Bill, Saw the blog from "Nova Lawyer" on the day before. It's amazing how these guys get away with talking so big, yet don't have the courage to give any ID. In any event, we all should understand what a speculative bet (KRY) is, and as you have pointed out on numerous occasions, this is not for the faint of heart. Also, you are quite correct about the Institutional interest on (KRY), I noticed Fidelity (among others) has a large posistion. Glad to see your feeling better.

Enjoyed reading your comments this AM Bill. As an relative newbie I might not grasp everything you say when I read, but a few months down the road a light bulb goes off, then I can say, OH ya, now I understand!

Enjoy your monumental day...

Just a small side note......Shouldn't we be talking about natural gas equities. I just opened my January gas bill....Lord, that was hard to swallow. Not sure if the gas company changed ink or paper, but I had to chew and gulp more then usual.

Bill - the commentary this AM was informative. Glad to see that things are looking UP. It has been missed!

It's great to "see" you're feeling better, Bill. And thanks for a fine post.

Bill glad to see you are feeling better.

I had put some refining info under the blog couple days ago about refining. [Don't know if I should have gone to current day or not...] Anyway, thought I'd add for grins: in Nov [pretyy sure that was the month] of '02 I had 150 TSO $2.50 (yes, $2.50!!) calls that expired worthless because the stock closed under $2.50 at expiry! And I didn't even get a Christmas card from whomever wrote them! Tming is key as they say. Glad to hear you are feeling better. [ Was just up in Vancouver at the resources show BTW.]

Louisville, KY

Chat with realtor there says national statistics continue to be distorted in the housing market by the way banks are “working things out� with home owners who have been unable to meet their loan payments. The dispossessed owners are told the bank doesn't want to take over the house at this time but for them to move out of the dwelling, try to sell it and settle up with the bank later thus avoiding a documented foreclosure announcement, skewing the reality of the dire housing market once more.

The fox is back on recovery road, and I am happy!!! Good health and good blogging to you, Bill.

Based on the content and tone of his posts as well as his general disinterest in investing specifics I would guess NovaLawyer is a right-wing ideologue who is attacking Bill for his views on freedom and his occasional lack of 'enthusiasm' for the current administration in Washington DC and NOT because Bill has expressed a positive opinion of Crystallex.

When extremists of any stripe wish to discredit someone they not only typically mask their identity they typically mask their real agenda or purpose; self-righteousness is usually the mark of a scoundrel or a hypocrite.

PS: Disclosure: I bought KRY at an average $2.53 US and fully expect to either sell at 4 to 5 times that or see it converted into the shares of an acquiring gold major at a comparable rate within a year. If Chavez really does turn out to be a fool rather than wily dog who is picking up some KRY on the side after shaking out some weak hands then I will express my sympathies to the poor people of Venezuela who will ultimately be ruined by his policies and accept my personal loss with as much grace as I am able; whether a crony capitalist does it or a populist socialist does it being robbed feels pretty much the same when all is said and done.

Yeah!

You did indeed nail all those things you said you did, Bill.
And Novalawyers a bum. (hasn't he posted some full of himself comments here before?) You've always been upfront with KRY.
Good to see you back in the saddle, or nearly.

Congrats on your recovery Bill, glad to see it.

Glad to have you almost back to normal Bill, great reading today.

Bill, you would have been amused if you had been a fly-on-the-wall two nights ago when a friend and I discussed our important question du jour: Is Bill Cara a near genius or just highly intelligent and/or specially gifted?

I won't tell you how we came down on the question, but I think you would have enjoyed the lively discussion.

Novalawyer? WHO CARES!

Glad to know that you're up and running. Bravo!

Bill:
RE [RIO] -- NYMEX trader Eric Bolling has also been touting it several times recently on CNBC's "Fast Money" at 8PM ET. Continue to recover!!

I have a question about the mechanics of the market order flow. Today I noticed that virtually all of the home builder stocks had extremely large volume at the close. Is this due to order imbalances getting squared or institutions selling or an arranged sale?

TIA

Bill the way I remember it you started out saying KRY was a dog, and couldn't understand why Cramer was touting it, and in fact in fell quite a bit in value soon after. Then you had some discussions with the management at KRY and changed your opinion. Novalawyer seems to be one big ego, worthy of ignoring.

Hello All,

I've been wanting to share some thoughts regarding crystallex, having successfully traded, not invested, primarily using the little big-mouthed one as a catalyst. I actually wish a lot more stocks were dependent on hysterical dictators, I would find myself with many more imbalances with which to make hay, as it were.
I've been wanting to share with you guys, and to learn from Bill and from you all. This is definitely one of the coolest forums for this stuff out there. About the stock, as a chartis as I'm sure yu all are too, I was really tempted to write, back on the 12th, that KRY was headed south, although the depth of that plunge frankly surprised me, the fact that if fell did not.
I'm not here to predict another death-dive, although that is certainly not out of the question. I am here to say that there are several factors impacting the value of this franchise that were not in evidence when KRY was trading at similar levels as recently as this past November.

Number one, Chavez is hopefully a benevolent dictator who, maybe will improve the lives of the average Venezuelan. By the way, my own sister, back in the mid 90's, was Jetting to Caracas with teams of bag men and con artists, er, I mean, Wall Street big shots to set up the telecom deal that Chavez just took. Anyway, the cat's really out of the bag now. what does that mean? It means that when and if the mine is "approved", that no one is going to step and and fork over 12 smackers per share, or whatever the value is supposed to be. No one now believes, in their heart of hearts, that the little guy will let this thing see the light of day, unmolested, as it were. What's the new risk? and extra 30 percent? That's an $8.40 stock. Also, this baby is still trading where is was in November, after the little guy shot his mouth off, but before he actually stole anyone's property. So you see, these two thing, coupled with a downtrend and the recent memory of that nasty spike to 220 the other day, leads me to question the valuation at these levels. If you must, use only pure genuine risk capital, money you wouldn't mind see disappear, literally, into thin air.

Peace love and happiness,

Chris

Hello All,

I've been wanting to share some thoughts regarding crystallex, having successfully traded, not invested, primarily using the little big-mouthed one as a catalyst. I actually wish a lot more stocks were dependent on hysterical dictators, I would find myself with many more imbalances with which to make hay, as it were.
I've been wanting to share with you guys, and to learn from Bill and from you all. This is definitely one of the coolest forums for this stuff out there. About the stock, as a chartis as I'm sure yu all are too, I was really tempted to write, back on the 12th, that KRY was headed south, although the depth of that plunge frankly surprised me, the fact that if fell did not.
I'm not here to predict another death-dive, although that is certainly not out of the question. I am here to say that there are several factors impacting the value of this franchise that were not in evidence when KRY was trading at similar levels as recently as this past November.

Number one, Chavez is hopefully a benevolent dictator who, maybe will improve the lives of the average Venezuelan. By the way, my own sister, back in the mid 90's, was Jetting to Caracas with teams of bag men and con artists, er, I mean, Wall Street big shots to set up the telecom deal that Chavez just took. Anyway, the cat's really out of the bag now. what does that mean? It means that when and if the mine is "approved", that no one is going to step and and fork over 12 smackers per share, or whatever the value is supposed to be. No one now believes, in their heart of hearts, that the little guy will let this thing see the light of day, unmolested, as it were. What's the new risk? and extra 30 percent? That's an $8.40 stock. Also, this baby is still trading where is was in November, after the little guy shot his mouth off, but before he actually stole anyone's property. So you see, these two thing, coupled with a downtrend and the recent memory of that nasty spike to 220 the other day, leads me to question the valuation at these levels. If you must, use only pure genuine risk capital, money you wouldn't mind see disappear, literally, into thin air.

Peace love and happiness,

Chris

Chris - KRY's fate could simply be drawn out. KRY is not at the top of Hugo's agenda. It could take longer than anyone can endure for the approval to come. KRY may have to build out and operate for a while before getting permission for a change of control. If all goes OK, maybe a major will do another private financing or two, test the waters, and bid $12, but a ways down the road. SO, there could be downward spikes in the stock, or a long slow drift down to $1.20 or so ...

Jock, Chris, others,

So much of the negative on KRY seems to be centered on Chavez and there seems to be little discussion regarding economic risk as far as a proven ore body coming to production and sale at sufficient profit to warrant our expected share prices as an operating entity. I wonder how many are looking at a post-Chavez scenario? Tin pot dictators come and go in the Americas and the scenario might be much brighter with the next one who is likely laying his groundwork for a takeover by shmoozing foreign financiers and investors as I write. I'm certain that post-Castro economic developments are being put together today, for example, so if one believes in this mine one should be pepared to be patient in VZ, or move on to that which better serves one's appetite and time frame for speculative investment.

Jock,

Philosophically, I think that people need critical resources at certain junctures of their lives to maximize their potential, resources which they may not themselves have, but which they may have a right to, morally, if not legally. I think government should Invest in its citizens and that they are a countries greatest natural resource. I am a great believer that Capitalism can, should and will become, ultimately, (though I may not live to see it), more fully supportive of the creatures of this planet, and that through market mechanisms, the wealth of nations can be plundered on behalf not of a few, but of all, more or less. So of course I am interested to see how things turn out. And yes, the rascally rabbit is visiting me now. By the way, does anyone know what the ratio of all proven and probable reserves worldwide are to the amount of gold above ground?

Chris

Number2son,

Existing Home Sales numbers come out to the Little People at 10am Thursday. Would I be sounding too cynical to suggest that HB&B already know the number and are using this priviledged information to affect Wednesday late day transactions in Builders to their benefit?

additional thanks to those you further responded to my query re: rsi and accumulation etc. on tuesday. bill's loyal readers are as generous
as he. night now.