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Hoarding is exactly what the government is doing right now by filling the SPR, and frankly it's the best thing that could happen. It drives prices up. High prices encourage demand destruction. They also finance new well development. The hoarded oil gives us a buffer to fall back on once shortages become more prevalent. High prices are what we need in order to adapt to what's coming, and the sooner they happen, the better.

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Author Message
  Topic: Pump and Dump Cramer- People actually listen to this guy?
drew

Replies: 33
Views: 1240

PostForum: Economics & Finance   Posted: Fri Jul 18, 2008 1:53 pm   Subject: Re: Pump and Dump Cramer- People actually listen to this guy
ahhh but that's what your co-worker said.
How do you know he's telling the truth?
Maybe he actually lost money but didn't want to look like a fool so he said he broke even. Twisted Evil

Ha ha, you ...
  Topic: Is your bank on this list?
drew

Replies: 5
Views: 639

PostForum: Economics & Finance   Posted: Fri Jul 18, 2008 10:14 am   Subject: Re: Is your bank on this list?
NO.......

However, I am playing the volatility in the sector. Sadly my timing and balls are slightly off, despite being in the money.

Bought CIBC (CM-T) at 57 last week and promptly watched it s ...
  Topic: Pump and Dump Cramer- People actually listen to this guy?
drew

Replies: 33
Views: 1240

PostForum: Economics & Finance   Posted: Fri Jul 18, 2008 10:06 am   Subject: Re: Pump and Dump Cramer- People actually listen to this guy
It is a dirty business.

Many here certainly believe that anyways.

You really have to do your own thing.

A year back a coworker told me to buy Sandvine, which his bank was pushing.

I aske ...
  Topic: Pump and Dump Cramer- People actually listen to this guy?
drew

Replies: 33
Views: 1240

PostForum: Economics & Finance   Posted: Wed Jul 16, 2008 6:41 pm   Subject: Re: Pump and Dump Cramer- People actually listen to this guy
Cramer is entertainingly stupid, that's why I watch.

I read a couple of his books, he's no dummy, but certainly not right upstairs too.

He has good general advice on how markets work. Having sa ...
  Topic: Bernanke All But Admits Peak Oil
drew

Replies: 7
Views: 835

PostForum: Peak Oil Discussion   Posted: Tue Jul 15, 2008 10:26 pm   Subject: Re: Bernanke All But Admits Peak Oil
He blamed the evil NOCs and countries unwilling to allow development, while hinting at PO by referencing the declines of mature basins like the north sea.

I too thought it resembled an oblique adm ...
  Topic: At what point do you say F it?
drew

Replies: 29
Views: 1002

PostForum: Psychology   Posted: Sat Jul 12, 2008 5:42 pm   Subject: Re: At what point do you say F it?
Who is Boo Ya?
......probably no one, but perhaps the OP is a Jim Cramer fan!

BBBBOOOOOOOO-YAAAAAAAAAAAAAAAA!
Drew
  Topic: Anyone live near Waterloo (Canada)?
drew

Replies: 11
Views: 326

PostForum: Americas Discussion   Posted: Fri Jul 11, 2008 5:23 pm   Subject: Re: Anyone live near Waterloo (Canada)?
Spring Creek, Narz, I'm game. PM me with the details.

Drew
  Topic: Trader's Corner 2008
drew

Replies: 525
Views: 36559

PostForum: Economics & Finance   Posted: Fri Jul 11, 2008 2:56 pm   Subject: Re: Trader's Corner 2008
The Caddy of course!
  Topic: Trader's Corner 2008
drew

Replies: 525
Views: 36559

PostForum: Economics & Finance   Posted: Fri Jul 11, 2008 2:38 pm   Subject: Re: Trader's Corner 2008
Was that really your car?

omfg......
  Topic: Trader's Corner 2008
drew

Replies: 525
Views: 36559

PostForum: Economics & Finance   Posted: Fri Jul 11, 2008 2:26 pm   Subject: Re: Trader's Corner 2008
Only if one owns it, I expect........

Drew
  Topic: Anyone live near Waterloo (Canada)?
drew

Replies: 11
Views: 326

PostForum: Americas Discussion   Posted: Fri Jul 11, 2008 2:17 pm   Subject: Re: Anyone live near Waterloo (Canada)?
I live in Waterloo. My neighbour is a real environmentalist and is very politically active (I'm not), and she is the only person I've met who knows about peak oil. (aside from the fine folks here of c ...
  Topic: Trader's Corner 2008
drew

Replies: 525
Views: 36559

PostForum: Economics & Finance   Posted: Thu Jul 10, 2008 2:01 pm   Subject: Re: Trader's Corner 2008
Watching this Lehman situation.... does anyone step in this time?

Maybe not!!

Yeah, a 14% drop in one day!

Too bad it's also punishing my cibc.......


Drew
  Topic: Trader's Corner 2008
drew

Replies: 525
Views: 36559

PostForum: Economics & Finance   Posted: Thu Jul 03, 2008 4:53 pm   Subject: Re: Trader's Corner 2008
Hey Bill et al! I am lurking often, keep up the fine job! It is much appreciated.

Have been waiting for a pop like yesterday on the TSX. Down -438 btw, so I had to buy some CIBC today. I got it at ...
  Topic: If I had $1000 to spend on bicycle parts ...
drew

Replies: 26
Views: 1182

PostForum: Planning For The Future   Posted: Thu Jul 03, 2008 1:13 pm   Subject: Re: If I had $1000 to spend on bicycle parts ...
1000 bucks for parts??

Quite a few people have some good lists but they are incomplete for the most part. If you are talking replacement you need to consider those parts. Start with a good quality ...
  Topic: Planning a long range bicycle trip
drew

Replies: 23
Views: 1339

PostForum: Planning For The Future   Posted: Sun Jun 15, 2008 4:35 pm   Subject: Re: Planning a long range bicycle trip
Wow, she told her kid not to become a bum like you?

Unbelievable!


And a kid in a beemer chucked pop at you?

What the hell!!


Your epic ride sounds a little scary, from what little I've ...
 
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