tag:blogger.com,1999:blog-30368639.post8376452160524187311..comments2023-10-16T01:58:50.870-07:00Comments on TRADING WITH WAXIE: Please don't wake me from this dream...Waxiehttp://www.blogger.com/profile/08513802524809539679noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-30368639.post-23506195435702332662009-02-26T20:51:00.000-08:002009-02-26T20:51:00.000-08:00Waxie, right on about letting failing businesses f...Waxie, right on about letting failing businesses fail. I think it was Stossel who said something like, "when you pay for something, you tend to get more of it." What do we expect to get from giving money to failed businesses besides more failed businesses? I'm sure its a similar frustration that got Rick Santelli all worked up, which then inadvertently led to the arising of new "Tea Parties" all across the country.Kevin Scobeyhttps://www.blogger.com/profile/01506567532787123366noreply@blogger.comtag:blogger.com,1999:blog-30368639.post-56624720909591727772009-02-26T20:43:00.000-08:002009-02-26T20:43:00.000-08:00Profits for February are more than January I think...Profits for February are more than January I think. I've done quite quite well. Hopefully can keep it up. If I did this every month for a year I'd retire! :)Waxiehttps://www.blogger.com/profile/08513802524809539679noreply@blogger.comtag:blogger.com,1999:blog-30368639.post-82394865719594812962009-02-26T20:40:00.000-08:002009-02-26T20:40:00.000-08:00Ok. here are Cramer's own words: "No one can mak...Ok. here are Cramer's own words: "No one can make a dime with this administration"... <BR/><BR/>Ok, Waxie, everybody is wanting to know this: what were your profits for the month of February?mauimanhttps://www.blogger.com/profile/14782845571891441544noreply@blogger.comtag:blogger.com,1999:blog-30368639.post-81332410127755704172009-02-26T19:58:00.000-08:002009-02-26T19:58:00.000-08:00Waxie, if C (or any other stock) stays below $5, a...Waxie, if C (or any other stock) stays below $5, aren't mutual fund managers obligated to liquidate positions to meet conservative mandates? <BR/><BR/>Somehow I doubt fund managers keep FNM and FRE in their fund anymore. <BR/>I am not - nor have I ever - worked in the fund industry so I was hoping you would know more about that.In Debt We Trusthttps://www.blogger.com/profile/05283475872936333396noreply@blogger.comtag:blogger.com,1999:blog-30368639.post-76299648772463021772009-02-26T18:53:00.000-08:002009-02-26T18:53:00.000-08:00Waxie, what do you think about the BOJ's announcem...Waxie, what do you think about the BOJ's announcement that they will be buying Nikkei shares? <BR/><BR/>I thought that US short sellers had it bad but imagine being a short seller in Tokyo!<BR/><BR/>Do you think Obama and his minions will imitate the Japanese by buying NYSE and S+P shares? US traders are already very suspicious of the "PPT" action in the futures market (especially on those gaps you talk about). But for the govt to openly announce they are buying equities? How do you trade something like that?<BR/><BR/>My guess is that if it were announced then treasuries would sell off hard.In Debt We Trusthttps://www.blogger.com/profile/05283475872936333396noreply@blogger.comtag:blogger.com,1999:blog-30368639.post-65626279906239440272009-02-26T16:26:00.000-08:002009-02-26T16:26:00.000-08:00I think GOld and Silver are trades like everything...I think GOld and Silver are trades like everything else. :)<BR/><BR/>I think you can trade in and out of it. It should get beaten up pretty badly at some point and get a major drawdown, and then should get a super move up past $1200 to $1500 levels. The problem I have with Gold is that its all in your mind, its fiction, it doesn't really have any intrinsic value. If there was some major disruption people assume it would go crazy higher, but do you really think you'll be bartering with gold if that happens? I don't. BUt, itsgood for trades, that is for sure!<BR/><BR/>WaxieWaxiehttps://www.blogger.com/profile/08513802524809539679noreply@blogger.comtag:blogger.com,1999:blog-30368639.post-11298631765236632162009-02-26T16:15:00.000-08:002009-02-26T16:15:00.000-08:00You da man Wax. Just began reading the blog a cou...You da man Wax. Just began reading the blog a couple weeks ago. Spot on! Wonder whether those with $$$ who voted for BO would do so again. I think many were in denial when he said he would spread the wealth even though it's gonna be more like spread the poverty.<BR/><BR/>From what I've seen in the short time I've been reading here, your calls have been awesome. I know it didn't start two weeks ago...lol.<BR/><BR/>What's your take on gold/silver long term given the moves our government is taking? Do you think the $ will collapse at some point?<BR/><BR/>Thanks.<BR/><BR/>S----SSilverSurferhttps://www.blogger.com/profile/05816025715852131270noreply@blogger.comtag:blogger.com,1999:blog-30368639.post-41002383783261432152009-02-26T15:09:00.000-08:002009-02-26T15:09:00.000-08:00Waxie, you are the man. I was only reading your b...Waxie, you are the man. I was only reading your blog last year, and in only 9 months my account was up 126% - for real! Just joined the Ninja plan this week, I absolutely love the chat room!!!<BR/><BR/>If anyone is holding out on joining Trendfund, I'm here to tell you I'm satisfied after only 4 days.<BR/><BR/>RULE!!!!!cyberczechhttps://www.blogger.com/profile/17500065031026190418noreply@blogger.comtag:blogger.com,1999:blog-30368639.post-78614749667336326492009-02-26T14:47:00.000-08:002009-02-26T14:47:00.000-08:00The interesting thing is that Obama in his book, "...The interesting thing is that Obama in his book, "The Audacity of Hope," recognizes failure as a way to clean things up. The fact that one has worked hard or done "all the right things" is no guarantee he/she will not be taken out as dead anyway. However, employees in failed industries such as car manufacturing and all the others simply aren't going to face the sad reality as long as Uncle Sam is willing to play their game. Obama doesn't want to pull the plug on their respirators.thomashttps://www.blogger.com/profile/16503251087435974001noreply@blogger.com