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I saw your post for CEF. One thing you or others who are looking to add some gold exposure to your account is ASA. It is a gold fund that is about 70% in south african mines and 12% Canadian mines. Gold and platinum. Plus to boot it pays .15 share quarterly dividend and sells at a discount...

I posted this yesterday and am long IJS since yesterday. It is the S&P 600 Small Cap Value index and is the only index that is holding it's 200 Moving average. Also RVT which I added today is Royce Value Trust which pays a dividend of about 6-7% and is probably below NAV. Junk Bonds have...

David Faber reported today that the bonds are selling for .12 on the dollar. Option 1 if you can short it after it is halted which I would highly doubt is to buy the bonds and short the common as a hedge. Option 2 would be to by the bonds and sell the calls as a hedge. Option 3 would...

Chas, you would rembembe better than I. I remember two Bakers that screwed up. Both named Jim. Own was something like two blanks a blank and a blank. The other had people send him money so he could spend it on women and wine. Other than that in 87 I was worried about working in the good...

Moffit here is a link for after hours futures quotes. http://www.cme.com/httpwrapper.cfm?wrap=/wrappedpages/delayed_intraday_quotes/10min_globex_flash_quote/gflash.html I will warn you, unless you are one of those people who likes to see train wrecks it aint pretty tonight. There are...

Wild does not even begin to sum it up. Intermediate Bonds have held up pretty well. Junk, and Emerging Markets have gotten killed. Although they did rally just a little today, for what that is worth. It almost seems funny that there was a time many moons ago where I wished I had loaded...

I did not, but I do know that Jack Grubworm came out and downgraded WCON. Wow talk about a prescient call. He got me out just in time. I was holding from $60 to $0.60 but needed to hear that it was really time to get out from the mighty Jack. No networks on my buy list, a few closed end...

Chas, Actually, if I had not got out of bed today I would have been in better shape. Get squeezed cover, try to squeeze, no dice. Sell hedge purchase hedge, bleed bleed bleed. I still have some shorts on, but I got really lucky doing my pseudo workout and caught the Faber Report on WCON...

CME website is down, wonder if it is getting a few hits tonight. Has anyone thought about the implications for JNPR or CIEN? CSCO too, but the lformer do a huge chunk of business with WCOM from what I remember.

Yeah, I've made almost as much this year trading long distance services as I've made trading stock. 3 checks from att airline miles from MCI And I almost switched to Sprint, but the dude in the black trench coat showed up and started pestering me, so I told him and that damn hand that...

Matt, That sounds like a trade I've read about called the Chicago Swing or something like that. That is where you load up on a position and a plane ticket to the Caribbean. If the position pays off you show up for work on Monday, if not Coffee, Tea or for $4 you can purchase an alcoholic...

Lundy, I will definitely give you credit for taking a stand and making a public statement. That is a lot more than many are willing to do. Hope things work for you!

Dat, Why not short some of the REITS as they start to crack. Some have already started to cut dividends. You will still have to pay any dividend being short, but you would pay it with a home equity loan anyway. Then invest the funds like you planned to do. That way you can keep your home...

Hong, One thing you may want to consider is William J O'Neill's how to invest in stocks. And at least pick up a copy of the the Friday Investors Business Daily. In that it lists stocks within 10% of a 52 week high with earnings that are better than 80% of the IBD universe. Now in...

One thing I will toss out that occurred to me over the past two years in some of my contrarian type plays is to have those plays produce income of some sort while I am waiting. On another thread a member talked about how he bought fixer up properties, rented them and let them appreciate...

Stockrock, without going into the gory details of my crash and burn with leaps to ruin a weekend why not SELL the 900 or 1000 puts on the SPX. This creates a similar although somewhat riskier option on the play. The advantage is that the market could go nowhere and you still make money. If it...

There are several arguments that I could make for housing prices starting to fall at some point. Incomes are heading down, several people I know have recently sold their house very quickly for top dollar. Every apartment in my area is practically begging for tenants. In fact, my rent was...

What do I think? I think I am going to turn my monitor upside-down and pretend that it is 1999 and we're all debating the possibility for Nas 10,000.:cool: :D :confused: A multi week rally would be great, but where is the catalyst? Things are negative all over the world, not just CNBC...

Rigel, your posts have been bearish in the past few months, any reason for a change of opinion? Almost the exact opposite of the way I felt for most of the year as I had been pretty optimistic for most of the year.