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

To: cnyndwllr who wrote (94449)	11/16/2001 11:02:46 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

cnyndwllr - re: the rest of the story ? Ed; again - why the blatant misrepresentations ? Here's what I said I was holding on Oct 2: - 25% short the broad market - 10% long Oilpatch - 65% long gold/silver stocks (trading between 40-65%) - Cash from "0" to margined, up to 25% cash" ... my "margined" portfolio as you called it - was going from margin to 25% cash - given swing trades. We'll start with my 25% broad market shorts: They were not the NAZ index as you imply - but, I think you do remember when I was short the NAZ back last September at NAZ 3800 & when you & this thread were all long all the way down to the sub 2000 blow off - where you all became big bad bears; now don't you ? - I'll gladly link those posts... but, this is getting old. As Dabum has allready acknowledged; my shorts were mainly subprime lenders & credit card issuers - ie: Conseco, Providian etc... as well as a nice basket of homebuilders that gave me a decent little profit - not the homeruns of Conseco & Proividian et al.. but, none the less - a respectable hit. I haven't played the NAZ/Tech long, or short (other than a couple trades short) to any major degree for months & months... too volatile and not fundamentally cheap to tempt me on the longside. The "10% long Oilpatch" position was AFTER flipping some trades off of the OSX 58 "TURN" call - in which I began taking profits off all the way from OSX 70 to 80. Did I hit the exact day, hour & minute of the ultimate high ? No... never claimed to. Did I start taking profits early ? - yes; I did; but I was virtually the only one who could (VBG) ! All I did was what I set out to do; to catch a bottom DCB (I allready explained "WHY" I called the bottom) and then to flip the profits into an inital "zero cost basis" (key concept there) long re-entry to the patch - in which I didn't want more than an ending 10% portfolio weighting - given the quote/unquote - "still intact global recession". I went to approx a 30-35% portfolio weighted long position at the peak of that OSX "TURN" swing trade - maybe 40% max intra-day and ended up with a 10% weighting on Oct 5th (days later) that was mainly from retained DCB trading profits. - now what is so difficult to understand about that? I did good work on hitting the bottom - in fact; you didn't even acknowledge that I was heavilly short Oils and covered that very morning of the OSX 58 "TURN" and then went long... again; not a bad call in my book... and go read the Yahoo RIG thread and you tell me; if I wasn't all alone on that TURN/BOTTOM call.... and again - I was short from June 5th the patch as well (VBG) thank you...and you can ask Mr. Supplyside Econ - may he RIP if you have any questions as to if I was "all alone" on making that final exit/short call on June 5th as well. ...that takes us to the Gold/Silver position of "trading between 40-65% long... of which I am still approx 45%-50% long Gold/Silvers here... and looking to add sub XAU 45-48 fwiw - probably eating up all my cash - averaging in back down to any re-test of the alltime XAU low of XAU 41. But, presently I am maintaining closer to the high side of my "0 to 25%" cash position fwiw. The "MARGIN" only resulted when I was at a peak short level of 25%, a peak long position of 65% Gold/Silvers and then at the peak of my OSX trade - maxing approx 35%, or so - taking me into margin a bit. And as far as your comment of : {"FWIW, that was a bad call, in fact some might say a really bad call. The nasdaq went up from 1480 when you made your call to end up at 1580, THAT DAY. Gold has dropped, the nasdaq and the broad market has rallied and only your 10% oils have made any money. "} WRONG Ed. I'll repeat; I wasn't short the NASDQ Index, or the QQQ's ? - I was short subprime financials & credit card lenders... gold has dropped; but the unhedged gold stocks haven't much... just a pull back in the trading range of which I've added to - mainly NEM here at $19/$20 - again lots of calls. You guys that were long and traded long all the way from NAZ 3800 to the sub 2000 blow off last year when I was short - amaze me. You're down 2400 points and up 400 and now you're hero's ? C'Mon guys look at this NASDQ/OSX/GOLD-HUI chart over the last year, or so and then tell me with a straight face how you guys made so much money trading long - off that cliff.... siliconinvestor.com