Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: cnyndwllr who wrote (76403)	10/16/2000 7:29:42 AM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

For those interested in LNG, activity appears to be picking up all around... CMS LNG termainal has 41 confirmed cargoes Source: Pipeline & Gas Journal Publication date: 2000-09-01 CMS Energy said its CMS Trunkline LNG subsidiary has 41 committed cargoes totaling 110 Bcf of liquefied natural gas (LNG) that will be delivered this year to its Lake Charles, LA, LNG terminal, the largest operating open access LNG import terminal in North America. "We have more cargoes confirmed so far this year than have been delivered in any year of the LNG terminal's 17-year history," said Chris Helms, president of CMS Panhandle Pipe Line Companies. The most cargoes the terminal previously received was 38 in 1983. He said he expects the number of cargoes to the terminal this year will continue to grow as long as natural gas prices remain strong. The most recent cargo marks the addition of BP Amoco as a new customer to the Lake Charles terminal. The Lake Charles complex offers delivery capacity of up to 700 MMcf/d and can store approximately 6.3 Bcf of natural gas.

To: cnyndwllr who wrote (76403)	10/16/2000 12:04:47 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

cnyndwllr ... nip, nip, nip & yip, yip, yip... Welcome - allways room for another Chihuahua in the pound. Hmmm; re: "Tech" - not quite right on your synopsis... Played the April-May blowoff/bounce - perhaps more lucky; than good. Basically it was as simple as this: - had huge "leveraged" gains from the most profitable sweetspot move of the OSX - that Feb to April pop. So I had lots of $ to play with. - I got lucky; had lots of profits in which I was very luckily positioned to be able to literally waltz into the decimated ashes of Nasdq-land and pick up the pieces & catch the updraft of a significant bounce. - No; I had not predicted the NAZ Bubble pop back then; but I am predicting it here however. - back then, just got lucky & had the cash... but ! unlike many of the "sour-grapers" here who bought into the continuation of the bubble - I walked away as I began to see insanity of these valuations "sticking" as the Fed hikes required valuation multiples to shrink; as rising rates fundamentally discount both the present & future value of earnings. - about that same time; very solid info began to surface of the inflationary effects of the Rubin/Greenspan Money Supply pump; Oil & NG gained strength & the underlying fundamentals of their inflationary impact were being denied by the market - a sure recipie for disaster. - also about this time; we started to see these 40-50% one day market cap haircuts for very minor earnings misses. - THIS was a "wake up call" that all should have heeded in Nazland, but few did. Certainly; this rather simplistic endorsement of valuation multiples being grossly inflated could no longer be ignored, but it was... the Street just gravited to fewer & fewer stocks within fewer & fewer subsectors. When the "names" started to implode, when company after company starting citing the effect of a weaker Euro, Oil & Energy prices - the writing was on the wall for anyone to see in Nasdq land. - why does it anger, or confuse so many; that someone who is very bullish, can become very bearish ? It's as if one must permanently buy into one camp; one must buy & hold for life, one can never take profits on irrational run ups; let alone short a stock that days, weeks, or months before they were bullish on ? Hell; this aint the Dallas Cowboys, it aint about "supporting & being eternally loyal" to the "home team" - this is about making money; buying & selling, both long & short - stocks. Not only can you love 'em one day & hate 'em the next; you'd better be able to do so - or, your just another splat on the roadkill highway of life... Excuse me; I've never bought into this buy & hold & love 'em for life mantra... - now concerning my "Black Friday" comments ? - I didn't know that this was some type of market-impacting watershed event that life & death was being positioned on ? I merely made a comment, my personal opinion that I certainly anticipated an implosion - a 400-600 point 2-3 day downdraft; still do ... - on "allways being right" - well; for the last 24 months; I've been virtually fully invested in 100% Oils - so yes; I guess I was "right" when being right was both cheap & right. I was surely here since the OSX 50 & $10 Oil days; Did lots of profit taking & mainly have traded since April/May - tell me how that was wrong ? Did I enter & exit Tech "right" too ? Basically only played Tech to any measureable degree during the April-May bounce; obviously that was right; did catch some S&L's cheap for a bounce too - remember WM ? and given the % return on my brief forray into the NAZ for the April-May bounce move & where we are now; I'll gladly chalk that up to being much, much more lucky than good. So; am I "allways" right ? - no of course not; but on the big market picture - been awfully "right" for 24 months straight; with no major downside, or failure to "any" sector position for 24 mos long, or short - period. Hubris; yes - but, deservedly so. Am I going to be "right" for the next 24 mos ? - who knows; I am "planning" on exiting Oils on strength & entering Gold on weakness & prudently dancing in & out of some NAZ shorts.... so only time will tell. Now I realize that "many" will want to lock my comments on entering Gold & exiting Oil on the next leg up thru 165ish into whatever will exist next "april/may" - but; obviously as a "trader" - the ability to "roll with the flow" & continually react to the ever changing economic & market conditions is what will make, or lose money for me & everyone else. re: "Black Friday" - looked like a great day for traders to take money off the table given the ME events; it was prudent for Institutional Traders to do so with OPM & for individual investors to do so with their own money. Actually we saw the alltime record individual investor outflows from Mutual Funds on Monday to Wednesday. People very smartly were pulling their money out of this market; what happend friday; was Institutional investors playing with "your OPM" money in trying to stop the freefall & outflows... again; money flows & the stats from Ameritrade etc; clearly proved that the market internals & the individual investor failed to endorse fridays NAZ rally as anything other than a desperate last gasp intervention (likely aided by the ESF) to stop the gushing blood... Excuse me; while I am full of hubris; I certainly do not think that my comments on my expectation of a Black Friday would be a pimple on an elephants ass - marketwise; nor would it represent an "agenda" to anyone with a firm grasp on reality. Obviously it's not - there is no agenda; my opinion is just that - my opinion; just like tens of thousands of others. That's what this Internet Message Board "thing" is all about - the exchange of ideas, the ability to pick up links, articles, charts, etc - both pro & con to one's own thinking. ... cnyndwllr - get into the REAL WORLD !?!?! - if you want "agenda's" - merely look to the Houses that trot out the Abbey Joseph Cohens, the Tom Galvin's, the Joe Battapaglia's etc to "sell/spin" the markets... how about the analysts that loved the Double Clicks of the world - maintaining Strong Buys from $118 all the way down to $20, before finally downgrading & encouraging their clients to get out at $18; how about all these Invetment Bankers whose analysts refused to downgrade both entire subsectors & individual companeis; because they obviously put their own interests (read AGENDA's) above that of their customers !?!?! - agenda's ? - how about all the "Penguinns" ? Or, how about Clinton/Gore's free market intervention with the SPR release... agenda's ? - you want agenda's ? - what a buffoon... We exchange opinions here. The bulk of my comments here have been broadly oriented to the denial that we are in a Bear Market, the cyclical entry opportunity into Gold stocks & the coming cyclical exit opportunity in Oils. - I don't know what "agenda" could exist ? I've spoken about very few individual stocks, certainly no small caps & you're a complete idiot if you think anyone here is, has, or can - make a "tic's" differnece in the movement of the companies, or the broader markets in our discussions here. But, out of curiosity; from under what pebble do schmarmy whiners like you continually crawl out from ? Wah, wah, wah - how dare "anyone" actually take a firm stance on any issue, or company. How dare they be so brash, so bold, so outspoken ? No, much, much better to "coffe klatch" chit-chat & continually "after the fact" throw in an occassional "glad I sold/bought such & such".... Get a life ... cnyndwllr ? - where have you been ? This thread has had a continual core of posters who've enjoyed the reparte here for over 2 years... I think I've "made my bones"... Oh yes; I know sharing the bearish; if not "reality check" posts on this not just being a "Bear Market" , but pointing out the sheer lunacy of many issues within the market certainly makes the "Bubbleonians" come out of the woodwork... But; sourgrapes & petty jealousy by any other name - remains the same ... cnyndwllr; please do us all a favor; we're all big boys here; we can take care of ourselves; so before you decide to flitter in here in "Princess-Di-esque" fashion & play critic; spend some time here & build some longterm credibility with your own contributions before trying to impersonate the "real" Chihuahua's... back to the pound for you~ Ciao

To: cnyndwllr who wrote (76403)	10/16/2000 1:00:55 PM
From: diana g	Read Replies (1) \| Respond to of 95453

Interesting and well thought-out post, Ed. I hope you will continue to contribute here. ---I'm sure that you expected a hostile response from Slider since he really hates to have anyone question his claims irt his record or suggest that his old posts be examined. ---But I thought his response wasn't too bad when his old style is considered. He's been much better about restraining his personal attacks on other posters lately. (That's been a very good thing for the thread and us all, Slider.) Let's all keep the civility going, OK? We should be able to discuss the merits of ideas without the personal attacks. ---I sure hope we here aren't going to join the Middle East in a return to hostilities!<G> regards, and welcome, Ed! diana