Use access key #2 to skip to page content.

goldminingXpert (29.51)

GMX is taking a CAPS break

Recs

32

June 18, 2009 – Comments (58)

In response to the assinine comments I received to my post earlier today, I must say that I will no longer be regularly blogging here at CAPS. I'll blog here when I feel like it, however, the ratio of idiots to useful information in my comments section has gotten to be too much. It's no wonder that most of the top 10 of CAPS doesn't actually do anything on the site. You get to the top just so that people launch flaming arrows at you. No thank you. I'll keep the profiles running as I will reclaim the Top Fool spot when the market sinks later this fall. However, you'll see a lot less of me here. If I do decide to stick around as a blogging entity, it'll largely be through my secondary profiles as the GMX brand has a bunch of termites eating at its core and only a strong bear market disinfectant can kill the infestation. If you need one clear example of the reason why I, and others like me are leaving, check out this comment from my earlier blog:

"First, the S&P has dropped an incredible 3% since it's intraday high of 954 on June 11th.  3% dude.  In the grand scheme of things that is barely a blip, not really a plunge.  Not to mention you were calling for a plunge way before it hit 954.  I am pretty sure it is still above the point that you started calling for a plunge [. . .] I will give you credit for this, however.  You do have some pretty loyal followers who definitely are drinking the GMX kool-aid.

I never said this was the plunge I was looking for. How you could read so much into four lines of text is baffling. I in fact made no market commentary other than questioning Mr. Cramer's judgment in calling a new bull market within spitting distance of a top

To clarify, I am on a working vacation with limited internet access. However, even when I have full-time internet access, don't expect to see me around consistently... I urge all of you who do have IQs larger than your shoe sizes to message me privately--I'm happy to chat (IM or phone) with people who still have firing neurons. Give me a holler--I'm always willing to talk stocks with sentinent beings.

Tony, I'm still going to throw you a post about our bet at some point, but it's quite low on my list of priorities (most of which are non market/non CAPS related.)

58 Comments – Post Your Own

#1) On June 18, 2009 at 11:56 PM, RonChapmanJr (36.20) wrote:

bye

Report this comment
#2) On June 18, 2009 at 11:58 PM, goldminingXpert (29.51) wrote:

P.S., to all you lurkers, log in and show your support for bloggers that you like before they too get devoured by the swarm of negativity that prevades CAPS. Bye Now.

Report this comment
#3) On June 18, 2009 at 11:59 PM, pastordisaster (< 20) wrote:

toodles

Report this comment
#4) On June 19, 2009 at 12:01 AM, AdirondackFund (< 20) wrote:

What does it mean when a Bear Blogger gets drummed off the board?  I always enjoyed your posts.  I hope you'll reconsider. 

Report this comment
#5) On June 19, 2009 at 12:02 AM, vmh104 (< 20) wrote:

Honestly man, I don't get what you are so touchy about. Chuck the pride stick with avarice.

Report this comment
#6) On June 19, 2009 at 12:04 AM, Tacomatight (69.00) wrote:

I imagine you and Tony much like the two guys in that movie about the top Donkey Kong player. You'd be the guy with the beard and Toby would be the lawyer friend who always looks nervous. Fist Full of Quarters? is that the name of themovie.

This is the part of Caps I don't like. This is like listening to some 'dragon wizard' from Dungeons and Dragons piss off because he got his feelings hurt that someone actually questioned his opinion on a blue dragon's hit points.

Report this comment
#7) On June 19, 2009 at 12:05 AM, RookieQB (29.00) wrote:

I think you should reconsider also. I enjoy your posts

Report this comment
#8) On June 19, 2009 at 12:09 AM, anchak (99.87) wrote:

GMX.....You are always welcome at other sidebar places....and maybe your grades will improve - LOL!

Adirondackfund.....mind coming to CIL now.....I missed being introduced - and saw your comments later. 

 

Report this comment
#9) On June 19, 2009 at 12:12 AM, binve (< 20) wrote:

GMX: Take a well deserved break my man. We will be here to support you when you do blog. Thanks man!

Report this comment
#10) On June 19, 2009 at 12:25 AM, BradAllenton (31.58) wrote:

Can't say I blame you. I read less and less blogs b/c of the retarded content. I haven't posted or even commented much for a while now. The value of caps has taken a hit as of late. It has become clear to me over the past year or so that 99.9% of the people on here are clueless. I guess it's a good cross section for the population at large.

Report this comment
#11) On June 19, 2009 at 12:25 AM, robstuck (< 20) wrote:

don't quit.. everyone enjoys having you here. dont take everything so personal.

Report this comment
#12) On June 19, 2009 at 12:27 AM, anticitrade (99.64) wrote:

This isn't really too big of a suprise.  You are absolutly right about the amount of negativity.  I think it has gotten to the point where most things are read with the expectation that it is negative (which causes jokes or comments to be taken poorly).  I didn't agree with a lot of things you said, but I was always impressed with your willingness to put your balls on the line about it.  I wonder what the average lifecycle of a blogger is?  Probably longer if you are purposefully over the top like ALSTRY....

Anyway, have a good vacation.

Report this comment
#13) On June 19, 2009 at 12:28 AM, MastiffFool (< 20) wrote:

GMX, come and spend some time in CIL. You know you are among friends there!

Report this comment
#14) On June 19, 2009 at 12:36 AM, awallejr (79.54) wrote:

While I tend to avoid posting in your threads I am simply compelled to do so here.  Whether you choose to continue to blog or not is your decision.  Your reasoning, however, in taking umbrage by LongTermbull's "attack" of you does seem a bit light.  He actually was pretty accurate.  You were constantly blogging a market collapse for weeks on end, only to be proven wrong.  So be it.  You make calls, take your lumps when you are wrong.

But when you keep making comments like this,   "I urge all of you who do have IQs larger than your shoe sizes to message me privately-," well what do you expect?  It's easy to say things anonymously, and I submit this anonymity actually seems to make people nastier than they would be in real life.

Report this comment
#15) On June 19, 2009 at 12:37 AM, StopLaughing (< 20) wrote:

Hope you have a good vacation. See you when you get back. Your insights are appreciated.

Report this comment
#16) On June 19, 2009 at 12:38 AM, chrisrcooper (< 20) wrote:

GMX,

I've been reading your blogs for several months now, I just created an account to say thanks.  I'll be sad to see you go and wish you would reconsider.  Perhaps limiting your time spent with CAPS would encourage you to continue without taking it as personally as you'll have less invested in it.  If you start writing for another entity please do let us all know.  I host a blog that touches on financial topics now and then; I'd be happy to have some guest posts by you there.  If you write elsewhere, do let us know how we can find those posts.

The internet is filled with folks who will disagree with you and not see the value in your work even if it does not agree with them - you provide another perspective that many of us find valuable and I am certain there are many more lurkers than myself.  Don't get too discouraged.  Cheers!

Report this comment
#17) On June 19, 2009 at 12:41 AM, LongTermBull (93.91) wrote:

Seriously, are you for real?  Are you 15 or something because this sounds like it was written by a child taking his ball and going home.  The GMX branding?  What exactly are you a brand of?  And anyone that doesn't agree with you is an idiot?  Nice, very mature.

Just because someone argues against your post, it does not make it negative and definitely does not make it idiotic.  Think about this, how many posters have you had a problem with?  I can name 4: deerhunter, port, checklist and now apparently myself.  I don't believe any of us have had a problem with anyone else.  Maybe you need to check your sensitivity at the door and understand that this is adult discussion.  Sometimes people will disagree with you, it's life.  

 

Report this comment
#18) On June 19, 2009 at 12:43 AM, Option1307 (30.06) wrote:

There are always going to be stupid people in life, yes they are annoying and a hassel, but that is just a part of life. Enjoy your vacation and relax bud. Hope to see you around the neighborhood soon.

Personally I enjoy your thoughts and perspective regardless of the critics.

Report this comment
#19) On June 19, 2009 at 1:02 AM, threepaweddog (28.68) wrote:

It really doesn't matter if you're right on your market calls or not -- I suspect you are correct that the market is headed down.  If you are going to call people idiots, which you repeatedly do, by name, you can't be surprised when they reply in kind.  You may be proven right in the long-term, but in the short-term -- since your "Market is About to Plunge" series started -- you are the one who has been on the wrong side of the trade, about 9% from your call to the peak.

Your insight into the markets will be missed, your arrogance will not. 

Report this comment
#20) On June 19, 2009 at 1:07 AM, checklist34 (99.71) wrote:

i enjoy your presence, GMX.  I'd offer that, and I can only speak for my own life and I cannot possibly (obviously) claim to be great at life, you'll have less conflict with people on intellectual or philosophical issues if you stop talking from the god perspective as though your opinion is fact and everyone else is wrong and start talking from the perspective of your experiences, or from the perspective of your reasoning.

 and cheer for the S&P to crash because once it hits triple digits...  i'm going on a permanent vacation.  And I know you'll miss my cheery charm.

have a good vacation.

Report this comment
#21) On June 19, 2009 at 1:10 AM, awallejr (79.54) wrote:

You that deep into that play in real life Check?  (triple digits for S& P that is).

Report this comment
#22) On June 19, 2009 at 1:19 AM, TMFUltraLong (99.95) wrote:

how did I know Ron Chapman would be the first to respond, lol!

I'll miss you for one GMX...the plunge is coming and i welcome it!

UltraLong

Report this comment
#23) On June 19, 2009 at 1:29 AM, tonylogan1 (28.16) wrote:

Well you have to see GMX's point when you have people like

Tacomatight (< 20) wrote:

"I imagine you and Tony much like the two guys in that movie about the top Donkey Kong player. You'd be the guy with the beard and Toby would be the lawyer friend who always looks nervous. Fist Full of Quarters? is that the name of themovie."

Taco - What the heck did I do to you? Add to that... You have a profile that has been active for an entire 3 days and here you come with bashing...

Note: your bashing actually was pretty witty, so no offense taken... 

Still, I think CAPS needs to do something to allow for bloggers to filter content. Not all blogs allow 100% of posts to be shown. We have lost plenty of good folks to troll attacks. Floridabuilder comes to mind.

I'm pretty sure FB would still be giving us good information if he could have pressed an ignore button for Alsty 2 years ago.

I'd take FB back over Alstry's freedom of speech (on FB's blogs) any day. If trolls want attention, let them do it on their own blog. Let someone with 3 days of CAPS background host their own blog if they want to hijack and troll.

Report this comment
#24) On June 19, 2009 at 1:52 AM, checklist34 (99.71) wrote:

whoa, I meant 4 digits, >1000.  Thats my official exit point with some exceptions.  or perhaps not exit, but move to low beta high dividend stuff or whatever.  But its the end of my current strategy.

Awall, I think i'm a bit slow and didn't follow your question... "that deep into the play" kind of lost me.

 

Report this comment
#25) On June 19, 2009 at 1:52 AM, checklist34 (99.71) wrote:

whoa, I meant 4 digits, >1000.  Thats my official exit point with some exceptions.  or perhaps not exit, but move to low beta high dividend stuff or whatever.  But its the end of my current strategy.

Awall, I think i'm a bit slow and didn't follow your question... "that deep into the play" kind of lost me.

 

Report this comment
#26) On June 19, 2009 at 2:07 AM, semper77 (32.73) wrote:

Don't leave GMX. Scale it back if you need to, but if you leave entirely it would be a significant loss to the CAPS community. I, for one, find more value in your opinion than most professional sites that I subscribe to. Your track record speaks for itself, and even when I think you're early (as I thought you were in my May 21st post ) most of the time, your calls pan out.

This time around will be no different. You don't want to miss out on the "I told you so" postings, do you?

Report this comment
#27) On June 19, 2009 at 2:11 AM, awallejr (79.54) wrote:

Well Check you were talking taking a permanent vacation, should (as you now amended) S&P make 4 digits. Sounded like you put a serious play on the "action."

Report this comment
#28) On June 19, 2009 at 2:16 AM, checklist34 (99.71) wrote:

OIC, awall.  Nothing specific about the S&P or 1000, its just that I think approximately fair value right now or later this year will be about 1000 and at that point i'll have met (actually I already met) the goals I had for investing in the timeframe of -6 months to +5 years. 

Its gone pretty good, but its tiring and eating up alot of the quality of my life.  So i plan to leave well enough alone and while my vacation won't be truly permanent, it will be until the next market dip, and while I might not ourtight leave I will move out of high beta deep value stocks and into some high yield safe ones. 

unless I change my mind. 

Report this comment
#29) On June 19, 2009 at 2:55 AM, Tastylunch (29.33) wrote:

Au revoir GMX

I will miss your blogs but I think you are making the right choice.

I was beginning to wonder if you were a college student with that amount of time you spend on here.

You probably ought to go live it up while you are young, dude. Trust me you aren't going to get any better looking than you are now.

College is too awesome a time socially to spent on CAPS anyway.

Report this comment
#30) On June 19, 2009 at 8:18 AM, willmaster01 (< 20) wrote:

GMX check this place out.

Much more receptive community. Live chat etc. Great education.

http://www.freetradingvideos.com/default.asp

Report this comment
#31) On June 19, 2009 at 8:58 AM, TMFBabo (100.00) wrote:

Thanks for posting until now.  I didn't always agree with your blogs, but I appreciated the content.

Report this comment
#32) On June 19, 2009 at 9:17 AM, GenericMike (< 20) wrote:

Awfully dramatic to leave.

Report this comment
#33) On June 19, 2009 at 9:17 AM, ChannelDunlap (< 20) wrote:

Sorry to see you go GMX.  I was looking forward to having a bear around that is less apocalyptic than Alstry has been lately.  But with all due respect, it's no like you're always the kindest, gentlest soul on TMF either.  You probably shouldn't be posting to CAPS at all if you're not ready for differing opinions, and making such bold claims as "The market is about to plunge", and tallying your inaccuracy by adding "Day # XXX" to the end is only going to draw more critisizm.  I'm sorry if you weren't prepared for such a backlash, but to be honest, I haven't seen many comments I thought were out of line.

Regardless, good luck on your future endeavors GMX.  If the market eventually plunges, I will be thinking of you... you know, right after I think about all the money I am losing.  But you'll be in there somewhere.

Report this comment
#34) On June 19, 2009 at 9:23 AM, AnAmateur (< 20) wrote:

Stop crying - Nobody cares.

Report this comment
#35) On June 19, 2009 at 9:32 AM, jatt22 (45.35) wrote:

great work u done in past an i hope to see  more from u . good luck wut ever u do .

Report this comment
#36) On June 19, 2009 at 10:30 AM, kdakota630 (29.62) wrote:

GMX, I was kind of hoping you could elaborate on why you think that the market will start to decline in the fall (as opposed to sooner).

Hope you enjoy your time away from CAPs.  I don't say this to be snide or argumentative, but I don't think you'll be able to keep away from CAPs (or blogging) for too long.  

Here's hoping I'm correct.

- All roads lead here, all roads are burned, have we digested the things we have learned?

Report this comment
#37) On June 19, 2009 at 10:42 AM, Upstar75 (< 20) wrote:

Hello GMX,  I am new here at CAPS and I normally don’t post stuff, I follow different market and the recommendation and Stock tips that people proved does not relate to me.  However I do like reading a lot of the posts and like reading yours as I think it is very educational (there are several other bloggers that I like here to….). I would really appreciate if you stayed with your GMX as I follow that. You will get different opinions no matter where you are and you will get some who does not know how to address people with their own opinion. But overall I think that the CAPS site is a good place and most of the bloggers here who take time to write here are much appreciated.  Thanks for previous blogs.

 

Report this comment
#38) On June 19, 2009 at 10:47 AM, FleaBagger (28.14) wrote:

Tacomatight -

This is like listening to some 'dragon wizard' from Dungeons and Dragons piss off because he got his feelings hurt that someone actually questioned his opinion on a blue dragon's hit points.

Just so, except that you get real-life treasure for slaying the blue dragon, or lose real-life treasure for failing to do so. The latter case may explain GMX's frayed nerves.

Report this comment
#39) On June 19, 2009 at 10:47 AM, madmoney151 (29.27) wrote:

Man, who will make inflamitory comments that make me laugh now?

Report this comment
#40) On June 19, 2009 at 10:58 AM, jstegma (29.29) wrote:

Another good blogger leaving the site. 

Thanks for the interesting posts. 

Report this comment
#41) On June 19, 2009 at 11:09 AM, cthomas1017 (98.63) wrote:

madmoney,

Your post was about the most idiotic thing I've ever read on CAPS.

CT! :)

(PS: Feel better now?) ;)

Report this comment
#42) On June 19, 2009 at 11:36 AM, madmoney151 (29.27) wrote:

Ahh, thanks for feeding the monkey cthomas.  I can rest easily now.

Report this comment
#43) On June 19, 2009 at 11:51 AM, Recover22kplan (46.58) wrote:

GMX - I really enjoy your blogging, sorry to see you go

Report this comment
#44) On June 19, 2009 at 12:08 PM, BigFatBEAR (29.11) wrote:

Breaks are well-deserved and well-needed - enjoy some nature!

In retrospect, I almost have to second what Tastylunch said - college is a precious, preciously short time that should be maximized on the social front. 

Anyhow, you probably don't need me to tell you that I've greatly enjoyed your posts and the connection we've made from this little CAPS game. A "sentient" listener am I for always!

That said, see you in a week or two. ;)

Report this comment
#45) On June 19, 2009 at 12:18 PM, cthomas1017 (98.63) wrote:

madmoney,

I take it all back.  I stand in humble awe.  These days, it is rare to find a man who knows when to use adverbs as opposed to throwing adjectives around like the Verizon guy throwing darts on the dartboard.

CT! :)

Report this comment
#46) On June 19, 2009 at 1:46 PM, GenericMike (< 20) wrote:

CAPS: It's serious business.

Report this comment
#47) On June 19, 2009 at 2:32 PM, EnigmaDude (82.54) wrote:

Another angry bear goes into hiding.  See ya. (wouldn't want to be ya)

Report this comment
#48) On June 19, 2009 at 3:45 PM, pastordisaster (< 20) wrote:

Well done, trolls.

 

Report this comment
#49) On June 19, 2009 at 3:48 PM, ocsurf (< 20) wrote:

EnigmaDude like this?

Report this comment
#50) On June 19, 2009 at 6:15 PM, rexlove (99.56) wrote:

GMX. Sorry to see you go. I somewhat enjoyed reading your posts - even though I'm a long term bull kind of guy. I think it's important to read differing viewpoints than your own 'cause sometimes you can get caught up in the momemtum and forget what's happening around you. I like to have the bearish perspective to keep me grounded.

You really need to grow up though. You make really bold claims sometimes. You attack bulls like Jim Cramer. And then when someone critiques your claims or offers a counter-arguement you do nothing but call them idiots. Real mature.... 

Report this comment
#51) On June 19, 2009 at 8:49 PM, briyan (31.45) wrote:

I hope you will reconsider, GMX.  I enjoy your reading your blogs but you need a thicker skin to survive on the internet.  Stick to your guns, keep putting out your thoughts, and simply ignore commenters who don't offer intelligent discourse -- remember there is nothing to be gained by responding to trolls.   Nowhere on the internet is safe from this type of behavior, so you'll need to man up sooner or later.

Report this comment
#52) On June 19, 2009 at 9:51 PM, ocsurf (< 20) wrote:

#50 #51 and #17 say it best....

You're a good blogger but GROW UP!

From the way you dish out criticism and name-calling, you really need a backbone!

Anywayz, here's to you!

Report this comment
#53) On June 19, 2009 at 10:19 PM, dexion10 (27.73) wrote:

GMX I've been too busy to read caps much of late - but I thought you've done a great job as a bull and bear so I hope you stick around.

 

In the mean time I'll take a look at some of your recent posts to see how you are positioning for 2h 2009.

 

Basically I think 995 (15x earnings 2 years from now)would be a valuation that discounts 2 years worth of earnings from this point right here and 1030 would be the mark for a january 2010 peak valuation. The market holds valuations that far into the future so the bulls are playing for pennies now 5% annualized return from here to 1030.

The smart money is selling stocks and buying short duration corporate debt because it pays a better yield than the S&P with less risk.

Report this comment
#54) On June 20, 2009 at 2:28 AM, erilis (< 20) wrote:

I've enjoyed reading your blogs over the past months. Ever since everyday left due to the same trolls (people that just dish out crap, not the guys that actually back their retorts with facts) that lurks around here your blog has been the only other that I regularly check back for updates. Wish you good luck in the future, and if possible I'd like to ask you for some financial advices, in private of course. :)

Report this comment
#55) On June 20, 2009 at 8:18 AM, wisesilverwolf (< 20) wrote:

Also a big fan that is going to miss your insight. I hope you return after a short break. Perhaps when the market swings our way your enthusiasm will return and the trolls and bulls will be quieter.

Any other blogs or websites that you can suggest we keep an eye on while you're away? 

Report this comment
#56) On June 23, 2009 at 12:38 AM, andrewl85 (< 20) wrote:

I've never commented on your posts before, GMX, but I've read most of them, and I just wanted to say thanks.  You will be missed whether you believe it or not.  Hope to see you back at TMF some day...

Report this comment
#57) On June 23, 2009 at 4:19 AM, GreenCollegeGrad (79.33) wrote:

Yo gold, new to the site bro and just happend upon ur posts and picks and found them very enlightening. Not sure why people are chugging the hatorade but I for one appreciate the posts.

Hope you reconsider

Dan

Report this comment
#58) On June 29, 2009 at 9:49 AM, mrmok (60.51) wrote:

come back Shane!

Report this comment

Featured Broker Partners


Advertisement