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.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: shades who wrote (62807)	4/26/2005 8:14:16 PM
From: Slagle	Read Replies (2) \| Respond to of 74559

Shades, Dunno about VLCCF now. I have some but at a much lower price; been thinkin about selling. I understand that these day rates for the big tankers is falling from an all time high just recently. If Chavez goes on the warpath or anything happens that would cause lots of Saudi oil to be brought here then that would benefit the big tankers. I believe this outfit just owns four or five boats. Phil did have X as a short but he called for a 50% cover a few days ago the same time he said cover YELL. Now it looks like he would have been better staying short both of them. He scared me out of YELL and that was a mistake. I re-shorted. Even UST blew up. Seems what happened was that they increased prices and this caused some disruptions. Think I will sell some tomorrow and box the rest with a short; don't want to pay that cap gains tax but I may have to. There is no inflation, right? How bout carpet, all petro-chemicals and now....even damn snuff and chew? Nah, theres no inflation. Slagle

To: shades who wrote (62807)	4/26/2005 8:42:00 PM
From: Slagle	Read Replies (1) \| Respond to of 74559

Shades, From the UST conference call, if I understand the CEO correctly, he cites high gasoline prices as a reason for the fall off in sales of his premium chew and snuff. Guess what he means is that J6P reached for the cheaper chew after shelling out for the expensive gas. Lots of the snuff and chew customers are these very same guys who are the tradesmen building the McMansions as that sort of work is one of the very few work environments where unrestricted spitting is allowed. I thought those guys were making the big bucks. So its come to that already? I guess soup lines are next. Slagle