longlake95

No bubble yet, i think... we still haven't seen the euphoria days, where people are quitting their jobs to start day trading. My classic indicator of a bubble is friends talking stocks and flight attendants giving me stock tips...were not there yet. I'll post here when it happens. https://www.google.ca/imgres?imgurl=http%3A%2F%2Fwww.thegoldandoilguy.com%2Farticles%2Fwp-content%2Fuploads%2F2012%2F11%2FStages-for-AAPL.png&imgrefurl=http%3A%2F%2Fwww.mining.com%2Fthe-golden-nugget-that-makes-traders-wealthy-trading-aapl-rimm-and-gold-stocks-89503%2F&docid=ubaeImOOBOxB9M&tbnid=J8SsQwogheoFTM%3A&w=600&h=395&client=safari&bih=672&biw=1024&ved=0ahUKEwjgvs2okfjNAhWG44MKHV4ZD1kQMwgbKAAwAA&iact=mrc&uact=8

Transalta Prefs Series G (TA-PJ.TO)

+1

Not totally sure, but I think I remember reading a piece about Zacks. It mentioned zacks article are computer generated. I totally ignore them. LL

appoint Sal Kahn to run department of education. done.

Well, I guess two of us own VALE! LOL. Talk about out of favour!

Health, family, friends, DQ and COBF ;)

PWT @ $6

I'm still full weight in PWT. Holding.....

Some news on PWT Another thing for the new team to deal with... http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/penn-west-board-faces-allegations-of-stock-option-manipulation/article18978771/ http://online.barrons.com/news/articles/SB50001424053111904651304579602611121996496?mod=yahoobarrons&ru=yahoo LL D: very long

GM LL

re: PWE/PWT Leaps I've already got a good size position in PWT. I'm not too up to speed on leaps. Are you referring to the Jan 2016's ($7)? So, are they almost in-the-money (7+2.40ish = 9.40 vs. stock price of 9ish USD)? PWE is still cheap, the LEAPs seem to be a no-brainer way to add more torque to a position in the common? So the only downside is a stock price below 9.40ish in Jan 2016?

the cabin can depressurize in seconds, if it's a rapid D, such as a outflow valve failure. Or over a period of minutes if u have a slow leak in the hull or an air conditioning problem. When you start a emergency descent due to loss of the cabin press., you normally catch the cabin (where cabin alt meets aircraft alt) around 20,000ft. If you are all wondering, the oxygen generators in cabin normally supply around 20 mins of oxy. Of course that may vary a little depending on aircraft type. The flight deck normally has around 1200 psi of O2, which would give 2 users 45 mins or so. You cant open cabin dorrs in flight, they are plug type doors. As for transponder: it has several modes which are used for various situations. You want to be able to turn it off, especially on the ground because it clutters the ground controllers scope, if they are using ASDE - airport surface detection equipment. You also want to be able to turn it off and reset it, like any electronic device, it sometimes need a ctrl-alt-del.

I look at it a little different - but the same round about idea. I avoid wasteful/dumb financial decisions that I see low NW compounders make. For example, how many friends do you have that would spend 1 week researching a new washer and dryer or TV to save $100. I figure i'm much further ahead to focus on investing, where reading a handful of 10-K's over that week could make (or lose >:() me thousands not hundreds of $$$. I bought my last car, a Nissan Altima, in literally 5 mins of visiting the car lot. Even if the dealer "soaked" me for an extra $500, cuz I didn't haggle, I'm still waayy ahead by finding 2 or 3 good investment ideas per year. Our low NW compounder friends, who aren't interested in investing, should spend time on making money in their chosen profession ( or learning to make good financial decisions) , in stead of researching the new TV for a week. Just my two bits....

I guess I'm not shocked as to how low the median net worth numb's are, with so much conspicuous consumption. My NW is way, way, above the median, and compounding at 15.4% p.a. since 1997. I find it funny when people tell me, i'm good with money. I just spend less the I earn and invest the rest and don't try to keep up with the Jones', who are always one month from insolvency, but drive nice cars. ;)

+1 on the furniture. LOL :D , but I still don't like the caviar in a tooth paste tube. ;) http://www.google.com/aclk?sa=l&ai=C7Sw0nzofU4fBCciHyQHNrYHwBOLLpcQD2q_lgYABppiQ2wEIABABIJmo2R4oAlCRjeD5-P____8BYH2gAbXriv8DyAEBqgQhT9DsDClBnB5FF_TBYoX0AvpxMEnvhX53XcVa8JyJ-19_gAWQToAHs5R1kAcC&sig=AOD64_1EFge0TwhZ1wnj3DqE7e4wYp-xOg&rct=j&frm=1&q=kalles+kaviar&ved=0CCoQ0Qw&adurl=http://www.swedensbest.com/abhertid.html Orebro is one of the nicest quaint cities in Europe. Great place to rent a bike and drive around, and have a brew at the Orebro castle. Ya, the girls are hot! LL

Nice to see China Investment Corp raise their stake to just under 10% Also, that Fairfax started a small position in PWT. We've got good company, while we wait. LOL. LL

Ive been in YPF for a year, its been a wild ride, but it's dirt cheap on a NAV basis. LL

Bought more YPF yesterday @ 21 7/8. LL

I also added to PWT today and yesterday at an average price of 8.20. LL

Airline Biz - great industry to work in, lousy to invest in, for anything other than a trade. LL

I own pwt.to LL

Hi Norm, Have a look at www.grievingchildren.com. They are doing very good work. PM me if you want any detailed info. Thanks, Longlake

definitely our kinda guy! God Bless him. Nice to see him do such nice work with his money. LL

Probably, as the cheap oil gone. Unconventional oil is simply more $$$ to explore and develop. Go forward ( next several decades) the efficient companies are going to rise to the top, as opposed to anybody with a drill bit, making money in oil. Bigger will likely be better. LL