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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Ed Ajootian who wrote (109267)	9/13/2008 5:34:59 PM
From: kollmhn	Read Replies (4) \| Respond to of 206223

Ed- I think you left off reason number 4 ( for the selling) Hedge funds are unwinding leverage and are facing redemptions as well. Many that shorted the dollar bought energy as a hedge. I happen to think it is THE biggest factor in what appears to be indiscriminate selling and is producing some very attractive bargains. I'm curious.........are you still long BOGA, END, PRC? I recall buying some BOGA a few weeks ago at $.56 and you suggesting that would be the last time that opportunity would arise. Guess what? On Friday I lifted a $.24 offering. This, not long after Loeb paid $.72 for 66% of the company. Go figure. AS for low risk income investments, check out utility preferreds. The pfd market has gotten whacked and with only a 15% tax rate you might find the net acceptable. Certainly, there is no worry about your investment blowing up but, then, I doubt you will be able to stay away for vehicles that offer greater returns for long. gggggg

To: Ed Ajootian who wrote (109267)	9/13/2008 5:56:50 PM
From: Logain Ablar	Respond to of 206223

ed: I still like cos & pwe, just not right now. Maybe in Feb of next year.

To: Ed Ajootian who wrote (109267)	9/13/2008 6:30:55 PM
From: Cogito Ergo Sum	Read Replies (2) \| Respond to of 206223

HI Ed, I find myself in a similar position. Right now about 65% cash and that is the low end of my cash range these days which was > 85% two weeks ago. I have started a core position in Canadian financial stocks and trade around it. Most have been posted on Dale Baker's thread which is more appropriate place for them (I really do expect to end up making at least 50% on them ;o) They may not be your cup of tea but the yields are not bad, Canadian Banks and most lifecos have reported recently with no unexpected huge skeletons... CIBC was worst as expected and they are still very solvent. A couple of my picks actually increased dividends. Anyway NA.TO, BMO.TO, BNS.TO (still a trader only), MFC.TO, GWO.TO, SLF.TO, KFS.TO (some US exposure to think about) I own and HFU.TO an ETF of Canadian financials for trading. I believe all of those trade on US exchanges also except the ETF so no pink sheet nonsense involved. I have no position in TD.TO or CM.TO presently. I also hold NVS generic drug maker as a US ADR and JNJ. I'm watching GE and have bids in on DEO which have not hit ... yet.. Looking for re-entry into PSS which I sold too soon.. (cheap shoes... gotta have shoes..) I also have a core position in RCB.I TSX) Rogers Communication but reduced my position recently until it gets firmer. I'm also nibbling in the clean energy area. I have no O&G exposure presently.. Just trade in and out some these days. The Black Swan

To: Ed Ajootian who wrote (109267)	9/14/2008 1:52:24 AM
From: energyplay	Respond to of 206223

If you are looking for income, you might want to look first to the energy royalty trusts (many of those) and the several MLP that have certain tax advantages. I know, you just moved out of energy. There is a big difference between an asset play like BZP and royalty trust like PWE or Peyto. There's also a large world of closed end funds. There is usually a two page table in barron's lisiting closed end funds. The people who used to be on the Yahoo TEI board and are now on Investors Village would be a good place to start. James White was one key person.