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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (439)	8/19/2005 8:22:15 PM
From: ecrire	Respond to of 50652

A lot is being made of the sharp increase in Gold Commercial shorts which, on the face of it, looks bearish.However, having been involved both on the commercial as well as the speculative side of commodities for some years, I have seen numerous instances of such a robotic analysis being very untimely.I realize that gold has it's own characteristics and probably managed and manipulated, but if a real trend, of solid demand foundation is ever established, it will persist and overcome the occasional barrier. I just don't know whether we are at such a juncture.

To: SliderOnTheBlack who wrote (439)	8/20/2005 10:50:17 PM
From: Frank Pembleton	Read Replies (1) \| Respond to of 50652

Slider, congrats... I see you knocked the paper traders off your thread. <vbg> about friggin time...!

To: SliderOnTheBlack who wrote (439)	8/20/2005 11:55:17 PM
From: sandiegobear	Read Replies (1) \| Respond to of 50652

re: SubPrimes... most people are already familar with the recognized "names" in the SubPrime Sector like NEW, or LEND,or NFI (not looking too good here and certainly on DEATH WATCH @ 30% of the float Short. NFI has been counted out several times in the past but it's always come back because of its banked cash, enough to pay the current (large) dividend for about two years. It's really a pretty conservatively run company, by sub-prime standards anyway. It's the only stock I trade and it makes large moves on a moderately predictable basis. The short position (more like 50% of the float really) is what drives it. The shorts let up for a wild overbought run then smack it down; happens every Q, at least in the two years I've been trading it. Of course, now the housing bubble talk is adding to the pressure so there may be a pattern shift but I don't think it'll stop being a moneymaker.