by 'you people' - you can hardly be able to categorize me with any group of people, since you don't really know me. in any event, you think i'm 'dangerous' because i don't subscribe to the wingnut theory of the moonlandings? ROFLOL! you should try stand-up comedy.
# @unexpected help from Cramer -- trotsky, 15:54:55 09/19/06 Tue
this is great news...he has a strong tendency to hop aboard trends just as they are about to end.
as an aside, recommending CSCO is nuts regardless of what happens with commodities from here on.
#
# RIP@Hunts link -- trotsky, 15:19:02 09/19/06 Tue
i don't have one handy, but i'm sure you can google it. their philosophical bent regarding monetary issues has been widely reported, so it should be easy to find references. if i recall correctly they at one stage controlled over 70% of the known above ground silver supply at the time.
#
# RIP@Hunts -- trotsky, 15:01:47 09/19/06 Tue
well, if what i have read about them is to be believed, they were convinced the monetary system to be doomed in the 1970's.
iow, they expected metallic money to make a comeback, and silver was their vehicle to come out whole from the expected financial system collapse. obviously it didn't work out, but the Hunts weren't playing for FRNs, they played for keeps (naturally, the system destroyed them in the end).
# RIP@Hunt -- trotsky, 13:51:07 09/19/06 Tue
you wrote: "And it's not another Hunt raid.
Even he didn't want the actual metal."
this is actually not true. the Hunts stored hundreds of millions of ounces in Swiss warehouses and often took delivery on their COMEX silver contracts - this was in fact the main reason for the blow-off move, the market was well and truly cornered.
#
# @Thailand -- trotsky, 13:39:23 09/19/06 Tue
funny enough, the Thai King is in fact quite cool. he prevented the government from instituting a number of Bush-style 'anti-terrorism' laws (since these laws are modern-day Orwell-speak for creating a quasi-police state, which the King opposes).
it is the now deposed pm who's the reactionary rightwinger over there (if it's still the same one as two years ago...i haven't kept track).
anyway, he can declare 'states of emergency' all day long from is hotel room in NY - they probably won't even let him land anymore in Thailand.
this sure is a surprising development though - i always thought Thailand's democratic dispensation was quite safe. |
