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

To: CommanderCricket who wrote (111995)	10/16/2008 12:25:48 PM
From: tom pope	Respond to of 206145

More pissed off than burned out. I've been stopped out of almost all my energy positions, don't have much left except PCZ, just because the values there seem compelling. Have taken refuge in hi-yield bank pfds for the most part.

To: CommanderCricket who wrote (111995)	10/16/2008 12:33:36 PM
From: fmikehugo	Read Replies (3) \| Respond to of 206145

Burned out indeed. Went to 100% cash a few weeks ago and prices have already fallen far enough below sale prices that I could more than replace the income I temporarily lost. Wash sale rule is a bitch. Did not know it applied at the level of individual lots. Have a model portfolio ready to go (1) rebuy CLL and PBG and add SUN and COS, (2) add ERF and LINE to O&G, (3) add NAT and TNK. Hard to keep my hand off the keyboard as prices fall. MM rates give me a decent return on cash to pay the bills.

To: CommanderCricket who wrote (111995)	10/16/2008 12:47:51 PM
From: Kayaker	Read Replies (1) \| Respond to of 206145

I suppose I have a different problem (which won't get me much sympathy!). I'm 100% cash and at a high for the year again. Just day trading HOU and HGU on the TSX (made $1000 this morning!). Problem now is that I stare at these beaten down prices of SU, CNQ, COS, etc but have no idea what to do. Surely they are bargains at these prices. Opportunity of a lifetime! But I just can't pull the trigger. Never thought crude would drop to the 60s. But it did. Where does it bottom? I have no clue. Oddly enough, the more stocks go down, the less inclined I am to buy anything.

To: CommanderCricket who wrote (111995)	10/16/2008 1:01:08 PM
From: pz	Respond to of 206145

Commander, "Wish I could buy physical silver for under $10." Currently trading around $9.58...you might just get it...lol. I'm looking to buy some physical silver myself. Paul

To: CommanderCricket who wrote (111995)	10/16/2008 6:19:59 PM
From: ChanceIs	Respond to of 206145

Burned out??? Big time. Ridden hard and put away wet to boot. I have posted here at least a dozen times that my greatest fear was that the certain banking collapse would pull down our noble, wealth generating oily stocks with it. Anybody want to argue that my fears were paranoia??? Crude hanging around 15 month lows with the equities at three year lows!?!?!?!?! This is the worst I have seen. The rhetoric I see around CHK is unbelievable. "Cash strapped." Phrases like that. It is a little disturbing that any number of patch CEOs were out on margin and got roasted. Makes one question their basic judgment. OTOH, it does show a more than a little faith in their enterprises. At least they weren't issuing debt to buy back their own shares to prop up the stock price (executive options) on the way down - like so many thieves in the home builder and mortgage lenders were doing a year ago. Aubrey was making open market purchases. Very few executive option exercises of which I am aware. I see the economy staying weak for quite some time. I see people heating their houses and more manufacturing on the lower commodity prices. There might be a three month glut of NG at worst. Fertilizer, industry, plastics, etc haven't ground to a complete halt. Hedge fund purchases maybe, but not end consumers. I got quite distraught in late 2001. I had been through so much since loading up in the patch in '98. The summer selloff of 2001, then the havoc of 9/11, and then we slipped into a warm winter. I knew that the fundamentals hadn't changed but thought that the patch psychology would take years to recover after the boom/bust of 2000-2001. Wrong. NG cranked up slowly through 2002. Got pulled down in the Oct '02 rout, but then bobbled back up. I think we are 70% through Commander. Don't succumb to fatigue. Just think. I was really worried about my Jan '09 $90 strike CNQ covering calls being exercised against my very long term position!!!! Somebody who bought them from me is probably POed. Then again. Maybe he used them to hedge his short. That premium is in my pocket regardless.

To: CommanderCricket who wrote (111995)	10/16/2008 6:44:34 PM
From: gg cox	1 Recommendation Respond to of 206145

<<Find myself wondering what's the purpose of spending the time on research and getting know a few companies when the market no longer values those attributes?>> Scenario in the states was.. i will sell my house to you and i will get 50,000 profit.You will immediately sell to someone else and get 100,000 profit and on and on, not mattering what kind of shack it is ...real estate only goes in one direction don't ya know??. All through SI, i will buy at $1.00, and sell at $1.05 I will tell all how smart i am and what a good scalp it was.All will cheer. Someone else will buy at $1.08 and sell at $1.10 He will tell how smart he is.Another loud cheer good trade..good trade!! Someone else will buy at $1.10 and sell at $1.00 because he has rules and he must live up to them. The Company announces excellent news and goes from $1.00 to $0.60 ...Why?? because that is what you do ...ya sell the news ...sell... it doesn't matter,that is the rule don't ya know? It is the power of the internet.Do not expect too many runs as anyone getting in down in the basement will be getting off quickly at the first floor don't ya know??<<gg>> The runs before the internet , when they happened were amazing ...those days are mostly... gone forever. rideau-info.com

To: CommanderCricket who wrote (111995)	10/16/2008 6:51:25 PM
From: carranza2	1 Recommendation Respond to of 206145

Find myself wondering what's the purpose of spending the time on research and getting know a few companies when the market no longer values those attributes? It's difficult, isn't it? The market is unfeeling, uncaring, unemotional. It just is. It doesn't care about what we do or the quality of our research. It simply ebbs and flows. I wouldn't despair over the short term, however. The trick IMO is to get a good fix on fundamentals, then invest in companies which are best of breed and will best express the fundamentals. If the fundamentals in a particular sector are unattractive, abandon the sector. Getting a good fix on fundamentals is really not too difficult. In the case of energy, the most fundamental fundamental, vbg, is obviously Peak Oil. Remember the discussions this board has had about that now seemingly forgotten issue? Well, it hasn't disappeared. There will of course be many twists and turns. The price of oil will eventually express its value as Peak Oil makes itself felt. That is why I like energy. How anyone approaches these matters is their own business. But when it seems obvious that when demand destruction caused by slowing economic growth is on the horizon, one should batten down the hatches, reduce holdings and act defensively. Easier said than done, I'm afraid. I 'defended' by going to lots of cash and gold. The cash is Ok, don't ask about my gold.