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goldminingXpert (29.50)

GMX is backing up his talk...

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August 21, 2008 – Comments (4) | RELATED TICKERS: JAGGD , FNMA

someone complained on my FNM pitch that I only go for points and I need to back up my picks with dough. Well, I already do this, but since people didn't realize that, I am now attaching the green $ sign to any pick where I have invested real college fund/downpayment for house fund capital. Note that this makes me look like a crappy investor, as I have a tendency to trade quickly.I close out my winning picks (or in the case of an underperform pick, rethumb it about 7,000 times (looking at you CFC)). I don't care about perceptions though, now you can see with GMX is putting his real $$$'s into (or out of when I short sell.) Note that the starting price is not always where I purchase something... for instance the JAG I own now is dollar cost averaged at $7.40 but my outperform pick is from much higher up. I bought 200 shares at that higher price and 350 at a lower one... but I can't show this in CAPS. So I may have a better gain or worse lose than what CAPS would show, but at least now you can see where my money is... not just my mouth.

4 Comments – Post Your Own

#1) On August 21, 2008 at 11:45 PM, MLGtrader (97.35) wrote:

I saw that you said you bought puts on amed.  What is the problem with them?  I don't own them or know anything about them, but their graph and earnings are solid-looking.

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#2) On August 22, 2008 at 12:16 AM, goldminingXpert (29.50) wrote:

http://www.citronresearch.com/index.php/2008/08/12/seeking-healthy-returns-in-amedisys-nasdaqamed/

The purpose of accounting fraud is to make the earnings "solid-looking" One unexplained accounting change for instance caused a 15 cent increase in profits reported in one quarter. Plus they are bilking Medicare according to that Citron Research article.

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#3) On August 22, 2008 at 12:17 AM, goldminingXpert (29.50) wrote:

http://www.citronresearch.com/index.php/2008/08/12/seeking-healthy-returns-in-amedisys-nasdaqamed/

The purpose of accounting fraud is to make the earnings "solid-looking" One unexplained accounting change for instance caused a 15 cent increase in profits reported in one quarter. Plus they are bilking Medicare according to that Citron Research article.

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#4) On August 23, 2008 at 10:02 PM, wrote:

I'm a newbee but I wouldn't care what he or she said.

 I actually saw the post your referencing and responded to his criticsm by stating that who cares why people pick caps stocks.  I'm not kissing @$$, it just seems everyone has a different investment strategy.  I'm new to this game and don't short any stocks.  Do you think I give a da*n what my caps score is?  All I care is that my real life portfolio is making money.

 I'm so grateful for the criticsm and advice I've gotten from veterns like yourself in the last month since I've begun to blog.  Most of the criticsm was right on even though I didn't want to hear it.  It prevented me from making more mistakes in my real life portfolio than I would have made. 

I'm long winded, but my only point is we all play this game differnetly, both on caps and on the nyse.  The point that caps reflects this actually makes it a very good investment tool imho.

BTW, keep blogging.  I read all of the post by the regs here.  If i respond with a post that sounds stupid or is a newbee mistake, pls call me on it insteed of ignoring me.  I actually enjoy the debate here.  There is less corporate or gov noise here than everywhere else ive tried in these past 9 months.

 

andrew

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