Because two years ago he was riding ahead of the wave and was very pleased with himself. He then pumped stock for as long as it took to get out of them all.  Then he began the speels on how all the big money (10 - 20 baggers) were over with. Next he briefly pumped uranium. When it became undeniably clear that there was going to be a credit crunch, he appeared to be gleeful (large cash position). And WHY! The word was that the cash squeeze would last for 18-24 months. Lots of time to help with denying Juniors slow in cashing up ONE YEAR AGO from getting sufficient cash to carry themselves through the pending lean times. The general idea being: Snap up the best distressed juniors when they are absolutely at their weakest and with a lot of money spent comming up with the best new prospects. Make firesales look expensive. Then be glourious for saving them  (expexted to occur in ~6-9 months from now) and being one of the big wags as things pick up again. Perhapse one of the biggest things this bunch did not count on was such sharp actions as quickly by the US Fed (knowing Bernackie's Bio) etc.. Things got ahead of them selves for this bunch (in no small part due to NOT ) and now thay are on the short end of a stick of their own making.

Want more!

Old Joe