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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: chowder who wrote (102441)	6/10/2008 2:07:23 PM
From: Umunhum	Read Replies (1) of 206325

Anyone remember the boats? TMAR was one that cost me. TMAR cost me about $80,000, about half the money I had at the time. And yet I am so thankful that I invested in that company. I subscribed to Dorsey's Breakthough Stocks or something like that in 1998. He would fax me his hot picks every week. He recommended MRL and TMAR and I went heavily into them. A month or two later when the margin calls started coming in, I didn't know what to do. I started researching to see if I should answer the margin calls and found the Strictly Drilling thread. I hated Kollmhn initially because he kept bad mouthing the stock. I eventually ran into the Matt Simmons Paper Barrel speech and posted it on the Strictly Drilling Thread. I must have read that speech 25 times hoping that what he wrote was correct as my life savings was at stake. I then flipped everything into FLC thinking that the rigs would recover before the boats. One of the best and hardest things I ever did was taking that loss on TMAR. I bought Colin Campbell's book "The Coming Oil Crisis" and that was all I needed. I looked in vain for books on how to trade commodities and couldn't find any, so I self taught myself. I also looked for books on how to profit from Peak Oil and couldn't find any for years until Stephen Leeb's book on "How to Profit from the Coming Oil Crisis." I wasn't that impressed with the book. I think my strategies have been far more profitable. My greatest day of trading: Message 23488480 $500,000+ of profits from that day and counting. I believe I'll make well over a million before I close those positions. I am controlling 50 contracts but I only bought 1 or 2 a day. I waited so long for the 2013 to come out because at the time I thought peak oil would be here for sure by 2012 and I wanted an extra year just in case. And then they brought out the December 2013, 2014, and 2015 the same day. I hope some other people on this board followed me into the commodity market. I've been posting about buying futures since 2004. The greatest trade I ever read about was Jim P purchase of 800,000 of RRI. Mike Buckley and Uncle Frank posts about QCOM being a gorrilla have to be up there too. Quite a few posters on the Gorilla Game thread went 100% options on QCOM as it went from $40 to $800. I think most of them ending up losing most of their gains though believing in the "new paradigm" for tech. One of the worst things I ever did was read teddy's posts on the Strictly Drilling thread about Global Crossing. Big Dog said that he was a genius so I started doing research on GBLX and found all kinds of information and video conferences about how the stock was going to $500. George Gilder calling it the stock of the Decade and all my friends telling me to buy tech made me go heavily into it. It was a good lesson though because now that I have serious money, I shy away from story stocks. Cash is king and I like to buy cash flow now. The producers are going have phenomenal results in July and the stock prices are not reflecting $130 oil.

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