• support@madhedgefundtrader.com
  • Member Login
Mad Hedge Fund Trader
  • Home
  • About
  • Store
  • Luncheons
  • Testimonials
  • Contact Us
  • Click to open the search input field Click to open the search input field Search
  • Menu Menu

May 4, 2011 - Phoenix Strategy Luncheon Review

Diary

Featured Trades: (PHOENIX STRATEGY LUNCHION REVIEW), (FCX)

 



1) Phoenix Strategy Luncheon Review. The hotel was not hard to find. Just turn right at the cow skull, left at the tall cactus, and head directly towards the abandoned mine. That took me to the luxury resort that was hosting my April 28 strategy luncheon in Phoenix, Arizona.

At this point I have been through my presentation so many times that I tossed it, handing out the hard copies to the readers. What ensued was a three hour Q&A, much to the edification of all. By the afternoon, there wasn't an asset class we hadn't covered in excruciating detail.

An engineer from one of my favorite companies on the planet, Freeport McMoRan (FCX), informed me that I had a huge fan club there. And yes, the long term outlook for copper is great.

Another in the real estate industry told me that hedge funds were snapping up second mortgages on homes with performing first mortgages, but negative equity, for 3% on the dollar. They then resold them to the homeowners for 6 cents, eager to clean up their credit rating. The credit unions who own those have already marked them down to zero and are happy to be rid of them. A 100% return on capital with minimal risk. Nice!

And then there was the ebullient, almost bubbling, young couple who related that my short gold trade in February paid for a second honeymoon in Florida. I hear these stories every day, but still love it. I touch lives in so many ways, they almost can't be counted.

The price for the greatest distance traveled went to a gentleman from Ohio. Spend your Zimbabwe dollars wisely. They were well earned.

I arose at 5:00 am for a two hour hike in the mountains to inspect the local geology, which I often do in strange cities. It was classic gold mining country, with quartz veins everywhere. But the only turquoise I found was in Chief Dodge's Jewelry Shop. A free afternoon found me on a tour of the home of the legendary prairie school architect, Frank Lloyd Wright, known as Taliesin West, where he spent the last 25 winters of his life.

On the way home, I lost another Swiss army knife to homeland security. I ended up in economy, sitting next to a big fat sweating slob who wolfed down a dreadfully odiferous pastrami sandwich and then fell asleep on my shoulder.

The Directions Couldn't Be More Clear

-

Hanging Out at Frank's House

Share this entry
  • Share on Facebook
  • Share on X
  • Share on WhatsApp
  • Share on Pinterest
  • Share on LinkedIn
  • Share by Mail
https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png 0 0 Mad Hedge Fund Trader https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png Mad Hedge Fund Trader2011-05-04 02:00:582011-05-04 02:00:58May 4, 2011 - Phoenix Strategy Luncheon Review

tastytrade, Inc. (“tastytrade”) has entered into a Marketing Agreement with Mad Hedge Fund Trader (“Marketing Agent”) whereby tastytrade pays compensation to Marketing Agent to recommend tastytrade’s brokerage services. The existence of this Marketing Agreement should not be deemed as an endorsement or recommendation of Marketing Agent by tastytrade and/or any of its affiliated companies. Neither tastytrade nor any of its affiliated companies is responsible for the privacy practices of Marketing Agent or this website. tastytrade does not warrant the accuracy or content of the products or services offered by Marketing Agent or this website. Marketing Agent is independent and is not an affiliate of tastytrade. 

Legal Disclaimer

There is a very high degree of risk involved in trading. Past results are not indicative of future returns. MadHedgeFundTrader.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. Affiliates of MadHedgeFundTrader.com may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.

Copyright © 2025. Mad Hedge Fund Trader. All Rights Reserved. support@madhedgefundtrader.com
  • Privacy Policy
  • Disclaimer
  • FAQ
Link to: May 4, 2011 - Breakfast With Fed Governor Bob McTeer Link to: May 4, 2011 - Breakfast With Fed Governor Bob McTeer May 4, 2011 - Breakfast With Fed Governor Bob McTeer Link to: May 5, 2011 - Macro Millionaire Hits New High Link to: May 5, 2011 - Macro Millionaire Hits New High May 5, 2011 - Macro Millionaire Hits New High
Scroll to top