Oldtent Archives 2007 - 2008

Especially in the late 06/ early 07 time period when I held large positions in NTO, RNO, BWLRF, and AUA via stock and LT warrants.  Some here elected to enter those trades.  Thought better of posting the warrant positions later after they were a bit too profitable.  Thus do not list options trades because I consider that a bit irresponsible for most readers of this site.  No longer post any trades and few charts due constant harrassment on this site.  Did post my entry into PAL calls on GE.  Wear a size 9 1/2 shoe on left foot and a size 10 on the right foot. 

www.youtube.com/watch?v=q9qG5lWxaPc

Burma Shave

We must’ve grown up in the same area.

I don’t know anyone who wins all the time except the guys that post on the internet and the “Fast Money” guys on CNBC, who likely trade with inside info.

well…the site has the history on the right hand side. show me what your talkin about? try posting a few of your calls real time once in a while, i’d enjoy it.

…..SOEE shorts gone bad over the last 5 years……..

…was down Another 30 to 915..now 935…down 10….20 bucks off the lows….

….geeze..I was watching the nite quotes back in 00 when 20 cents was a big move….hehe

..really this is acting like the end of the world is nigh……

Here’s the scoop folks. In order to try to quantify what we are looking at here- The option puts and insurance gains shown in gold and red colors are recent trades within the last few days. I have never lost in options- the reason is simple, I have soee and eagle_eye to bounce ideas off of and pure luck of the draw. I have played options less than a few handfuls of time. Only when it makes sense, do I buy insurance. If I lose the insurance money, so be it.

So all the “losses” we’re looking at here (in purple) are basically pump and dump stocks (cough, cough) that I’m still holding onto….or should I say “stuck with”. The loss I show, really isn’t a loss yet….until I realize it and sell. I’ll just hold the lottery ticket stocks that I’m under water with.

…I am looking at the link where are the antisemitic comments.?..I agree that is not tent material if its so……..anybody know what this guy is about?

……all over the PM sites across the net.  PM investors who believe in the more conservative ideals of Real Money being hounded by the craps players of the casino.  “Ha, got 3 sevens in a row”……..flashes the money at the guys at the $2 blackjack table……..as the billionaire sitting at third base thinks…….”chump.”

My training as everyone knows was in the oil patch and it is a very small group of doers. It is so informal compared to every other business as to be almost unbelieveable. Big deals are made on a handshake and a one page letter agreement. Generally no lawyers involved at all on the “Independent” level - of coarse the majors are different yet they are slow but can still do things pretty simple.

Other startling thing in the oil patch is how people will help a strainger or one getting started if he has crediability/ honesty. I have walked in offices for the first time and been given help worth thousands of dollars. I have done the same for new geologist in town needing critical information to get a start.

Most of the oil patch has areas that have an expert or two and groups that work that area. Almost like a franchise area. Until a real boom erupts and it becomes a madhouse with unbelieveable competition. Once a wealthy oilman hired all the notary publics in a county so no one else could get leases notarized except at the court house. Once Humble bought the only two abstract companies in a county to hinder competitors.

So it is easy and helpfull at times and cut throat at other times. The same as most other ways to make money. The rewarding part is a new discovery is new found mony and not out of someone elses pocket. I ran across a lot of great people and only a handful of bad apples. One polecat nemisis that I battled for fifty plus years but that is a long story. Goodnight. Deadeye 

Who’s crying in the tent? I was only mentioning that, where I grew up, it was considered gentlemanly and elegant not to gloat over all the money one is making, especially when others are not as fortunate. Not everyone was raised the way I was, of course.

Grandpa

You only need to see what Paulson and The Gold Cartel did to gold and silver today to appreciate just how significant they view their prices are in the scope of the world’s financial system. What we saw late yesterday and today is as dramatic an intervention as any in the history of the gold market (Silver is a different story due to the Hunt massacre).

What is just as egregious (using that adjective a great deal of late) is the spin given by the Planet Wall Street know-nothings as to why gold took its plunge: Over disappointment that the Fed Funds rate cut was not as large as expected. This is the dopiest explanation of a gold collapse in the history of the gold market….

The Muppets on CNBC, and other media, on the gold bashing;

Gold tumbles after lower-than-expected Fed rate cut

Wed 19 Mar 2008, 16:08 GMT

LONDON (Reuters) - Gold tumbled nearly 6 percent to a three-week low on Wednesday, as investors rushed to take profits after a lower-than-expected U.S. interest rate cut and as the dollar trimmed losses…

-END-

So let me see this MORNING … since the announcement:

*Oil is unchanged.

*The dollar is unchanged.

*The DOW rallied 450 points yesterday into the opening this morning investors were so disappointed in the Fed cut.

*Yet gold is nailed for $50.

The explanation is, without a doubt, the goofiest reason for a market move of all time … and is typical Planet Wall Street BS and for most of the mainstream gold world. Because they refuse to deal with the market manipulation issue, these clowns just make up a reason why gold is collapsing. The Planet GATA camp knows exactly what the drill is. But them? They prefer the Stepfordville approach … “Everything is fine.” Or, to modernize the analogy … “The Matrix.”

How many times have you read, or heard analysts say, that move up in gold is mostly related to the move down in the dollar? MIDAS has ranted for years that the dollar is not the key to the gold move. It is the physical market’s ability to overpower the nefarious machinations of The Gold Cartel. End of story…

………..the manure wagon versus the little red chevette.

The world will know that free men stood against tyranny, that few stood against many, and that before this battle is over, even a god-king can bleed.” … King Leonidas, 300 Spartans

…..You 2 guys are the best at what you do……its almost like Spy vs Spy…or ego vs ego….hehe