"The Law Of Expedient Genius - no matter how sudden, shocking, bloody, career-aletering, expensive, or ruinous a market reversal is - within a week there is no one who didn't see if coming."
Bob Hoye in Pivotal Markets 30 10 2008.
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"The Law Of Expedient Genius - no matter how sudden, shocking, bloody, career-aletering, expensive, or ruinous a market reversal is - within a week there is no one who didn't see if coming."
Bob Hoye in Pivotal Markets 30 10 2008.
How very true. There is one exception. Macca. He picked it but decided to stay in the market until feb (why didnt you apply a stop loss?). By that time a lot of the damage was done.
Just having a look at the Tapis prices it is showing it close to parity with WTI. Tapis at USD69.15 and WTI at USD68.07.
I was telling you all it was coming all year and took a bit of flack for doing so. Remember a down trend leading to a crash after the olympics. I also told you before the event how i doubled my money in 2007.
WIREMU This is one guy not hiding behind a stupid name who says it as he sees it, not scared to get a bit of egg on the face. I only just re entered the market with Cue at 13.5c for a bit of fun, so keep an eye on that. NZO will track sideways along with the market which will be inclined to reach lower levels simply because of GOVT gaurantees on bank deposits to a running scared market. Cue at least are at an extremely low price with a short term high potential. Macdunk
macca. Its time for you to get your head out of the sand. I will give you that you picked a crash after the olympics. However you never tqalk about many of you faliures. Eg. your huge loss recently on the aus currency. Remember the aus was around USD0.94 and now around USD0.66 Thats around a 30% decline against the greenback. So your buying power overseas has deminished big time.
Your next failure is you got out of the market in Feb. In mid feb the nzx slumped to 3500 from 4250 at the begining of the year. you have already lost about 18% there. your lack of transparency is non exsitant apart from your so called sucesses. Basically i think you are full of crock.
ps. I gave you a pick of AWE when at 2.20. Shortly after it dropped to around 1.70ish but now around 2.60 This is a good time to gobble up on value stocks and imo less time spent on speccy's
keeping you honest. I will buy you a Tui light when i see you at the pub Your friend Nita.
Mack 'professor' dunk,Quote:
HEY CRUDE ONE, First of all you tell me how silly i am for being out the market last feb or there abouts. Its obvious who got that one right. You then try to talk me in to buying CUE when it was 22.5c with me telling you to wait on a TA buy signal. You jumpted in with half your money in CUE, at an average of 21.5c where i got in with a little bit of bank interest at 13.5c so i guess it was me getting that one right.
I doubled my bank last year, am up for a gain of 8% this year with the profit riding on CUE at 13.5c a share. You are playing catch up mate, you will learn fast that you never risk half your bank on an illiquid share. You got to concede your ar*e is getting whipped at the moment by old macdunk. When any company with such a low turnover as CUE you can forget stop losses, you must read the market in advance of the action and be first to act.
I did have a look at NZO but think it wont move fast enough for me. The fun in this game is learnig to read the sign posts, picking the market by reading the commodoty charts, then jump in finding the company most likely short term to benefit. Oil is a decreasing commodoty with an over sold price in an under supply market.
Forget the stupidity of company worshippers, who ride a share down making excuses. The company to you and i is only a vehicle to increase our bank balance, nothing more than that. If you look at a long term chart of NZO you will see where a stop loss would have saved these people from their company worshipping selves. Macdunk
You should have been an Texas Oil tycoon, you are a ruthless operator...
It was unfortunate that I tipped CUE when it was 21.5cents.... it was not my fault....In all respects though, had you held CUE you would have lost far less than most oilers... even the prolific asx oilers fell further...:cool:.... risk return theres nothing around like it...
Whats this im playing catch up to you?
Its quite the opposite really...you are playing catch up to me mate... Ive easily outperformed you over the last 5 years...my only losses in oil ever is CTP, CUE this year... and 500 bucks on FAR (that I can think of)... and a few plays in U that went bad... last year I tripled my portfolio...
you only doubled yours... went all in, or close to it on two occasions...
started with 3k it hit 40k last year... now its just over 20k...
Joe Kings story was even better again...
illiquidity does have plenty of advantages...
It can be very good when big announcements comeand there are no sellers... hehehe...
hey buddy, remember you said you made one hundred percent profit, and then you took 50% off the market and just played with the profits...
what did you do with those profits? MCR PEM?... hehe...
you shoulda had it in CUE instead... hehehe....
your mate shrewd keeping you honest...
:cool:
.^sc
Kupe looks like being a prolific producer of raw Gas-its going to be piped ashore to a production plant and the valuable condensate/light oil exported.
Meanwhile Marsden point imports oil and amongst other products produces diesel-I think I recall they have problems with this being low quality/high sulphur .
I understand diesel can be manufactured by many different ways including from LPG . Does anyone Know if some of the Kupe products could be added to diesel or even used to manufacture diesel economically to be sold here in competition to marsden point and to add value to the Kupe product .
Incidentally I see also that Ford is bringing out a higher performance dedicated LPG engine-I think there is potential for increased use of lpg in transportation when we see the price oil resume its upwards path.
Ford's Fully Integrated LPG Engine - E-Gas
While it may sound like a computer related stomach complaint, the reality of e-gas is a lot more pleasant! The Ford Falcon with E-Gas
is the only Australian built vehicle with a fully integrated LPG engine. The rising cost of fuel has seen car owners begin to search
for cheaper fuel alternatives. Unlike Diesel, LPG is actually cheaper than petrol for around the same economy AND you get a rebate
from the government in many cases for purchasing an LPG powered vehicle.
Cutting fuel costs doesn’t mean you’ll have to compromise on power either, a problem encountered by many ‘dual fuel’ users. Because E-
Gas cars are built to run specifically on LPG, the engine will always maintain a high level of performance. The Government recently
announced a $1000 rebate on every new factory-fitted LPG powered private car, so you won’t just be saving when you fill up your tank
- you save on the cost of your vehicle too!
With the advent of E-Gas you won’t have to fill your car from a deep fat fryer to keep it on the road - LPG is low emissions and great on
the pocket. Now, thanks to Ford Australia’s vision, there is plenty of choice too! The Falcon E-Gas range has recently been expanded to
nine model choices so whatever type of car you are on the market for- sedan, wagon, ute etc, Ford is giving you the option to save
money, keep your manufacturers warranty and be able to drive a safe, reliable, comfortable car.
Meanwhile, the Falcon Ute range continues to be the only range of utes in Australia to offer a dedicated LPG engine. The E-Gas engine
produces 156kW of power and 370 Nm of torque, and is available as an option on XL, XLS, RTV and XR6 models.
“The LPG-powered Ford Falcon is $13.73 a week cheaper to run than the petrol model, saving the owner $714.33 a year or $3571.65 over
five years.”
Sydney Morning Herald, June 30, 2008