I've had enough, it's time to move on...
re: Message #13787 from rhino9001 at 12/4/2008 12:51:33 AM
["Every time the volume spikes up i.e. slw, there's always
posts about "buyout coming" or "there must be big news" or
"major trend change coming" and so on.
Folks, believe it or not, there are some newsletters out there
with some large followings and a reco on a particular stock or
option can easily generate the type of volume that just occurred in slw options.
Pull up a chart of pmu and look at Sept. 26 of this year. See
the volume? Yep. It was a reco in a newsletter. All the posts
on the message board were the same hopeful comments of "good
news coming" and so on.
When you see monster volume in a stock and there's NO news,
you've GOT TO START THINKING that it was simply a reco in a
newsletter and STOP thinking that there's big news coming, etc.
Food for thought..."]
***************************************************************
Hmmm?
You want food for thought, well here's some food for thought...
1. Where on this thread, or in my posts, have you seen
ANYTHING said about "big news", or "a buyout" coming
regarding SLW?
2. What does a penny stock like "PMU" with a piddly $9 million
dollar market cap, have to do with a mainstream PM stock like
SLW?
3. And what newsletter featured, or reco'd SLW?
Talk about being THE poster child for the DNA/Losers Limp...
Please DO take this personally rhino, because YOU
perfectly represent the profile of the ultimate loser.
A complete and total mope.
Someone who is not only doomed by his own DNA, but one who
walks the losers walk, and talks the losers talk - by choice.
Someone who refuses to take responsibility for his own
wins and losses, or control of his own destiny.
... it's always someone else's fault.
... it's those damn market manipulators.
... everything is a pump & dump.
... the market is rigged.
None are so blind - as those who will not see.
People like you become so blinded by their own self pity,
that they refuse to see either value, or opportunity,
even when it appears right before them on a silver platter
(pun intended).
I get so sick of whiney-assed losers like you, who not only
want to sulk in their own self-inflicted misery, but who want
to drag those who are finding ways to be successful, down to
their level.
Well guess what?
That will not cut it HERE.
Do you think Fidelity Mutual Funds, who just started a
brand new fresh position in SLW, and who bought
29,067,640 shares for $90+ Million Dollars,
based it on some "newsletter reco"?
Does this look like one of your gold bug rag, penny stock
PMU-pump and dumps?
mffais.com
Silver Wheaton Corp (NYSE:SLW)
Owners Details
Click on column headings to sort:
Fmr Corp (Fidelity).
Institution
2008-11-14
New Holding
29,067,640 shares
$90,981,713
Or, do you think that perhaps they saw VALUE in SLW?
Of course not.
VALUE couldn't possibly exist, because if a loser like YOU
can't find it in this market, then nobody can.
And if that's not enough, you also want us to believe
that someone bought those 27,000 calls on a single trade,
because of a some perma-bull gold bug rag reco...
FYI: Those mentions on The Street.com, Real Money, and CNBC's
Fast Money came BECAUSE of the volume, and the massive
call option buys on "no news"... and on "no reco's".
The news came AFTER people like Fidelity, and that call
option buyer made their bet -- not before.
And about those "newsletters"...
I bet you subscribe to a bunch of them.
You know, the one's that told you in March of this year
when Gold broke $1,000 and the HUI was 500+... that gold
was going to $2,000 because it was still cheap if you
repriced it in 1980 inflation adjusted dollars, or because
of the new "Chinese ETF"... or because the Chinese and
Russian Central Banks were dumping dollars and buying gold,
...or because the dollar was getting ready to crash...
or because in deflation - gold would soar and the dollar
would crash...yada, yada, yada...
Sound familiar?
Of course it does.
And you sooooo wanted to believe.
They tickled your greed glands.
They teased you with visions of $2,000 gold and juniors
and explorer stocks going to the moon.
And they treated you to story, after story that told you
how smart you were, how rich you were going to get, and
how the rest of the world was going to collapse while
YOU became vindicated in your beliefs and rich beyond
your wildest dreams.
And then you got tricked, and you ended up holding the bag.
Sound about right?
Of course it does.
Let me ask you a question about those newsletters,
and perma-bull gold bug guru's...
Did they ever see a rally to sell into?
Did they ever see a top to short into, or buy puts on,
for insurance?
Did they ever tell you that deflation wouldn't be good
for gold, and that the US Dollar, not gold, or oil,
would rise?
Did they ever tell you that no one ever repriced gold
for inflation in the last 20 years, and wouldn't in
the next 20?
Did they ever tell you the truth, or just what you wanted to hear?
And in the end, did it turn out that they had your
best interests at heart - or merely theirs?
You know what...
I'm done.
I can not stand to even be in the same room with people
like you.
... I don't want to be around you.
... I don't want to listen to you.
... And I don't want to have to read your pissy little posts.
Because YOU deserve EVERYTHING that's happened to you,
EVERYTHING that's made you a loser, and EVERYTHING that's
blinded you to real opportunity.
Continue to wallow in your own misery.
Continue to believe that hard work, talent, and effort
don't matter.
Continue to dismiss value and opportunity.
Continue to be blinded to the opportunity of a lifetime
that lies ahead.
And no, it will not be easy.
It used to be.
And that's why you are, what you are.
Because over the last few years, a monkey could throw
a dart and make money in commodities.
And those perma-bull pundits could spin any yarn, tell
any story, and even when they were dead wrong...
the market still went up.
But, no longer.
Now it takes hard work, talent, and effort.
No more throw a dart environment.
No more easy.
No more lazy.
No more bullshit stories.
No more boogey man buffoonery.
No more Cheerleading.
Now, DNA rules and Darwin has spoken.
The tide has rolled out and the losers, the mopes,
the charlatans, and the cheerleaders, were all exposed
for what they were all along.
10% continue to thrive and prosper.
And the 90% gave it all back - like they always do.
For 10%, it's about getting up at 4 a.m. and scouring the
news, the Asian & Euro markets, forming a game plan for
that day, and getting a jump start advantage on the market.
...it's about pouring over charts until your eyes bleed.
...it's about reading research reports & 10 Q's while others
are watching ESPN on Sunday afternoon.
...it's about listening to earnings calls on you iPod
instead of iTunes, while you're in the gym on that treadmill.
...it's about reading the FT, or the Journal, instead of
USA Today.
And it's about listening to scouts and contrarian opinion,
instead of cheerleaders and perma-bulls.
For you... it will always be about newsletter reco's, about
market manipulators, about inside information....
and never about hard work, talent, or effort.
You will continue to be not only what you deserve to be,
but what you've always been -- a loser.
And you know what?
I'm sick of losers.
I don't want to see you.
I don't want to hear you.
I don't want you in my space.
And since I can't control mope after mope, and loser
after loser showing up here... and walking their
losers walk, and talking their losers talk - I'm going
to create a place where I can.
A place for the 10%'rs.
A place free of the 90%'rs.
A place for those who take responsibility for their own
actions and their own results.
A place for those who want to get better.
A place for those who want to make money (and a lot of it)
in BOTH up, and down markets.
A place for people who want to hear the truth and honest
opinion & commentary... and not just be spoon fed hi-lite
reels, boogey man stories, and have pom-poms waved in
their face.
And sadly that place can't be here on SI.
It can't be a place where any mope with a dial-up
connection and a $399 lap top from Best Buy can
register for FREE, create multiple-aliases, and
otherwise bitch, whine and moan for FREE.
You know what...
My parents (and life) taught me a long time ago,
that you get what you pay for.
If you think you're going to get anything other than
sales pitch, after sales pitch, or boogey man stories,
re-cycled drivel, and pom pom waving from your $99 a year
newsletters, or free web sites... good luck.
There's three types of people in this world...
-- people who watch things happen.
-- people to whom things happen.
-- and people who MAKE things happen.
And you know what?
I'm awfully tired of listening to those to whom things
always happen (and hearing their blame game).
And I'm awfully tired of listening to those who always watch
things happen (and then want to bring down those who acted)
The time has come people...
This market is going to get MUCH more difficult, before
it gets ANY easier.
It's time for those that are already part of the 10%, or
who want to become part of it... to take action.
I'm done with the losers, the free-loaders, the whiners,
and the bitchers & moaners.
I can't stop them from showing up here.
And while they don't stop anything I'm trying to do,
to be honest... they make my skin crawl.
In my real life... I don't tolerate those walking the losers
walk, or talking the losers talk.
I do not tolerate negativity, or self- pity.
Don't allow it... and don't want it around me.
So the solution is a controlled space for winners.
A loser-free zone.
A place for those who make things happen.
...stay tuned, it's coming soon.
I'll be back in a couple of weeks, and the door will
open, but it will be a narrow window of opportunity.
You'll either want to be part of it, or you won't.
No problem either way.
I don't need the money...
It's never been about money. I've had plenty of offers, and
opportunities to leave SI and write for the newsletter rags
I so despise.
Quite simply, that's not the way I was raised.
I'm not perfect. And I do like money. But, the one thing
I will NEVER do - is to sell out.
Not to those whom I despise.
I will NEVER be a part of their circle.
I will never sell out, and just tell people what they
want to hear to sell newsletters, or trading programs.
I've been VERY fortunate.
A few people noticed what I was doing here on SI, and gave
me a shot. Opened a few doors and took me under their wing.
And I got better.
A lot better.
And in the end, I think it all comes back to the way you
were raised.
I'm a jock.
I spent the first 25+ years of my life working my ass off.
From age 6 through 25, everything I got came from hard work
on the field, or in the gym.
My idol as a kid was Tom Seaver.
When I was a sophomore in High School I read his auto-
biography, and a quote in his book changed my life.
And I remember it to this day, Seaver's quote was this...
"If you weren't born with a magic wand to wave away
the hitters... build yourself a cannon to blow them away."
Now, if you aren't a baseball fan, that probably doesn't make
a lot of sense to you, so I'll explain it...
Tom Seaver wasn't born with the same degree of natural talent
that many other superstars were born with.
And he hit a period in his late teens when he wasn't as big,
or as strong as his peers. So he did something that was
virtually unheard of at that time in baseball, especially
for a pitcher...
He started weight training.
While he was physically, a bit of a late bloomer, and caught
a growth spurt post high school, he added about 30 pounds of
muscle and actually significantly increased the velocity on
his fastball and the rest is history.
Seaver wasn't blessed at birth with a magic arm. So he
built himself a cannon.
The lesson...
Hard Work.
The two most important words in the English language, and
the undeniable secret to virtually all success.
Most people want short cuts and they spend their lives
looking for magic bullets.
And there is no shortage of people out there willing to
sell it to them.
...not me.
If you want magic bullets and short cuts - you won't get them
from me.
In the end, it all boils down to the fundamentals.
...simple blocking and tackling.
In stocks... the technicals NEVER exist in a vacuum.
TA without Fundamental analysis is like breathing without air.
They compliment each other.
And in TA, it's not about "systems". It's about
the fundamentals.
...simple trend lines, support & resistance, price and volume.
No magic tricks, no crystal balls, and no "systems."
Just hard work, and the fundamentals.
That's all you need, and anyone who tells you otherwise
is just trying to sell you some smoke & mirrors.
Think about where you're at, and where you want to go,
because this market has now taken you to a crossroads
whether you want to be there, or not.
And it's going to get MUCH more difficult, before it
gets ANY easier.
At this cross roads, you will have two choices to make,
and two paths to follow...
The choice to blame the market and others, or the choice
to take personal responsibility for your own destiny.
And a choice between continuing to follow the cheerleaders,
or the scouts.
I'll see you all again in a week, or maybe two.
Until then, think about it, because it's never to late
to become what you might of been.
SOTB |
