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Gold/Mining/Energy : GDXJ - Market Vectors Junior Gold Miners Index -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (74)	11/12/2009 9:56:11 AM
From: SG	Read Replies (1) \| Respond to of 196

I just bot 100sh at 25.45; it took them two orders, one for 85, one for 15. Odd. SG

To: Tommaso who wrote (74)	11/13/2009 11:27:23 AM
From: Jack Be Quick	3 Recommendations Read Replies (1) \| Respond to of 196

<<It's hard to know how much influence Cramer has, but a sudden influx of buy orders for GDXJ could push the price above the net asset value.>> Since Cramer's reputation is that he often seems to pump in advance of big money taking the contrary position, it makes me wonder even more why the smart strategy for someone with really big money would not be to simply short the living bejeebus out of GDXJ. You're not going to get get stung too badly by one company in the index having a really big event, since it's only one company in the index, and mining's prospective activities usually take time to develop and to be recognized. Meanwhile, you're paying no dividends at all and you're dealing with a class of fund "investors" who can usually be relied upon to dump their entire positions whenever anyone says "boo!". Why wouldn't a big hedge fund just hammer away at this, say, around every FOMC meeting, when the scaredybugs are usually peeing their trousers and dumping their shares anyway? Seems to me, you'd even be joined by the bugs who don't own it, but are shorting it to "hedge" their own holdings in the index. Personally, I can't imagine how they could have come up with a better vehicle to short. The only thing that's keeping me from shorting it is that I don't trust any idea that I've come up with by myself. <G> But with Cramer pumping it...