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I knew you guys never really had to worry about Irene. You see, “Irene” was my grandmother’s name, and she was a sweet and loving, and– most important– gentle soul. Many members of my family are still inhabiting the areas of the Atlantic Coast where Irene was scheduled to visit, and I knew they enjoyed her protection. By irenic transitive properties, you too were therefore to be spared.
Of course, we in Deep Flyover Country had nothing at all to be concerned about, save perhaps what quotient of sunscreen and chlorine would obviate a mild sunburn on what was perhaps the finest weekend of the entire summer. Hardly a cloud in the sky — save for the occasional high cumulus drifter that might obscure a glaring sun for a blessed second — and the humidity at right around 15%.
What’s that you ask? Yes. Yes.. There was a slight breeze in the cooling air, but just enough to wick away the last of the late summer pool moisture.
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But enough about all that as I have an incredible story to tell. I had to come out tonight to the first reception of a regional conference to which I’d planned on attending for some time. The subject and details of the conference are unimportant but the cocktail party story is the crux…
As soon as I had arrived at my designated hotel, I was ushered into a hotel reception room, perhaps best described as a high ceilinged “mini-ballroom.” I met a colleague at the portable bar and immediately began scoping the room for clients of interest. I noticed off in one corner stood a tall broad-shouldered man dressed in khaki pants a nice open collar Egyptian cotton dress shirt and a smart blue blazer. He was solitary, and attending to his Blackberry notes. In my reckoning, the man was not only distinguished by his size but by his decision to wear a jacket to a conference whose invitation had born the quizzical prescription “Business Casual” for dress attire.
Like him, I still considered such instruction to mean “sports jacket necessary” for all gentlemen. Unfortunately, many rubes and charletons in attendance (including my own companion) did not agree. Bourbon rocks in hand, I nodded at the large gentleman as I proceeded out to the veranda to discuss politics and finance with a past mayoral candidate.
I did not see the large gentleman again until much later, at the bar that evening as I was concluding a long conversation with an aging property and casualty cowboy and his rambunctious and large breasted third (trophy) wife. I had excused myself to use the facilities, and upon my return, the very large man was sitting at my place at the hotel bar, chatting amiably with my erstwhile interlocutors. Not wanting to interrupt him, I took the chair to his right and began a separate animated conversation with a pair of the loveliest “Sappho’s Isle” residents I’d ever encountered. They wanted to talk horse racing and basketball. Go figure.
My insurance industry friend must have decided my new companions were of more interest than his trophy wife and the dapper mystery man so he decided to make his entree by shoehorning his party into my “menage a sports talk.” He started by introducing me to his large friend. I did not catch his name at first, allowing for my approaching near deafness and the blare of the MTV Music Awards (or whatever) over the saloon’s monitor. He reached out and with a big grin accepted my name and my hand, enveloping the latter in his big catcher’s mitt paw.
I leaned in to him and smiling apologetically, mentioned that I had not quite caught his name… His eyes glistened and I noticed that his teeth were capped from canine to canine. Their whiteness gave his grin a wolfish impression, and the voice that came again was deep and gravelly…
“Chuck,” he said. Again, the gravel like an old stone road… “My name is Chuck Bennet.”
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I swear to you the above story is absolutely true and happened less than two hours ago.
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Put some sugar on it. You want an easy-peasy trade you undeserving pikers? I mean besides “Go long silver and gold miners.” That’s a no-brainer at least in a measured sense.
No, I am talking about this crazy IPSU sugar shack stock which is no doubt driving some adherents crazy. Keep in mind this is a trade. If you hold this thing longer than the appointed hour, and do not adhere to a tight stop (below $7.00), you are no longer my children and I will disavow your very existence:
Remember — don’t get greedy! God bless.
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Great story, classic buy set up and sage advice.
hahahahahahaha
HE’s everywhere then.
I still miss Chuck’s intellectual posts on stocks, the markets but mostly gals . He was the best blogger here.
He’s current King of the Plebs, for what it’s worth.
But that story is absolutely true. I mean… how many people use the name “Chuck?”
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you stole my private stash.lol. and i will not sell ! any of it. my “sugar babies” never i tell you,never. it’s my “Mac Arthurs park”. with all the “sweet, awww never mind. hey jake, he could have said my name is “tom jones”….lol
ok sir, i’ll shall take your challenge and by this IPSU. I know little about sugar and less about buying issues that have recently plummeted 75%, so this should be interesting.
Just make sure you set your stop.
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Great story, That sounds like my uncle chuck who I am not named after. He is a big man of sorts.
Getting ready to go out to San Diego on the 31st.
I have stories and rumors of stories.
regards
chuck
Will you see Danny out there?
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Hilarious.
Danny who?
regards
chuck
Skateboard boy, our former blogger here.
I met him last time I was in SD.
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that whore-bitch (hurricane, not grand ma ma) knocked out 75% of this backward ass city’s power.
Sorry to hear… hope expectant mama is resting as comfortably as she can.
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Navigating the minefield of the 41 week pregnant Frau in Amish-like conditions is “dicey” at best.
What’s the gameplan with SKF, I have no position in it but it’s down almost $4 today.
You should set your stops accordingly. I am not even to 30% of my planned position yet.
I do not day trade.
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Thanks Jake, in @ 7.39 for 1k.
Jake,
What’s your thesis here.. Just beaten down bottom fishing or what?
Yes. mean reversion with the very slight possibility of a bailout via acquisition. Cheap as heck right now.
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Jake,
Is SIVR any better than SLV? Or is it better to just stick with the miners from here?
thanks
I like the miners because they need to catch up but I have SLV as part of my core holdings.
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thanks!
Go with PSLV instead. They actually hold the silver to back up the paper which will be worth more and more as the world wakes up to paper pyramid schemes.
jake i’m staying in it till it goes back to where it gapped from. i got lucky, that i got out at 25, from 20.jumped back in at it’s 52 wk low at double the position size.i’ll try an double the size again before it sees 8
it looks like the federal agency are looking for work and spending most of their time trying to fuck people’s business.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/05/21/MNVN1JH966.DTL
and do they ever love make a show of strength.
i still can’t get over the gibson story. in shock.
how about this. my gf’s brother in florida who had a cigar/chicago hot dog stand,ran it for 10 years.3 years later the irs came to him and demanded 180k.their reason,” told him that in his business,insurance companies pre-determine the nature of the business.and in that determination,insurance companies dictate said premiums based on the revenue of the nature of the business.how’s that for ya.so if i open a hot dog stand, and one is advertised on an edition from the food channel and making a million a year and the guy down the block is doing a 50k a year,i have to pay the same in taxes as the dog stand making a mill…….. thats screwed. i have sold more gibson guitars as a drummer working in a guitar shop at one time in my life, and watched our government just run rampant on anyone and anything.that i’m just not that surprised anymore. more like sad really
where’s the edit? agencies damn it. i can’t even blame that on second language…
Bring your A game!
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Nice call on IPSU Jakey.