Where in the world is davidslane?

[Dr George]

His commentary and input are the most valued on this site, and since punter has been back, david has been m.i.a.
There were some conspiracy theories that punter is merv...
Is davidslane punter?

These have been two of the most hectic weeks yet,
and our stalwart poster is nowhere to be seen.

[davidslane]

I'm here.

But I get unmotivated to post when my stocks are down so much.
I'll been slowly moving into large and mid cap energy explorers and producers so I haven't been feeling the bad effect of uraniums as much as in the past.  And those stocks seems to be bottoming for the most part.

It will be a year+ for them to recover.
Probably into April 2009.

Also, I've been adding more gold and silver stocks since November, and that has helped me a bit.



At this point, I'm waiting for another "crash" like day in the markets over the next few months to lock him a good refi rate on a 15 year fixed mortgage (I want to move out of my 30 year fixed).  Mortgage rates seem to tank when the market crashes and if you can move fast, you can get a great refi rate.


Plus, with the Super Tuesday primary elections coming up in the US next Tuesday, all my extra focus is over at www.dailykos.com following the Democratic candidates.  The soap opera over there is quite interesting to read between Obama, Clinton and until recently Edwards.


Mark my words, the ground swell behind Obama is becoming a tsunami.
Expect him to surprise many with his performance over Clinton next Tuesday.

[Dr George]

Thank you for your return,
it has quieted my feelings of going long.

[davidslane]

Since I've been completely wrong for the past year, I'm thinking my pessimism now indicates a bottom.

I think Strateco (RSC.TO) at C$2.37 looks quite enticing.
I might buy a bit more if we see more weakness over the next few weeks.
Granted, it is one of my larger holdings already.

[Dr George]

Well then David,
it's a good thing I already went long before this subject was posted.
I picked up some Pdn under 4 this morning, because as I have said in a recent post, anything under 4 on Pdn is money in the bank.

I just didn't go overboard on the longs. Still have about 70% attack available.

I like this intraday reversal we have just seen. You may be right, this can be the bottom.

History has shown that when the FED cuts rates as drastically as they have, the markets go into a lengthy sustained rally.

The only problem is that the markets have never seen these kinds of debt/credit problems before in a globalized environment. We are walking on thin ice, how much can history hold in this frigid atmosphere?

Cramer said the same thing as you, go buy a house with rates this low.

They will go lower. But at that point, will we be in over our heads?

[langman57]

Here in the USA we are already in over our heads and have been for quite a while. My theory is the stock market will drop relative to the housing market. Many predict housing could drop another 10% (or more). So that means the stock market could follow suit. Hey, it's just a theory. I've  been wrong many, many times.

[richmanch]

I thought David was Casey, or maybe Ron Paul.

Speaking of Casey, I don't know why everyone gives him a pass. I like him, like I like Dines, which is to say I try and appreciate them without any delusions. I'm not sure that either has their reader's best interest in mind a lot of the time. I'v been reading Casey's first book--maybe I'll post about that another time. Interesting to say the least.

I think the bottom was Jan 22, and the markets are going to continue to rally. I'm not pushing all the chips in the middle, but I've pushed some, and it's just my opinion. There will still be down days.

Uraniums could be beaten down so bad that they will be slow to wake up, but when they do, they could be manic. Could they hit new, horribly unimaginable lows? Yes. Could they hit all time highs? I think so. Place your bets.

Again, just imo. Most of my attention is on other, "mainstream" stocks and sectors (not so much mining and energy).

Why no more downside? The Fed is printing money non stop. They will not let it happen. A lot of the banks are already bankrupt--but the government won't let them fold because it would be chaos.

[Dr George]

There are just too many compelling arguments from both sides.
Therefore: consolidation time.
Why not? It seems bears and bulls are even.
The market hasn't traded sideways in quite a while.
Is this the time?
Probably, as all the leaders (Bush, Bernanke) plans have been to buy time.
We will probably develop a magnet around these levels.
The markets will still swing 300 points on volitility, but it will return to these levels soon after.
Hey, sideways is better than down!

[jjj000]

does anyone know a good uranium stock average that is charted daily?  I'd like to see price moves lumped together without having to compare 10 multicolor mountain lines on a single chart.

The only one I have found is the Resource World Uranium Index, which as I commented in another post is a complete and utterly useless joke.  I mean, the their average is up 9% today b/c of Rio Tinto.

Or anyone know somewhere I can create my own custom "index" fund and chart it with tools, etc.?

[john77]

jjj000,

techuranium.blogspot.com is a great charted index

[jjj000]

thanks John - but I mean one that I can play around with in real-time, ie. a live, functional chart I can click and change around like one on any finance site.

[davidslane]

Ron Paul??!!!!!!!!

I'm an Edwards and Obama guy all the way.


Ron Paul is a little too anarchist for me (and he never really explained to my satisfaction all the awful racist writings from his congressional newsletter from the '90s under his by-line).

[richmanch]

David,

Sorry man, I was just kidding. I can be pretty glib.

I have the explanation for Ron Paul's racist newsletter. He's a racist.