Well, cm, you are right.
I think he would have been better off to be long during this. I know, in retrospect, I wish I had made a huge leveraged bet on some of the internets a few years ago. However, the true skill is being able to match your investment style to the market you are in, and change it as the market changes. Most of those doing so well buying internet stocks on margin now, will probably flame out when the market changes. They always do.
But, my comment was not on his ability to judge the market, but to short sell. Now if we look at your comment:
<<"You can teach a bear to ride a bicycle, eat enchiladas and rhythmically blink in tempo with The Star-Spangled Banner at the same time. But, the question is, why would you want to?">
Sure, who would want to. But, if somebody could do that, wouldn't you listen to his advice in training animals. Hence, why not listen to his advice when he says this company's stock is a bad bet, since he (or his analysts) have shown competence in making just such predictions.
C'mon, you got to admit that is a sound argument. |
