I do not own cars, I do not pay for car insurance, I do not pay my cable bill, and I do not pay my medical benefits. There are a lot of things that I will not pay for. In fact, I wont tip unless the service is superior at the restaurant. I hate going to expensive restaurants, actually I scowl at the idea because its an obvious ripoff. I went to an expensive restaurant last week and the food was horrible. The idea of having to pay a premium for bad food ate away at my soul. All this hard work for what? To pay for bad food at an overpriced restaurant? I was so offended that I let the people who were dining with me pay for the meal since they had dragged me down to the place. There are many diners throughout the new york area that offer great service/personality at a terrific price with quality food where I come out feeling like I got a deal. Now thats how I want to feel. I know this sounds cheap, but there are cultural differences between us all. There are some guys that are broke on paper, but throw their cash at meaningless things. While there are billionaires, that wont pay more then what they have to. Warren Buffet, up until recently, owned a 2001 Lincoln Towncar that he drove by himself very similiar to those livery cars you see all over NYC. No driver, no bodyguards. When the Lincoln started breaking down, he sent his daughter out to the GM dealer to buy a Cadillac DTS. It was actually a test for his daughter to see if she could negotiate the price of the car down. He gave her a certain amount of cash and she had a limit as to what she could spend. She did come back driving a nice new Cadillac with cash to spare. Walmart has a revenue of 330 billion dollars each year, but their corporate headquarters looks like that of a 338 million dollar revenue company, a dump. Sam Walton, god rest his soul, wouldnt have it any other way and that philosophy is still with this company up until this very day. In retrospect, its that same philosophy that gets Walmart into trouble. Walmart wants to do right by its customers and shareholders, except its employees are the ones who get the shaft in the end. Even the CEO of Walmart gets shafted! He only made 10,000,000 last year! $10 million dollars for a company that raked in 330 billion dollars of revenue or the gross domestic product of a developing country. I believe in working a job. It keeps me young and healthy. At the same time, I will not let that job shaft me. They will pay for the things I demand. I do not trust the market, because money comes and goes very easily. One bad trade makes you bankrupt if your not careful. Thats why I espouse a philosophy of multiple strategies and trading with companies that you can understand. I dont understand the exchange stocks or companies like EFUT or ZVUE so I dont touch them. I respect Maurice Greenberg very much, however, some of his business practices appear questionable when looked at with the untrained eye and to the average layman. They espouse in the news about bid rigging and some of these practices off-shore. His practices look cheap and underhanded. However, these practices were performed to benefit the shareholders, employees and the company's "customers". A person who worked at AIG in the last 20 years and participated in the employee stock purchase plan from 1980 to 2000 would have retired a multi-millionaire. In that time, Hank had rivaled google. He took the stock up from a buck all the way to a 100. 100 times appreciation!!! After 2000 was a different story, but I think we will see 100 in the future very soon. Elliott Spitzer, another crafty Jewish man from the Bronx (not Brooklyn, theres a difference), had challenged Hank. Hank is one of the most powerful men in the world and NYC due to his many associations with world figure. Hank is the only Jewish man that can sell insurance policies in the middle east to Arab men. Hank is just that good. Elliott wanted to show everyone that he was really the man so he could get elected governor. Unfortunately, Elliott was successful. I might be hard to understand. However, all you need to do is go down to a Jewish section of Brooklyn and go into any store. Watch how apparently wealthy people come in and wheel&deal. Watch how they dont trust the merchant. Thats my philosophy all the way. I love the art of a deal and I hate getting ripped off by some two bit merchant and I certainly dont trust Mr. Market. If I dont get back to you in a timely manner, I apologize. I only have so much time in a day. I dont get paid by elitetrader for posting and maybe they should. All this valuable information that I take my valuable time to espouse to the world.
I will be honest. For ethanol to really work, there needs to be a huge amount of government investment and mass support in the corporate community&general public. At this point, I have seen very little of either. In fact, I dont think the general public will ever support the idea. Ethanol powered cars are simply not as fast and the public likes to have the lead foot. There are also very few gas stations that implement ethanol and those that do I can imagine will have to go through some expensive permit process. However, the democratic congress will continue to support it and we may eventually see more legislation on this issue. Right now the ethanol blend mandate is 10% I believe. What many people do not know is that ethanol requires a vast amount of corn and that is what is driving up the corn prices. The ethanol producers are demanding more corn and so the price of corn is shooting up. This seems like a no win situation for everyone. The government wants us to use ethanol, but they are not willing to provide much investment into the issue. At the same time, there are not enough corn fields in the United States to provide the product to the producers. Therefore due to supply demand, the price of corn gets driven up. The ethanol producers then pay more for corn which in turn eats into their profits. Eventually, the cost is then passed on to the working man on the streets of America. The governments response to this issue is unacceptable. Senator Obama had helped slap taxes on the Brazilian sugarcane ethanol which is much more efficient then corn ethanol. Why wouldnt the government work with the Brazilians? We could learn a lot about Ethanol from the Brazilians as they have been implementing it since 1975. Instead, the politicians just want to go down there and play with the cheap prostitutes with the US Agriculture lobby's cash. Brazil has the technology, they have the product. Working with these guys makes sense. Instead, Senator Obama would rather have American producers use 20 year old technology to make a more inefficient product. I respect the idea of wanting to use American made product, yes I do. However, we are very behind in this type of technology and implementation. We need to work with our world partners and not just slap tax levy's on their product. Japan had successfully worked with Brazil through the Petrobas-Nippon contract. Now there will be a successful ethanol market in Japan. The Japanese have always been good at doing things. While we have a Ford Taurus like ethanol market they will have the Toyota Camry/Honda Accord like ethanol market. The US ethanol market will be full of rattles always breaking down. The Japanese market will be one of efficiency and reliability. Its a matter of us going down to Brazil and working with them instead of being isolationists as the powerful US Agricultural lobby wants us to be. In regards to VSE, its just a trade for now. I see the price in the 20s as way too expensive. Im hoping it will come down before the OPEC meeting and then I will load up. I wont buy VSE in the 20s unless its a trade for the day. However, I have a suspicion that the price wont come down to my target. The OPEC meeting is coming fast and Im afraid my thesis might be in jeopardy. When my thesis is in jeopardy, IB informs me by way of the burnt orange color. Yep, thats what that color means, dont try to tell me otherwise. Actually, its the red color telling me that I have lost cash, thats when I know my thesis has failed. My feeling is that the Saudis are going to come down fast and hard at the OPEC meeting like they usually do in such situations. They will do it. However, there are indications that the market knows this and they are pricing it into stocks. I dont see Exxon or the big producers coming down much further then they are now. So my crystal ball is foggy and I am hoping my thesis will pull ahead....I unfortunately missed the big short covering rally of a week ago. I was tied down with other things and it went above my head. I am a man of self punishment when there are things that are so apparent yet I dont see them so I berate myself on that issue. My other issue about VSE is that they trade on the NYSE which is depressing. I hate wheeling and dealing with the specialists who ultimately rip me off and I hate getting ripped off. Maybe one of the whizkids on elitetrader can tell me if VSE is trading hybrid, then you can help me solve this rubiks cube for me too that I havent been able to solve in 10 years. I will just have to turn on CNBC and see what Eric Bolling has to say. When he says something, the opposite usually happens. I know you guys dont like me railing on Eric. Now he has 24 million shiny new american greenbacks from the NYMEX IPO. What can I say? You come to me on national television and tell me something. You tell me that you have been trading oil for 20 years and are a multi-millionaire. You tell me that you own 2 seats on the NYMEX. Goddamit, your thesis better be right and dont get me started with Jim Cramer. My excuse is that Im just another crazy cheap idealistic hack that lives and works around NYC who drinks like a sailor and uses his valuable time to type all this nonsense so another cheap hack can bring it down in style. I dont trade on the floor of the NYMEX. If my thesis is wrong, then its wrong, live with it. http://www.theaustralian.news.com.au/story/0,20867,20775032-643,00.html
Options Expiration Day Opportunities Here is a good example of how the expiration day can be a good day to obtain some stock on the cheap. http://finance.yahoo.com/q/bc?s=WU&t=1d Look at how the stock takes a dump on good volume at the end of the day on no news. I surmise that the options expiration had something to do with it and this clearly made it a great opportunity to obtain stock cheap on that day. There were quite a few other stocks that had similiar dips on no news as well...
Are you trading at all? Or just "observing"? Why not post some real world trades and results like others - instead of philosophizing about the IFs and WOULDs.
As I stated before, my style of trading is not by the day or the week. I involve myself in trades that last weeks or months. I have already told you all of my positions in an entertaining way. You should have gottten in on AMKR when I had first started covering it when it was 8.5. Looks like its 9.69 now and going much higher.
ETHANOL AND HANSENS First of all, lets look at the chart: http://stockcharts.com/h-sc/ui?s=HANS&p=W&b=1&g=0&id=p65052189043 We suddenly see that there was a fall-out on August 2nd, but was it really because that Hansens had reported 1 cent short of analysts estimates? That seems to be the obvious reason. The real reason is written on the can of the Monster drink. It is ingredient #2 "high fructose corn syrup": http://futures.tradingcharts.com/chart/CN/W Demand didnt go down. It was due to the sudden rise in corn. Now why doesnt Pepsi and Coca-Cola go down along with Hansens? Coke and Pepsi hedge themselves in the futures market where as Hansens, Jones, LBIX and all the other smaller companies purchase on the spot market. As well, Coke and Pepsi have a dividend and a well known DRIP program. There are many long term investors who are buyers of the stock everytime a dividend is issued. These long term investors have no intention on ever selling the stock. While you may believe that Coke and Pepsi have large floats, most of the shares are not available. Hansens, JSDA and LBIX do not have a dividend. The small-cap sodas are likely to feel more pain as there might not be an end in sight to the corn price hike. However, while the sell signal for small-cap sodas was the sudden rise in corn prices, the buy signal will be when the corn prices start to fall and the margins start to improve...
lol. why should elite pay you? why dont you do it the american way. start a website of your own and see if anyone will pay for your information.i suspect they will not. you have not shown any ability to make money over the long term. frankly you sound like a bit of a nutcase based on your last post.
Hehe. Those sound like tough, fighting words. I have listed my picks previously and it does appear that money was made off of those picks: All these were chosen recently within the last 1-2 months. Yahoo- Recommended at $24.15, now at $26.91, 11% increase Western Digital- Recommended at $17.87, now at $20.45, 14% increase Legg Mason- Reccommended at $86.25, now at $97.70, 13% increase Marvell- Recommended at $16.25, now at 19, 17% increase AMKR- Recommended at $8.50, now at 9.67, 14% increase Riverbed- Recommended at $22, now at 29.50, 33% increase Western Union- Recommended at $22.50, now at 22.67, 1% increase Not including Western Union (because its a recent pick and hasnt had time to run), I have achieved a 17% average return in under 2 months. Is 17% average return in 1-2 months not a good return for you. Were these not good picks? Does this seem like an unacceptable rate of return? All of my picks seem to have gone up. Maybe I was just flipping a coin? I guess I am just another nutcase who can deliver you an actual return. So I will now give you a chance to display your intelligence. Give me 5 stocks that will deliver a return over a 2 month period. We will come back to these stocks in 2 months to see how they are doing. If you did well, then I will congratulate you. If they did poorly, then I will lampoon you publicly. Now I expect to hear an excuse from you as to why you cant post the 5 stocks along with some deragatory profane words insulting myself. Go ahead. Its your turn. Insulting words&excuses or picks? Im calling you out. If you dont post a response in 7 days, I will lampoon you by default.
sound to me you have all the time in the world to post these "books" you write..........................not to mention you squeeze the quarter so hard ,the eagle screams.........not really something to be all that proud of......your friends must love you
give me a break. the market has gone straight up. any idiot could have made money in this timeperiod. thats why i said long term. i have been around these boards 7 years. i have seen a lot of guys like you come and go. we will see.