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 : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: CuriousGeorge who wrote (93424)	2/6/2003 9:35:45 PM
From: IngotWeTrust	Read Replies (2) \| Respond to of 116953

Curious, the fact is, Ole Tony is doing what the crowd is doing...it's called intermarket spreading. Tony's long physical and short miners, and thinks he's gonna get out before everyone else does because he knows more, is prettier, etc., etc., It will bite him in the ass, as he's not as nimble as he thinks, Richard and several others are happy to point out when T.H. get's his ass up around his ears. The problem with intermarket spread trader is this: they spread all right...they leg in and out of positions because they don't have the guts to take off both positions at the same time and CAPTURE the spread. They ALWAYS pick the WRONG leg when legging out of the position instead of simultaneously taking off the position as a true spread trader would do. He's just another undisciplined mouth. His long gold is sucking wind right now, and his short miners aren't doing much of anything either, because he's too early in the game. It's more of an amusement to him, which is why he's such a "Senior Ass"...as in Sr. ANAL-yst. Figures. If you want a proper, eggheady type explanation of the intermarket spread idea he's busy trying to perfect and just can't get it right yet, look up JES' cogent treatment of same topic on Financial Sense website. Poor Tony. He thinks someone is going to ring the bell and get him out with a profit. And Ameritrade will take his churned commissions, say thank you and not even kiss him on his "anal"yst asp. He is amusement factor only...and y'gotta remember, he's only 31....all he's known is a gold bear market. He'll never tell when he closes his shorts because he can't stand the heat of losing. He's got his pride involved. And the part about being a senior analyst...is baloney. No brokerage house is permitting employees to spout on the internet, and haven't since Merrill Lynch made it verbooten about 7 years ago. gold & platinum_tutor