Post: #1

Interesting article:

Stock picks from Fed officials http://money.cnn.com/2012/02/02/news/eco...?iid=HP_LN

Quote:Richard Fisher, president of the Dallas Fed, is one of the richest of the 12. He accrued a portfolio of at least $21 million after working 22 years in the financial industry as a banker, stock broker and hedge fund manager.

Fisher owns more than 7,000 acres in Texas, Georgia, Iowa and Missouri, in addition to more than $1 million in SPDR's Gold Trust (GLD), and at least $50,000 in platinum and uranium each.

He also holds common stock in at least 43 companies, including more than $500,000 in Google (GOOG, Fortune 500).

So land, Gold, Platinum and Uranium.

I am down with Gold.

Been thinking of buying Platinum.

And bought a bunch of Uranium stocks all last year after Fukushima. (I am thinking I should have bought way more.)

Decent.

http://www.zerohedge.com/sites/default/f...%20GLD.jpg

Quote:While we first presented Bill Dudley's financial disclosure two days ago, we did so to present the New York Fed's president, and former Goldman managing director's, implicit need to perpetuate the status quo from even purely personal wealth reasons (AIG and GE waiver issues aside). Yet that a Fed member, especially a Goldman alum, is deeply enmeshed within the fabric of the existing, and failing, monetary system is not all that surprising. What is far more surprising, is that the Fed's FOMC may well have a gold bug within its midst, because we were rather surprised to find that none other than the Dallas Fed's Dick Fisher, who however is no longer a voting Fed president in the 2012 year, is a proud owner of at least $1 million worth of Gold in the form of the GLD ETF....and another up to $250K in physical (not paper) platinum. Which begs the question: is Fisher the only Fed president to have seen the light and to put a substantial portion of his wealth in the only asset class that benefits in real terms, from the perpetuation of the Fed's dollar, and fiat broadly, debasement strategy?

http://www.zerohedge.com/news/goldbug-fed

Post: #2

Great read.

There's no way the guy is managing his own stock portfolio of 43 companies (and his other investments) while working as head of the Dallas Fed bank. He probably has Goldman managing it for him.

I don't think there's necessarily anything evil going on here. He has the financial means to have a well diversified portfolio and it looks like he's doing just that. Zerohedge always puts a spin on things, which is usually spot on but sometimes exaggerated. It states he has a substantial portion of his wealth in precious metals which benefit from fed policies. If he has around 5-8% in gold, and another 2-4% in metals, that's completely reasonable.

Post: #3

(02-05-2012 02:05 AM)rozayINTL Wrote:  Great read.

There's no way the guy is managing his own stock portfolio of 43 companies (and his other investments) while working as head of the Dallas Fed bank. He probably has Goldman managing it for him.

I don't think there's necessarily anything evil going on here. He has the financial means to have a well diversified portfolio and it looks like he's doing just that. Zerohedge always puts a spin on things, which is usually spot on but sometimes exaggerated. It states he has a substantial portion of his wealth in precious metals which benefit from fed policies. If he has around 5-8% in gold, and another 2-4% in metals, that's completely reasonable.

ZH can be extremely misleading to the people who are unfamiliar with, and who primarily use ZH, as their source of financial news.
Now, if one were to actually pay attention to the FOMC, Fisher has been quite vocal about his contrary views towards the current and past monetary policy measures taken by the Fed. His ideas on monetary policy and reform are by far the most radical of all the Presidents and Governors, and honestly are the right thing to do, yet he a part of the minority.
Everyone on the FOMC knows the problems that plague the global economies, and have diversified themselves to fit their views.

Post: #4

Always fun to read stuff like this. The more one knows about how the cats on top operate and invest, the better.

Is there a way to find out what stocks most top public officials are invested in? Perhaps via publicly released tax returns? Could be a great way to select investments.

Post: #5

I jumped in and shorted URANIUM stocks and ETF after fukushima. Covered my shorts last year fall. Made some nice coin. I wont go long any time soon.

(02-04-2012 10:03 PM)thegmanifesto Wrote:  Interesting article:

So land, Gold, Platinum and Uranium.

I am down with Gold.

Been thinking of buying Platinum.

And bought a bunch of Uranium stocks all last year after Fukushima. (I am thinking I should have bought way more.)

Decent.

Post: #6

Land has always been the safest investment. Historically wealthy people always dump there wealth into land holdings. Modern laws protect the value and thus you will always see gains communing in. RE fluctuates but the land that RE sits on seldom ever loses value. Look at whom the largest owners of land are globally and I can promise they are in the top 10 in wealth.

It's interesting you seed FED insiders not even touching the junk securities they push onto the masses... That should tell you a lot. Lol.

Post: #7

(02-05-2012 04:57 AM)Entropy Wrote:  I jumped in and shorted URANIUM stocks and ETF after fukushima. Covered my shorts last year fall. Made some nice coin. I wont go long any time soon.

NRC approves first new nuclear plant in 3 decades

Quote:The United States' first new nuclear power plant in a generation won approval Thursday as federal regulators voted to grant a license for two new reactors in Georgia.

http://www.google.com/hostednews/ap/arti...3be40a1a5b

I like to buy low and sell high.

Post: #8

(02-09-2012 02:37 PM)thegmanifesto Wrote:  

(02-05-2012 04:57 AM)Entropy Wrote:  I jumped in and shorted URANIUM stocks and ETF after fukushima. Covered my shorts last year fall. Made some nice coin. I wont go long any time soon.

NRC approves first new nuclear plant in 3 decades

Quote:The United States' first new nuclear power plant in a generation won approval Thursday as federal regulators voted to grant a license for two new reactors in Georgia.

http://www.google.com/hostednews/ap/arti...3be40a1a5b

I like to buy low and sell high.

The US approves building of a nuclear plant? How is that an actionable info to trade the market? The only way that info can be useful is if (a)you know the cost with the 8.3 billion loan and expected profit margin.(b) the companies building the nuclear power plant(hint:the ones that did most of the lobbying and campaign donations), examine their balance sheets to see what is up©How much in earnings will the cost add to their bottomline--you need to see the projections. And then, burst out those math skills and fact check them yourself. (d)How many nuclear power plants(just two according to the article....are there more in the pipeline? How much does these 2 power plants affect a company bottomline?

These and a few other questions are what i will ask. I CANT JUST DECIDE TO GO LONG NUCLEAR COMPANIES because of two power plants approved for georgia. That is not actionable intel.

That is just for the fundamentals.

For the technical analysis, i need to see at least one decisive reversal bullish technical signals(there are about 20 different kind) on the chart of the companies involved.

Like i said, i shorted the uranium stocks and ETF after the fukushima and covered in the fall. Here are the list:

The uranium/nuclear ETF that i went after was the URA.

Shorted URA from $21 and covered at $9.80..to a tune of 53% profit. Right now as of feb 10, 2012, URA is sitting at $10.31.

I didnt just raped the URANIUM/NUCLEAR etf....i also went after the uranium/nuclear stocks as well...of course, the OTCs and under $5 were ignored for obvious reasons...CFD trading of these OTCs and under $5 would have been optimal.(you cannot really initiate short stock position after the stock has sunk below $5 in the USA. there were a bunch under $5 like URRE, RCKGF, MGAFF, LMRXF, TUEFF, TVCFF, CUERF ...etcetera...that later fell hard, dropping by well over 50% in gain...But US residents cannot short them...of course, if you have european, or non-USA based person and you have account that trade CFD for these stocks...you are busying making money.)
Anyways, the uranium exposure that i shorted were:

CCJ.....shorted at $40 and covered $20....that is 50% return. As of feb 10th 2012 sock is at $23. This was by far my largest position. I gave it almost everything i can. I piled on.

USU.....shorted at $5.2 and covered at $1.5 range...66% profit. Stock is still underwater as of feb 10th 2012 stock is $1.60.

URZ....was shorted at $5.4 and covered at $1.7 to a tune of 68% profit. Stock is still underwater as of feb 10th 2012 stock is $2.84.

UEC....was shorted at $6.3 and covered at $3.2 to a tune of 49% profit. As of feb 10th 2012, stock is now at $4.

THAT MAKES a gain of : 53%, 50%, 66%, 68%, 49% gain. From March to October(by that time i have liquidated every position).

TO see some of the damage go and look up the short interest in these stocks and ETF at shortsqueeze.com
. Even now the short interest are still high in all of them. Of course, i have made my money and i am out. Pigs get slaughtered.

I mean, i understand mean reversion theorem of stock trading which is also referred to as variant perception. Buying when others are selling, and vice versa. However, when there is a megaphone that says something is going this way or that, and that megaphone was induced by a major shock to the system....in such a case, i prefer to ride the TREND...the trend, afterall, is my friend......

After the price action congestion starts forming in the fall...putting an end to the trend...Guess what i did? I started liquidating positions. Collected my profits and said thank you. I like easy money.

Post: #9

Entropy -

No need to get jumpy.

I wasn't posting that as an "affront" to what you did.

Of course, any one made money shorting uranium post- fukushima.

We just have different trading philosophy's that's all.

You made money on the down, I have made money on the up.

There really are some jumpy people on this forum.

Post: #10

Southern Company, based out of Atlanta, will build and operate the Vogtle reactors. The first is forecasted to hit the line in 2016. Southern has had great earnings the last three quarters, and is a squared away company.

Post: #11

(02-10-2012 11:56 AM)thegmanifesto Wrote:  Entropy -

No need to get jumpy.

I wasn't posting that as an "affront" to what you did.

Of course, any one made money shorting uranium post- fukushima.

We just have different trading philosophy's that's all.

You made money on the down, I have made money on the up.

There really are some jumpy people on this forum.

GMANIFESTO,

Dude, you need to chill out. The fact that i clearly outlined my thought process, and factually stated which stocks and ETF i traded is not a personal attack. All that does is to clearly present my trading thought process transparently.

You stated that you went long Uranium after fukushima...at first blush that didnt make sense to me...in fact, i did the exact opposite--i went short uranium stocks. So, to make myself clearer, i factually outline why i went short instead. Delineating my trading thought process on uranium post- fukushima disaster.

You could do the same-- outlining your thought process and what financial instruments you used to went long uranium after fukushima.
Maybe you traded/invested in big names URANIUM companies like RIO or BHP or CCJ by using a long term deep-out-of-the-money CALL options that were trading at a dirt cheap discount because uranium stocks were falling like a rock. Of course, since these uranium stocks have consolidated in the fall and starting to rise again, those deep-out-of-money call options will be worth insane amount of money by now. Or maybe you just went long regular shares, buying all the way down while simultaneously using PUT options to effectively hedge your bets against the downside thereby cancelling your downward risk and opening your upward gain to the maximum......Or it could be that you simply wrote options straight out and collect the premiums all the way to the bank. Who knows?
I obviously didnt do any of these because i found it much easier to just straight out short the living crap out of the uranium stocks/etf. Like i said, i like easy money. It could even be that you did something completely innovative. I dont know. Instead of educating me, you went on saying something about something being jumpy. why? because i clearly show my trading thought process with facts and figures. ????????????????????? That makes no sense to me. But hey, whatever floats your boat. If you dont want to tell me how you manage to trade LONG uranium after fukushima and made a profit, that is fine. I wont kill me if i dont know every single money making trick in the stock market. To each his own. You can keep your technique, you selfish bastard.

Post: #12

(02-11-2012 12:44 PM)Entropy Wrote:  You can keep your technique, you selfish bastard.

keep it peaceful