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goldminingXpert (29.14)

February 2009



Truth About Gold; Part 1: Gold Is *Not* Money

February 26, 2009 – Comments (53) | RELATED TICKERS: GOLD

I've been rightly criticized for being too confrontational and not educational enough regarding gold recently. It's time to get back to basics. With emotions raging as gold descends from its recent 4-digit high, it's time to relax and take a bigger and wider look at gold and the gold market. I'll get down to specifics later on where gold is headed, but for now, it's time to discuss basic truths (and mistruths) about our favourite shiny metal. (Actually, I prefer silver coins to gold, but no matter, I like both of 'em.) Canadian Silver Leafs are in fact the finest collectable coin known to mankind (but I digress.)   [more]



I'm THIS close to only underperforming ultra ETFS

February 25, 2009 – Comments (69) | RELATED TICKERS: BA , D , ABE

Please Motley Fool, make people pick stuff other than these guaranteed dogs. Even the .OBs are more likely to backfire than picking SKF to go down. The top 10 will soon be only a bunch of people who red thumb ETF's knowing the end result is easy points. As I haven't played the game for two years to get passed by a bunch of ETF-shorting robots, I will be forced to join this talentless short-only arms race if the rules aren't fixed to stop it. If the people guilty of this sort of behaviour wish to cut it out (looking at you Ultrasuck/Mlg100), I will not be forced into this mindless mechanical red-thumbing. I'd prefer to try to make my points in a legit manner, but if that isn't going to be possible, well, I don't play to lose.  [more]



Gold Bugs Suffering As Economy Fails To Collapse

February 24, 2009 – Comments (53) | RELATED TICKERS: KGC , GDX , GG

Gold Mining ETF (GDX): -6%  [more]



Team Obama will be watching the March Madness from home this year

February 20, 2009 – Comments (28) | RELATED TICKERS: DO , O , M

They've lost what little power they had to try to prop things up. By the time March ends, the Dow will be under 7,000 (and probably significantly so.) and Team Obama will be on the sidelines, heads buried as the 16th-seeded Team Bull loses to #1 seed Team Bear in a blowout. Obama was elected on a platform of change, yet we've gotten no change. We've gotten the most corrupt group of tax cheats I've ever seen, along with absolutely no course correction in terms of policy. Instead of forcing the bad businesses to come clean and thus restore confidence in the system, Obama continues Bush's tried and failed policy of throwing large piles of money at guilty-as-sin rich leeches. Geithner is an embarrasment. The market has reacted accordingly--the market has been plunging since the moment Obama got inaugurated. The last week, the decline has sped up as the Obama administration has been shown to be completely devoid of vision. You can quit campaigning now Barack--you already won--the group to impeach you on Facebook is already up to 10,000 members!  [more]



ACAS implodes! What Can We Learn?

February 18, 2009 – Comments (20) | RELATED TICKERS: ACAS , ALD , DOG

In early January, I was criticized widely for my simple pitch attached to my red thumb of American Capital (ACAS) at $5. I simply pitched, "ROFL." After seeing the stock starting to slide, I posted this blog on Jan 15th with the stock in the low 4's. My warning was prescient--the stock continued to slide. I posted another warning with the stock at $3.50 on the 29th of January. Since that third warning, the stock has collapsed another 50% to $1.71. Now that ACAS has entered the fully entered the glorious land of penny stocks, I can no longer predict its next move--in fact some sort of spurt north is likely now that the stock is cheap enough to easily manipulate (in the long run--in this case, six to twelve months--the shares end up trading under a quarter). However, the question is, why were people paying $4 for this three weeks ago, or $7 a month ago? Part of the blame (though certainly not the majority of it) falls on the Motley Fool's Income Investor for maintaining a hold on ACAS. While it baffles me why one would buy a BDC (Business Development Company) in the first place (horrible business model in general), the fact that one would hold this stock all the way to the grave is shocking and unacceptable. As late as January, they could have gotten out up at $7, selling into the short squeeze, but now, they're left holding the bag.  [more]



I Hate To Be Vain But...

February 17, 2009 – Comments (19)

I'm going to rant. IBDvalueinvestin is quite possibly dumb as a box of rocks. He frequently posts contradictory things and is posting at a rate of 60 posts a month. I'm growing increasingly convinced that he is EPSMomentum's new handle, as EPSMomentum faded into obscurity after the alledged hacking of the CAPS stockpicking contest.  [more]



Repros Therapeutics (RPRX) -12% today. Remains Strong Sell

February 17, 2009 – Comments (5) | RELATED TICKERS: RPRX , GO , BOOM

I first covered RPRX back in January with the stock trading at 13.20 saying it was a strong sell. Then, I issued a full report looking into suspicious dealings at RPRX (ZONA) after shares had slid to 11. Today, shares have fallen to 8.60. When you can't trust management, and shares hit a 52-week high, suspect a pump & dump. RPRX shares should continue to slide past the fall lows in the six dollar range, however, shorting here is risky. Maybe there will be a retrace back up towards 10 so we can reload our put positions.  [more]



College Students on the Stimulus

February 16, 2009 – Comments (5) | RELATED TICKERS: LAKE

I interviewed several college students here on campus at Colorado State U. I think the results, as seen in my article in the student newspaper are quite interesting. College students aren't as dumb as they're often made out to be. Sadly, for word content, a lot of the interviews had to be edited down, but I still think it's a good piece. Hmm, the embed is acting weird, so here's the link:  [more]



Claiming Victory at Western (WNR)

February 12, 2009 – Comments (9) | RELATED TICKERS: WNR , WINS.DL

This is my sixth or seventh blog post on WNR. I know and follow this stock more than anything else on the market at the moment. I made great money on the run-up from 7 to 13 after Q3 earnings/Hurricane season last fall. However, the stock slumped back under 5 later this fall as the doom-mongers attacked it and its supposedly unsustainable debt position. I made good money on the return trip up to 13 (and still going) this year. In TMFSinchurina's 2009 pet stocks article, he highlighted my pick of WNR as my pet stock pick for the year. The stock started this year at 7 and now trades at 13.50. That's a 90% gain in two months--I don't think this rate of compounding will continue (GMX goes out on a limb with that one ;) ) but clearly the refiners were (and in fact still are) undervalued--and to the best of my knowledge, for the moment, my pet stock is reigning supreme.   [more]



Why I Oppose The Stimulus

February 12, 2009 – Comments (8) | RELATED TICKERS: DE , B , T

I wrote up an article for my university's newspaper, the Rocky Mountain Collegian on the subject of the stimulus plan. Here is the full article.I've picked out a few choice quotes to give you a taste of my view (Since I get paid for the column, I don't feel I should post the full text here as my employer owns my work you know)...  [more]



Bought puts on Intermune (ITMN)

February 03, 2009 – Comments (6) | RELATED TICKERS: ITMN.DL , GO , BOOM

Their test results weren't particularly good, and the stock isn't particularly cheap. It has a long history of losing money and so this run from 9 to 16.40 from January 09 through today is entirely unwarranted. I bought 5 FEB $17.50 puts on ITMN @2.20 to try to capitalize from the combination of a massive short squeeze, and the misintrepretation of ITMN's lung drug results:  [more]

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