florida the scare monger lol..

A tú también — ¡¡Salud y Feliz Pascua from way way way down south!!

I used the BS meter because it sounds like total BS to me.    The stock has gone from $5 to over $15 in the last 8 months (200% gain) and the CEO of the company dumps 60% of his stock in the company he heads right near the recent top. 

As I remember, the CEO of Countrywide used the same phrase “for financial planning reasons ” as he was dumping Countrywide stock before it plunged.  I am not saying it is going to plunge, but for the CEO to sell 60% of his shares and then say “our shares remain undervalued” does not ring true to me.   Kinda like Paulson saying “we believe in a strong dollar” as the USA cuts interest rates as fast as they can and watches the dollar index collapse.  JMO    Have a good Easter!

Had to laugh at this :

“Holy mierda, they ARE after me. Bring it on!!! ”

We say merda !  Salut and Buona Pascua…AuGirl 

24/7 Wall St.

Insightful Analysis and Commentary for U.S. and Global Equity Investors

March 22, 2008

The Largest Bail-Out In The History Of The World

Imagine that many of the world’s central banks went into the market and bought tens of billions of dollars in mortgage-backed securities to help end the current financial crisis. The action would require that agencies to take on paper which may never recover in value, forcing tax-payers to cover the egregious mistakes of most large banks and brokerages.

A plan, for the citizens of countries on both sides of the Atlantic to bear the burden of the current troubled is being hatched and could be in place before the end of the month. According to the FT “If public authorities were to buy and hold sufficient mortgage-backed securities – rather than simply lend against them as they have until now – at prices well below face value but above current prices, they would set a floor in the MBS market.”

The choice is whether to save mammoth financial companies in the hope of creating a back-fire against the growing crisis or to let it take its course and hope it does not severely damage the banking industry and exacerbate the present recession. Those arguing against such a move are likely taking the side of the man on the street who will see his own debt to the government grow through tax increases. But, he may be saving his job by keeping the broader economy from breaking under the weight of failures of large financial firms.

In essence, the tax-payer is being asked to pay to keep his own employment.

Douglas A. McIntyre

… I had a chat with Ted yesterday in the early afternoon, and he feels that this take-down way past the 50-day moving averages probably got between 90 and 95% of all the spec longs out there…with a few more to follow early next week…

Holy mierda, they ARE after me. Bring it on!!!

red alert after the Centerra news item you posted.  We own no shares of Centerra and I know nothing about the company.  The news item you posted seemed fairly straight forward as I read it, so what is the BS part of it?  I must be missing something and would appreciate your explanation. p.s. I think insiders often sell shares because many of them sit on other boards of other mining companies and sell shares in one company to buy into shares of another company with which they are involved.

Thanks.  Equiz.

MARKET FORCES AND TRICKERY LEAD US TO DISASTEROUS CONCLUSIONS FOR OUR FINANCIAL WELLBEING. Beware the shorterm market painting illusion and deception all around us. Trust in what is real. Meditate, relax, and ask for guidance amongst the noise and deception.

Happy Easter

On the first day of the week at early dawn, the women went to the tomb. Taking the spices they had made ready, and they found the stone rolled back from the tomb. But when they went inside they did not find the Lord Jesus and while they were perplexed and wondering what to do about this, behold two men in dazzling raiment suddenly stood beside them and as the women were frigthened and were bowing their faces to the ground, the men said to them “Why do you look for the living among those who are dead?” He is not here. but has risen. Remember how He told you while He was in Galilee that the Son of Man must be given over into the hands of sinful men and be crucified and on the third day rise from death? And they remembered His words.” Matthew 24: 1-8

As you reflect this Easter weekend remember that Jesus died and rose from the dead as He promised. He paid a debt He did not owe, that we will spend eternity with Him. Have a blessed Easter.

Good Night!       Hope everyone has a 

After much contemplation, I’ve come to the conclusion that the only way to hedge my PF on these periodic bashes by the filth is to have dry powder on hand at all times. Because of the manipulation, we have been in an extended period of sideways growth in virtually all but the majors gold stocks. Having a balanced portfolio has helped but as the juniors have been bashed, I’ve bought a bit here and there. The problem is that I’ve run out of dry powder a long time ago. Need to develop  a plan on how to do this buying a bit more selectively. Instead of options for which I have no experience, cash in hand will provide a hedge by buying on the drops. With no cash on hand, my only other option is to get rid of some dogs (ex. American Bonanza) and buying some that way.

I’m waiting for a big move up before summer to take some off the top and hold for the fall’s upswing with a healthy amount of cash on the side for these fluctuations. I will also increase my physical gold but that goes without saying.

Centerra Gold CEO sells 60% of holdings, but says shares undervalued

Jonathan Ratner, Financial Post  Published: Saturday, March 22, 2008

Thanks to the soaring price for gold, which recently climbed above the US$1,000 per ounce mark, shares of Centerra Gold Inc. have climbed more than 40% in the past six months. And while the company’s CEO, Leonard Homeniuk, said his recent sale of more than 60% of his Centerra shares for proceeds of nearly $6.9-million was for financial planning reasons and was an attempt to better diversify his portfolio, the timing was pretty good nonetheless. He sold 478,700 of his 757,341 shares for prices ranging from $13.51 to $14.68 between March 11 and March 18, 2008. Centerra ended the week at $12.34, down 47¢ on the day. But Mr. Homeniuk insists that the shares remain undervalued. “I am confident that our share price will continue to grow, as will most gold shares,” he said. Centerra has two producing gold mines and anticipated production of 550,000 to 560,000 ounces in 2007.

Went to the local dealer yesterday and picked up some 2008 silver eagles at $19 each.  Asked about their inventory and availability.   Said they had normal amounts on hand but sales had been up considerably the past week.  Didnt seem to be having any trouble replacing inventory in anything buy 10 oz bars.  Said they werent able to find replacements for them. 

Looks like the Cabal wants to cover all bases and get some dirt on all the Candidates ,just for when THEY want something to hold over their head.Why not expose who was rifling through these files and who they were working for ,who put them up to it.Will it lead to British Bankers?Israel ?Communists? Russia ? China ?Dubya?Who ?we have a right to know..Condi Rice should know ,its her perview.Apologies  not wanted,just exposure for ” who dunnet” .An apology is not the end of it.