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.

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

To: jim_p who wrote (9768)	5/20/2008 11:22:20 AM
From: hilligas	Read Replies (1) \| Respond to of 50502

Jim: I'm normally in agreement with your posts(@ least always find them interesting and pretty accurate). But not right now at this time. This is NOT the 80's!

To: jim_p who wrote (9768)	5/20/2008 11:47:00 AM
From: RonMerks	Respond to of 50502

'I find it hard to believe that anyone would call him an expert on anything or follow his lead.' Jim the guy was featured in 2005 as one of the top performing hedge fund managers/principals- hauling in $1.5 Billion of personal income and his hedge fund has been printing money the last couple of years. Sure, he went broke years back, but if every oilman that went broke at some point in time had it held against him- we'd all be riding horses. I agree that he's an old windbag- but, what billionaire that's a regular guest on CNBC isn't? Look at Buffett- he said derivatives are weapons of mass destruction- yet, he just wrote off over a $billion dollars in losses from them. His financials are flat, his manufactured homes biz is sucking wind, and half of his old line holdings have been dead money for years. As often as Pickens is featured and glorified on CNBC- I guarantee you that he's followed by the snot nosed hedge fund traders who are probably long oil and gas at 20:1 leverage here. Can you say Amaranth? I'm short oil (USO) with a portion of my profits from scalping the semiconducter stock bounce. If my puts go to zero- they goes to zero. I figure $10 more upside and $35 downside for oil here. I like those odds. Ron

To: jim_p who wrote (9768)	5/20/2008 2:59:55 PM
From: Amark$p	Read Replies (1) \| Respond to of 50502

Having been a shareholder of Mesa, I hear what you are saying. However the real problem with Mesa was its debt, and you are correct Boone was an idiot for allowing Mesa debt to equity to exceed 80% as I recollect. Thus, Wall St took advantage of the situation and screwed Mesa shareholders/Pickens. So you are certainly correct, Boone proved to be a terrible manager while at Mesa. Nonetheless, I have now come to respect Boone Pickens opinion on energy. He is much better as an investment manager/trader than he was at running an oil & gas company.

To: jim_p who wrote (9768)	5/21/2008 8:35:00 AM
From: SliderOnTheBlack	Read Replies (6) \| Respond to of 50502

T.Booneblashemy? Jim, Jim, Jim... How can you possibly question the "expertness" of T-Boone Pickens? He's been certified, bonified and verified, as the oil expert, by non-other than CNBC's Becky Quick. And after all, Becky doesn't fly on any non-experts G-7's. Buffett, Ichan, T-Boone. If Becky flies...then they be an expert - period. And if this statement doesn't prove T-Boone's "expertness" ...nothing will (vbg): Quoting T-Boone: "Oil prices don't have anything to do with the Dollar....it's all supply and demand" Really? How 'bout this... (From Dr. Ben Steill, and Resc. Investor) If only Ron Paul would have bought national air-time and done a little Ross Perrot-esque chart presentation to the American people... the impossibility of returning to a gold standard and sound money, perhaps wouldn't be so impossible. Sound money = a sound economy + stable prices. And you can't fix the economy, or stop rising prices, until you fix the money. Has anyone looked at our Budget Deficit lately? From $162 Billion in 2007 - to projections that are now estimated to reach $500 Billion by year end. Bush has TRIPLED our Deficit in just one damn year! Thank You George Bush. ...weren't the Republicans supposed to be the party of conservatives, businessmen, and fiscal hawks? The numbers seem to tell a different story... Bush makes Jimmy Carter & LBJ look like Scrooge in comparison. Talk about an orgy for the Industrial-Military-Defense & Big Oil and Banker complex.... George been berry, berry good for thier businesses....but, not for America. Perhaps the time has arrived that we need to re-assign, if not re-define the label of liberal? And don't get me started on how many $#%'n Lobbyists have had to be ousted from John McCain's staff. People need to check into how many foreign meetings McCain has had in the last 6 months... the Rothschild meeting was just a start. McCain is a cardboard prop for the NWO elitists. What will America be like under a John McCain presidency? Think -- "A Weekend at Bernie's." S.O.T.B.