misterchan

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    • Mon Mar 31st 13:05 PM
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      Is it Finally Time to Sell Gold and Related Mining Stocks?
      Thanks, all of you, for reiterating what I have been thinking . However, having a large portfolio which is hibernating lately, is not fun. It seems that gold mining companies are being punished too much. Even the great ones. Unless maybe the big boys on Wall St. are talking them down so they can buy them dirt cheap? (unintended pun).
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    • Sun Mar 30th 21:11 PM
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      Dividend Aristocrats: Top Dividend Growers
      Very important - When you put in the Sell order the day before the stock goes x-div, PUT THE ORDER IN AFTER THE MARKET IS CLOSED. That way, you will get the div. Also, please excuse typos. Of course, if you don't want the div., you sell BEFORE the market closes. Whichever seems like a better deal.
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    • Sun Mar 30th 21:03 PM
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      Dividend Aristocrats: Top Dividend Growers
      To Marol - There are many ways to make money from dividend stocks besides buying and holding. Which most of the above cimments emphasize. First, check dividends in the newspaper every nite. When you find one which pays quarterly, buy as much as you can if the price has not started to go up. Then, sell the day before it goes ex-dividend. You will usually have more profit than you would have if you had held the stock on its (sometimes) downward trajectory. Or you can do what I did last week - Buy the stock when it has just started to move up. A couple of days before the x-div. date, write about 30 out of the money calls (per 1000 shares) and the day before it goes x-div, put in a sell order at the market. You will get (usually) the first price of the day, which I did. The stock has already moved down where all my calls are profitable if I wanted to buy them back, but they are very safe. I love dividends. By the way, there are times when the stock does NOT go down after ex-div day. You can spend some time each week finding div. situations and making a list. Then you can jump from one issue to the other. Right now I own some HTE (a Canadian Royalty Trust) which I have been holding for awhile, but I write way-out of-the money calls close-in right before it goes ex. Pays a generous div. The market, these days, is not a place where I feel comfortable holding anything(with a few exceptions) for very long. My opinion - When you have a profit, take it. We're not going to the moon just yet.
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    • Wed Mar 26th 22:13 PM
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      UBS: Goldcorp and IAMGold Still Top Picks
      How nice it is to hear affirmative things about GG and IAG. It makes owning the shares a little more comfortable, especially with the violent ups and downs of GG. IAG is one of my favorites. They have many mining properties in many countries, they belong to the World Gold Council and for the past 7 years they have paid an annual dividend of $6.00. I remember when AEM was $12.00, and look where it is now. In my opinion, IAG will travel on the same path. Right now, it is a bargain.
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    • Tue Mar 25th 00:00 AM
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      Fast Money Recap, 3/20/08: Cold Commodities
      Thanks for all your comments. It was fun reading them. However, Biodoc, in my opinion, is the most savvy. I have been writing out-of-the-money options for years. They give a better chance of making a profit. And maybe people who have no idea of the inner workings of Wall St. would be monetarily safer keeping their day jobs.
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    • Fri Mar 21st 23:37 PM
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      Burst Bubble? Commodities' Long-Term Story Remains Intact
      Thanks to all of you for the interesting opinions. Except for one or two who deplore gold and oil. I especially liked Yank and would have written something similar. But he said it all. Now all we have to do is pray we are right. I think we are.
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    • Fri Mar 21st 23:08 PM
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      AAR Corp. Reports: Still a Strong Buy
      Also not buying.
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    • Fri Mar 21st 23:00 PM
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      Main Street Sacrificed to the Gods of Wall Street
      Lots of good posts. It sounds like Americans are waking up to what is happening in America. Also, I enjoyed reading the list of Tony S., so please keep including him.
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    • Fri Mar 21st 22:13 PM
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      Bespoke's Commodity Snapshot: Key Support Lines Challenged
      Excellent previous comment. In my opinion, commodities suffer the same fate as did Cinderella, but worse, since there are more than 2 mean stepsisters (and brothers) on Wall St. who, whenever they can benefit, deride commodities and bless stocks. And justify bear markets by offering them as an opportunity to buy stock. Why not also buy gold when it has a correction? Or mining shares? In my opinion, the bull market in gold and oil and the decline of the dollar are still intact.
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    • Fri Mar 21st 21:48 PM
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      Fast Money Recap, 3/20/08: Cold Commodities
      Why is it that when the market goes down 400 points (and not just once), all you people on CNBC just keep smiling. suggest a lot of excuses and give stock purchase recommendations which, even in bear conditions, will go up, but when precious metals have a similar correction, and this after having made big upward moves , especially in the last couple of months, you advise getting out of gold and oil, too?Could it be that the markets are rigged and that is what precipitates all the dramatic movement and all the subsequent advice? Is it possible that all the Wall St. insiders are quite easily making millions because of dispensing all this directional advice? I think so. What think you?
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    • Mon Mar 17th 17:35 PM
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      Having Trouble Buying? Consider Selling Puts
      What a great article. I have been writing options for years. Mostly puts, but occasionally a far-out of the money call. The nice thing, too, is that they can be rolled from month to month in case you don't feel like buying them back if you don't want the stock. I think the thing that stops a lot of people is strictly a financial concern re margin requirements and running out of buying(or should I say writing) power? The option- writer who writes out of the money puts has a much better chance of profiting than the buyer of options. And to rdial54 - an experienced option-writer never would have written on BSC or any other financial at this time. While the gold is moving, there are some great opportunities in GG, HMY, AUY, IAG,KGC,FCX and GFI. Just make sure you have a sufficient supply of cash and check your writes all the time to make sure there is still premium and you won't get hit with the stock. Of course, sometimes a put is written because you want the stock. Thanks for the article. I hardly ever read about this subject.Will be looking for another article on the joys and miseries of naked calls.
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    • Mon Mar 17th 17:11 PM
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      The Bernanke Fed's Next Interest Rate Cut Will Be Its Last
      Richaed Ney used to say, "The market is rigged." And "The stocks theywant go down the most".You may remember him. He was an actor, wrote a book entitled "The Wall Street Jungle" and appeared regularly on TV. I have always agreed with his pronouncement that the market is rigged.Anyone who trades in the market needs to be aware of that fact.
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    • Fri Mar 7th 16:53 PM
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      Junior Gold Companies Should Experience a Turnaround Soon
      IAG is a Canadian miner with mines in many places around the world. It has respectable numbers and for the last seven years it has payed an annual dividend.
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    • Fri Mar 7th 00:10 AM
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      Ian McAvity on the Economy and Gold
      Thanks for the wonderful article. I am involved with all the stocks you mentioned, except BVN, and I agree with you about S.A. mines as regards holding them, but with a little agility I have found that HMY and GFI can be traded. Also, when the gold is down and the gold stocks are down, these two march to their own drummer. You just have to like trading. Which I do. Thanks again for all the wonderful info, Ian.
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    • Sun Feb 24th 20:11 PM
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      The Good, the Not-So-Bad and the Ugly Commodites ETFs
      At the present time, it would seem that prudence in the realm of the NYSE is indicated. All the big boys are, and have been, for a few years, in denial about gold. And they will stay in denial for as long as gold is advancing and, whenever the tide turns, no matter if it takes 10 years, they will smile with their cold Wall Street smiles and say, "See, I told you so. You should have listened to me." And they will be happy. But, so will we. Because we will all have beaten the Dow Jones. And cashing in our gold bars, coins, etc.
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