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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: Proud Deplorable who wrote (23273)12/9/2004 1:04:22 AM
From: marcos  Read Replies (2) | Respond to of 312433
 
Lol ... yeah you are doing better today ... you mention Lassonde - he was interviewed the next day or two after 'selling', said it wasn't a sale of a long position but an options exercise, they were ten-year options about to expire and he said he wished they'd been twenty-year, then he'd just let them ride .... this was in a post on russ' epic thread i think ... so it's not an indication that he expects the market to tank .... a little correction like this is just normal in bull runs, they can be a lot more brutal too, really shake it up, but still resume the bull trend after

[edit] - Message 20816774
... patron responds to that saying why didn't he exercise and just keep the shares, but the tax implications of doing so almost prohibit it .... there is another post somewhere with a good long interview



To: Proud Deplorable who wrote (23273)12/9/2004 2:11:55 AM
From: TrueScouse  Read Replies (1) | Respond to of 312433
 
emerson:

Marcos has a point. Something like 50% of the last 50 posts have been yours, and I have to say that none would have given me anything useful for trading the markets. When you're logging in from Nicaragua you like to focus on the meat -- making money on junior mining stocks -- and time is at a premium!

Attacking Lassonde is another strange focus for your posts, given that he is one of the very few senior mining executives in the world that exposed the negative effect of majors' hedging and spoke out against it. And NEM's stock has benefitted accordingly. And why shouldn't GLD sell a chunk of gold if their investors decide to do the same? Isn't that the way it's supposed to work? You should focus on why major GLD investors are selling -- i.e. the fundamentals and technicals of the PMs markets -- and not on the mechanics of balancing the fund.

Regards,
Howy