Thanks Nita, have held shares/opts since '97 so its been a while - got in in billion barrel potential days - yes, I do have a big purr happening! PS in for 214 on the comp.
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Oil surges past $120 on supply concerns; Gas prices have slid more than a cent since Friday
http://biz.yahoo.com/ap/080505/oil_prices.html
These are the final picks for the Option picking competition. Entries are now closed. Hold onto your hats guys, it's going to be exciting. Personally I would like to see WK6332 win. (disclosure - hold a few options myself) but good luck to everyone who entered!
Rabbi 1.5c
Rif-Raf 5.7c
Dsurf 6.5c
Rotweiler 7c
McDunck 9c (Scotch)
Airedale 10K
KS 11.5c
bk 12c
777 13c
Zorba 14.5c
Tim23 15c
clips 17c ( Waitemata-)
Brucey09 17.6c (Sauza Tequila Gold )
Mibo 21c
PieTrade 22c
BobC 23c
Trackers + MPC + Upside Umop 24c
Lion 25c
Digger 27c
Chippie 28c
QOH 30c
Out To Lunch 35c
Taijon 38c
Malcolm 46c
Toulouse-Luzon 53c
WK6332 55c
Promise no more Forum space to be taken up by this except to announce the winners. To those who knocked these comps, think of this as an impromptu poll. For instance, current price is still below 66% of the picks, while 30% expect the price to at least double from here. There's valuable market intelligence right there!
Thanks for all your hard work with this comp. When does it close?
Hi Spook, you missed me out :confused: See message #3476
Cheers
Goldman's Murti Says Oil `Likely' to Reach $150-$200
http://www.bloomberg.com/apps/news?p...nMc&refer=home
Hi ChrisR,
Please be advised that you got the same error again on the “month” on your website, the current month is “May”.
http://www.nzog.net/tui/
Cheers
Quote:From prc thread -Great advice to improve your mental health and ultimately your wealth .
Originally Posted by Mysterybox
Yeah thanks Bermuda and other speculators, you've done us all well
In my reading today an interview with Buffet:
Then Buffet said one of the most remarkable things I've ever heard him say: "There's no reason we should become fearful if a stock goes down. If a stock goes down 50%, I'd look forward to it. In fact, I would offer you a significant sum of money if you could give me the opportunity for all of my stocks to go down 50% over the next month."
Look at that sentence again. What Buffett is actually saying is that most people's emotions work backwards: They get greedy when stock prices go up and fearful when they go down. Instead, if you are a true investor, you should shop for stocks the same way you shop for anything else: Look for sale prices, and never regard falling prices as inherently bad news. Instead, falling prices create the opportunity to buy even more of something that was already worth owning.
In that single sentence Buffett captured the difference between investing and speculating: An investor, like Buffett, wants the price of a stock to fall below the value of its underlying business so he can buy even more and hold for as long as possible. A speculator (like Jim Cramer) only wants the price of a stock to go up, with no regard for the value of the underlying business at all, so he can sell as fast as possible. To the investor, the market's opinions do not matter. To the speculator, they are the only thing that matters.