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John Marks & Zealous Representation?

From 5/06 "As We See It":

"Rollo was putting up all the money. He should have owned 100% of the company."

"The papers should have specified other things as well: that Rollo's cash infusions were to be documented, interest-bearing loans..."

I for one would like to hire JM to sue the companies I own common stock in for neglecting to pay me interest on my shares all these years.

Jim Tavegia
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Re: John Marks & Zealous Representation?

You know exactly how the people who owned stock in Lucent, Delta, and Enron feel.

CECE
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Re: John Marks & Zealous Representation?

I did own Lucent, I sold well into it's 82 high, I made money not lost, it later crashed and burned. It paid for a lot of stuff. I became a skeptic on LU as it went, before it crashed and burned, looking at it's facts and figures, I sold. Gee, just like being a skeptic on wire claims, skeptisism wins all the time.....and some dumb luck always pays off.

gkc
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Re: John Marks & Zealous Representation?

Yeah, sure, DUP. Where did you buy it? 81? This was around the time I began accumulating mining shares -- GG, BGO, NEM, and later, AUY, NAK, KGC, MDG, GFI, and AEM. Strangely coincident with the reversion of our national budget surplus to the debt we have grown to love so well. And there's gonna be a LOT more to love! It's not too late, DUP. Over the next 5 years, most of these shares will double, triple, even quadruple again...and, of course, over the same time frame, the bullion they mine will do the same. Let me know when you decide to buy...I'll sell you mine! A contrarian's dream...sure-fire evidence of a top! Think of it! You could put Wurlitzers and Van Alstines in every room, including the commode! You could buy your own power grid to feed 'em! Cheers, Clifton

Monty
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Re: John Marks & Zealous Representation?

Since I have the uncanny knack of being able to buy a stock right at the top and right before it takes a plunge, I have a proposition for you, Clifton. What do you say to me recommending several stocks to purchase, I'll go ahead and go long a very small amount, you go short a really large amount and split the profits with me?

This would probably be the only way I could ever make significant money picking stocks.

CECE
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Re: John Marks & Zealous Representation?

Noooooooo. Basically when LU was formed, up up up. Then the big fall. I figured it's time to sell, Dumb luck mostly. Of course you bought HDI when it went public, for it's 15,000% 20 year return? Me neither. And you do have some GE say issued in the late 20's, cus' now each share is about 4100 shares each with all it's splits....slow and steady ALWAYS wins. Always Fast up, fast down.

gkc
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Re: John Marks & Zealous Representation?

Hi, Monty -- actually, I was just pulling DUP's chain. God knows, he's always pulling ours! For the record, the high on Lucent (LU) was put in during December, 1999, at just a skosh under $70. If he sold at $82, his broker is dyslexic. I want his 'phone number.

All of the issues I mentioned will be good for the next 3-5 years. But they are extremely overbought, some with negative divergences, price versus MACD and RSI. At some point they will correct, but nobody knows when or at what price. You can't buy here unless you nibble and keep plenty of cash for more buying at lower prices...and, hopefully, some negative sentiment towards gold. Right now, all the goldbugs are raving wildly. These issues CAN keep going straight up for awhile longer, because the general public is NOT yet into gold and the mining shares. But I just don't think it is wise to pile in when ALL the seasoned gold traders are so wildly bullish. I like BMGX and LBTS right now, at $.80 and $1.20, respectively. They are out of the mainstream and have the POTENTIAL to double or triple by year's end. They are high-risk junior explorers, which means they can also go to zero. Risk management is essential. If you want to risk a couple of grand on BMGX, it may drift down by half or go sideways, at worst, so you wouldn't use stops. LBTS recently washed out to 86 cents, so that number would define your risk. It is a potential $20 stock IF things go as expected. Uranium as well as gold. They own half of the Pebble caldera (Alaska), an ancient volcano crater that has already been partially explored by Northern Dynasty Minerals (NAK), a company I own at 3 bucks (it closed Friday at around $8.10). The entire caldera is rich in moly and porphyry, and NAK has identified proven and probable reserves in excess of 20 million ounces of gold, and they are ready to start mining and join the ranks of producers. They will probably be bought out by one of the majors, who are all desperate for new properties. LBTS, as I said, is under the radar, and may be sitting on an equally (or even BETTER) lucrative pile of dirt. Plus, they've been buying up uranium pipes in Arizona. No visible downside, but when you have a start-up explorer, there can be financing and permitting problems down the road. Alaska is friendly to miners, so that's probably (not certainly) no problemo. I own over 10,000 shares of each. Cheers, Clifton

gkc
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Re: John Marks & Zealous Representation?

Ooops. Forgot. LBTS = Liberty Star Gold Corp. BMGX = Battle Mountain Exploration Corp. Both are bulletin-board stocks. For charts, go to Stockcharts.com. Don't be put off because they are not yet exchange-traded. You can buy them online. Both have been quite liquid, and I have had success bidding for them, as well as placing market orders. Almost ALL of the miners that now are on the AMEX, NASDQ, and NYSE were once on the bulletin boards. BMGX shows that the MACD histogram is approaching zero...a decent enough time to buy. It has corrected down from a recent high of 91 cents. LBTS is trying to put in a head-and-shoulders bottom, after a yearlong decline. It has come down recently from a buck fifty (recovery high -- all time high is $3 bucks). A strong close over $1.55 will confirm the reversal pattern and trigger buy signals on every trader's computer. This is the best I can do, now. If you wish, I will let you know when I think the other miners are in a lower risk buy-zone. Summer is digging time. If ANY good results come in over the next 2 or 3 months, both of these junior explorers could explode. Risk capital only. Clifton

gkc
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Re: John Marks & Zealous Representation?

Hi, Monty,

So soon? All the miners are getting clocked as we speak. Buy when there is blood in the street. The alternative is to buy when everybody is warm and fuzzy about 'em...at much higher prices. My favorite is AUY, Yamana Gold. It is around $10.20 at this moment. I have been buying all morning. This is investment grade, not a flyer. Yamana will be a blue chip producer a year from now and will probably push 50 bucks before this inflationary interlude is over with. Yamana's PE is around 10-11, a screaming bargain in this universe, where PE's in the 30's are commonplace. I don't see much downside here, or I wouldn't have bought today. The 50-day moving average is around $10.05 and will probably hold on a closing basis. BMGX and LBTS are holding well, considering that all the weak players in this sector are now running for their lives -- each is down about a nickel. Cheers, Clifton

CECE
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Re: John Marks & Zealous Representation?

Looks higher than what you recall. It was in the 80's before the big fall. Maybe that's why you didn't make any money, ya gotta PAY ATTENTION!!! http://finance.yahoo.com/q/bc?s=LU&t=my&l=on&z=m&q=l&c=

CECE
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Re: John Marks & Zealous Representation?

The chart is not linear, and the high is not 70's into the 80's. Now it's worthless, well now it's Alcatel.

gkc
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Re: John Marks & Zealous Representation?

DUP, I've pulled enough money out of these markets over the past 30 years to buy every pair of Wurlitzers (AKA "Whispers") in the state of Pennsylvania. As for Lucent, check out Stockcharts.com. The all-time high was just short of $70, and the flag was planted by some poor fool around the last trading day of 1999. It doesn't matter whether the CHART is linear or logarithmic -- it's the PRICE that counts. The print. The bid and the fill. Check it out. Peace and love, Clifton

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