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Questions asked and answered by RON2024

Posts by RON2024

Q: Same goes for Altucher:

View Portfolio For Member: James Altucher

James Altucher's Portfolios

Last logged in by James Altucher : August 26, 2008 05:20 PM

Come on guys - atleast sign in and say something
Asked by ron2024 - 5 days ago - 2 answers - 29 views
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A: Forget them. This guy created the site. I understand that he works @ TSCM & does other
things, but atleast chime in once in a while. When they do chime in the site gets viral.
So I understand why they stay away & thus moving on.

Cramer has alot on his plate to & understand why he doesn't come on this site. As soon as
he chimes in, its like a pinata fest. So for this reason I move on. I still watch every
show & A Cramerican. more
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Q: Jim hasn't signed in since JULY!! so much for caring about us anymore on this
site

View Portfolio For Member: Jim Cramer

Jim Cramer's Portfolios

Last logged in by Jim Cramer : July 15, 2008 6:51 PM
Asked by ron2024 - 5 days ago - 2 answers - 24 views
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A: Forget them. This guy created the site. I understand that he works @ TSCM & does other
things, but atleast chime in once in a while. When they do chime in the site gets viral.
So I understand why they stay away & thus moving on.

Cramer has alot on his plate to & understand why he doesn't come on this site. As soon as
he chimes in, its like a pinata fest. So for this reason I move on. I still watch every
show & A Cramerican. It would be nice to hear from you guys.

We are the forgotten! more
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Q: New Question: Don't know if any of you saw this yet, but it tells you who in the
senate voted for the bailout plan:

http://www.msnbc.msn.com/id/26987291
Asked by ron2024 - 5 days ago - 0 answers - 19 views
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Q: Sorry if this was posted already

Bank of America is goin to buy MER

http://online.wsj.com/article/SB122142278543033525.html?mod=special_coverage

What a huge mess this is
Asked by ron2024 - 23 days ago - 2 answers - 26 views
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A: The hedge funds are gonna get squeezed big time when MER opens at $29. I should say anyone
with puts on MER. more
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Q: New Question: WSJ reporting treasury will help FNM and FRE

US Treasury Works Behind Scenes To Help Freddie, Fannie

NEW YORK -- The U.S. Treasury, while remaining tightlipped around details on its
plans for Freddie Mac (FRE) and Fannie Mae (FNM), is
quietly working behind the scenes to lend a helping hand to the struggling
mortgage finance giants.

In recent weeks, Treasury officials have been reaching out to overseas buyers --
including foreign central banks -- of so-called agency
securities, or debt sold by the two companies, to reassure them of the
creditworthiness of these borrowings.

In one such conversation, at the end of August, the Treasury sought to reassure
the Bank of Mexico, according to a person familiar with the matter, of the
soundness of agency securities held by the bank. The discussion with the
Treasury took place as Mexico's central bank, an investor in agency debt, met
with Freddie officials to address concerns it had about these investments.

Treasury officials have also had similar conversations with Japanese investors
who are buyers and holders of agency debt.

The moves are an effort to quell concerns of investors amid uncertainty around
the fate of Freddie and Fannie. They are also aimed at bolstering demand for
this type of financing by the two companies that is critical to their business.
Many analysts and investors say that a government bailout is inevitable if
Freddie and Fannie, which were chartered by the Congress to fuel home ownership,
are unable to
tap the debt market for funding.

The backdoor workings of the Treasury offer a window into how critical Freddie's
and Fannie's access to the debt market is to their
functioning. The two government-sponsored enterprises use the funds to finance
their purchases of home loans from mortgage lenders.

"We are making progress on our work" with the companies' regulator and
government officials, said Treasury spokeswoman Jennifer Zuccarelli.

For the Treasury, the ability of the pair to keep turning over their debt is
paramount. Last month, Congress gave the Treasury Department the authority to
lend money to the firms or take an equity stake.

While Treasury officials have reiterated that they have no imminent plans to
intervene, a deterioration in the housing sector could force their hand if
either company can no longer fund itself.

It is widely expected that such an intervention will likely render worthless the
holdings of existing shareholders. The government is expected to protect holders
of the companies' senior debt and the mortgage-backed securities they guarantee
to avoid a meltdown in financial markets.

A 'Void' If Foreign Buyers Left

Continued access to funding is necessary "to generate the revenue to absorb the
credit losses," said Jim Vogel, an analyst at FTN
Financial.

Freddie and Fannie are a dominant source of funding for home loans, owning or
guaranteeing about $5.2 trillion of mortgages. They have
suffered combined losses of about $14 billion over the past four quarters as
they make provisions for the worst wave of defaults in
decades.

As of Aug. 21, the two companies together needed to refinance more than $225
billion, nearly 87% of which is short-term discount notes, by the end of
September, according to a Wall Street Journal report.In the weeks since, this
figure has reduced as both companies have
successfully refinanced debt on numerous occasions.

Both companies sell discount notes weekly to investors, many of whom reinvest
money from maturing debt. Risk premiums on this debt have
been rising moderately, but buyers continue to snap up securities that
theoretically carry little credit risk.

Freddie and Fannie spokesmen weren't available to comment. A spokesman for the
Bank of Mexico declined to comment. Bank of Mexico Gov.
Guillermo Ortiz, in a chapter contributed to the 2007 book, "Sovereign Wealth
Management," said the central bank had taken a number of
measures to lower the cost of holding foreign reserves, including placing a
"relatively small amount" into mortgage securities.

"Foreign investors have become significantly more important (and) are
significant buyers and holders" of Freddie and Fannie securities, said Richard
Hofmann, an analyst at independent research firm CreditSights.
"How they respond is very important. If they were to stop buying, it would leave
a void."

Investors, particularly in Asia, have shown a healthy appetite for agency
securities. According to a breakdown of about $484 billion of so-called
reference notes sold by Freddie in the last 10 years, about one- quarter of
there were bought by Asian investors, according to a Sept. 3 CreditSights
report. Slicing the data a different way, central
banks were the second-largest buyers of these securities behind investment
managers. Since 2006 through this year so far, central
banks have increased their investments, buying more than one-third of this type
of debt.

Asian investors, who had scaled back their purchases over the summer, have come
back although they are treading carefully. They bought over one-third of
Freddie's $3 billion two-year notes sold Wednesday.

"Both Fannie and Freddie need to come to the debt markets on a regular basis,
and they need to be able to raise senior debt at attractive
rates," said Kathleen Shanley, a senior analyst at research firm Gimme Credit.
They are the "two main pillars supporting the housing market right now."

Who didn't see this coming?
Asked by ron2024 - 1 months ago - 0 answers - 83 views
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Q: I found this interesting Web site as well to track Hurricane Ike: (some of the
models may take a couple minutes to load)

http://www.wunderground.com/tropical/tracking/at200809.html#a_topad
Asked by ron2024 - 1 months ago - 1 answers - 51 views
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A: i have been using stormpulse.com more
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Q: Blitz and all the holders of CHK, as you may know CHK was at the Lehman energy
conference yesterday and Aubrey spoke and I picked this up from another board,
so I thought I share it with everyone, sorry for the long post

LEH 09/02/2008 Analysts’ Presentation
Aubrey’s comments were as follows:
.
•Hedging:
•2008: 100% hedged for the remainder of the year

•2009: ~75% hedged @ $9.75; ~25% hedged with calls with $.90 premium

•2010: ~45% hedged @ $9.50; ~35% hedged with calls with $.90 premium

•Haynesville and Fayetteville JVs will provide $2.5 billion of capex drilling
and completion carry to CHK over the next several years

•Marcellus JV partner will likely be a non-US based company that will use the
venture to learn how to exploit shale formations and then take that know how to
international regions

•CHK has the largest leasehold position in the Haynesville (even larger than
DVN's stated position) now at 500,000 net acres and continuing to grow

•6.5 (if not higher) bcfe per well is a solid EUR for the Haynesville

•Expected 2009 JVs:
• West Texas
• Deep Bossier

•Currently utilizing 3,500 land men acquiring $2 million/day of new leasehold
(~$500 million per year)

•Fayetteville JV: the $800 million drilling/completion carry that BP will pay
on future wells will save CHK $350 million of taxes that would have been due if
the amount had been received up front in cash making the total value to CHK
$2.25 billion ($1.1 billion received up front + $800 million future
drilling/completion carry + $350 million tax savings)

•Effective 01/01/2010, the SEC will modify its definition of proved reserves
to allow for UNconventional resources; CHK will be a major beneficiary of this
change

•Haynesville is currently estimated to have 800 tcfe of “in place
reserves” which is expected to be 30% to 35% recoverable

•CHK continues to complete 10+ mmcfe/day wells Haynesville wells

•Appalachia:
•Just completed a Trenton Black River formation horizontal well that IP at 10
mmcfe

•Now has 1.8 million Marcellus leasehold acres

•CHK is seeing that its peak production for the area will not be for 20 years

•Due to the various JV and VPP transactions, CHK’s “DD&A” (depreciation,
depletion and amortization) expenses will be declining through 2010 while the
industry’s rates will be rising, improving CHK’s profitability into the
future especially when compared to its peers

•CHK has raised ~$6.25 billion through JVs, VPP and other sales transactions
this year and expects another $2+ billion before year-end from the Marcellus JV,
additional VPP, etc.

•Confirmed once again CHK did not want to be in the market in the future
issuing additional “securities” (i.e., equity or debt)

•CHK’s first Analysts’ Meeting will be held on October 15th and 16th

•CHK will address the current NG supply level over the next 30 days (beyond
the current hurricane activity) to determine what actions it might take as an
industry leader to improve the situation
Asked by ron2024 - 1 months ago - 6 answers - 69 views
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A: Ron2024 , Thank you again for all this excellent info. ,we all greatly appreciate
all of your research and input. Keep up all the fantastic work ! more
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Q: JEwald,

I don't know if you saw this: here is the link of the Ospraie commodity fund
going under - it's a letter to the investors

http://msnbcmedia.msn.com/i/CNBC/Sections/News_And_Analysis/_News/__EDIT%20Engle
wood%20Cliffs/OspraieInvestorLetter.pdf
Asked by ron2024 - 1 months ago - 1 answers - 59 views
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A: http://msnbcmedia.msn.com/i/CNBC/Sections/News_And_Analysis/_News/__EDIT Englewood
Cliffs/OspraieInvestorLetter.pdf more
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Q: Blitz373,

I know you ask a lot about CHK. Here are some things that I pulled up for you or
anyone else that wants to look.

http://stockcharts.com/charts/gallery.html?chk

http://www.reuters.com/article/mergersNews/idUSN0242701520080902

I hope you saw T Boone today on CNBC talking about Nat Gas

Also, CHK CEO Aubrey McClendon has been on CNBC doing commercials supporting T
Boone's plan and pushing CNG.

Oil and Nat Gas have dug themselves a very large oil to climb out of, the charts
are ugly and both oil and nat gas have blown through support points and now will
become resistance points.

T Boone says he doesn't think oil will be under 100, but then again he did call
150 oil by the end of the year, so even he doesn't know where oil will go and
that's my 2 cents on all of that.
Asked by ron2024 - 1 months ago - 1 answers - 13 views
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A: Thanks for the excellent info. Ron, greatly appreciated, and fantastic reading !! more
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Q: Well all I can say is WOW

market loses everything - literally - we were up 250 now were down 40

oil down 6-9 points all day

anything commodities related is getting murdered and I mean killed everything
from X to POT to FCX to BTU

but what's up - FRE, F, any airlines and some homebuilders

I've seen GOOG from being up 11-12 now down, I've seen MA be up 6 now down 5

I mean this is out of control
Asked by ron2024 - 1 months ago - 1 answers - 15 views
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A: market has no leaders, healthcare is looking lower too more
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