Lee. I have no idea that you are one of the shorts on MU. However I see that yesterday move was quite disturbing and the PPI number really did not help either where you had high hopes of 'rising inflation'. Numbers may come and go but what is important is direction of the market that one needs to establish.
In my frame of mind since last five years this is a bull's market and I am a bull, I don't short rather I buy puts and I don't get upset when positions I place do not work out. I don't make horrible claims that 'world is ending' and I try to keep a balanced view when it comes to market, people who visit my thread and not 'many do my number of posts' will indicate that, (very few posts on this thread) they try to see what this maverick is doing.
I also keep myself to my thread so as not offend and disturb people who do not have similar views. I look every day at funny posts and great accolodes of different incomprehensible levels of buy and sells, the streak of great crash and other outrageous claims, I could very well highlight all those but I think I take great honor in providing those who care to read a view that 'don't panic and continue with your core holdings' and trade the market 'with the trend'.
In last week or so I have traded SPU 440 put contracts and that is quite a bearish thing to do, on all these trades if I give 30 different levels I had only two trades which went wrong, but even yesterday I salvaged something out of the last one as I sold 1310 and covered them at 1328, expecting that 1300 will come in play again. In SPU's where some points matter 30 points don't give you play time.
Now look at my posts of yesterday I think you are being very unkind to suggest that I give 30 levels if that is so I apologise and I would consider that to be gross injustice to my own strategy, I cannot hoodwink anyone as I would end up 'fooling' my own account. Eveything I write I trade that is what I do and that is one reason I have got this ability to write every day.
Idea is my own market strategy. I assure you that I am not a very liked guy and lot of PM's will start arriving tellng you what a great message you have written, but I think you have been totally unfair to me and very fair to the bears who give this mantra of big fall or huge inflation, that is music to your ears and you have been a greatest proponents under this name 'L3_aka_L3' of inflation hitting the market and you are also very apprehensive on new paradigm like all economist are. From last week projections to this week I would think that SI needs a corner like mine where I challenge the self imposed bear hawkish interest rate mentality.
MU is one stock that have been shorted for last 3 years by some, last 18 months you have been on the other side of inflation dialogue and expect that inflation is around the corner. Like your comment on industrial society on which US GDP is dependent 50% I think i wanted to pick thato ne on 50% assumption as I disagree but since I know the bent of mind and your gg responses I kept out of that.
I am person who strongly believe in non inflationary growth, every day I write my levels, and I trade them. On semis where they use to call it 'out of fashion' industry, SI gurus have got it all wrong now instead of getting upset on IKe please look at it that semis have been the most rewarding sector since Oct 98.
I think I make calls and tradeable levels and I trade on every call I make. I have this small corner here I make my own clain under one name, no aka's or alises, for me I have a constant message that stays from Metz to Biogen to Amgn, or INTC. I play corrections within a bull trend with my bullish out look intact. I have levels where I wil short the market and will go long above some. Like getting out of mSFT and IBM or buying 1250 puts at top of the market just before that marekt spooked or identifying points where levels are possibly going to hit.
I always highlight that bears within this bull trend have got it all wrong, I don't have a cystal ball but on every day level my levels do get struck, I play inter relation may be you think I give too many levels but if that is so you can overlook it afterall I keep my presence only to this thread, I make my tall clains in my own house I don't go and make fun of 'Ike' on other threads neither do I keep calling 90 out of 100 times short on the market. The kind of non-sensical messages many patronise only result in losses, you have made prophets out of plain comedians. I know those comdians and will certainly not shut up, I keep the conscience of bulls alive and carry that standard with greatest pride.
I see that you find my claims to be annoying but like 480 on DOT, I try to be realistic in my view and my entry points and exit points are very astonishing. I called for BKX early in the rally yesterday one example that moved up 30 points, now you have been promoting two different kind of posts one where you have been expecting a big break on the market on the downside and sometime on 'Idea thread' you would just put a ggg and try to go along with my macro economic view. That has always been an 'enigma' but still I think that view points can even change as threads change in 'company of bears' you may have more forceful view and in my company you may have slightly 'dovish' view.
My entry points and exit poitns;; like go long at this point get out at this the market reverses at this are a rarity. Lets see instead of getting upset who else does it on SI. I take credit and I do it with great pride in my own house. I think if I am posting 30 targets on SPU I am a very poor trader and it is not right for you to read me. I apologise but I don't think I do that.
Last but not least I was telling Parkash (Kona) last night at my home dinner that my trading volume has considerably reduced for simple reason that I am making so good calls that I am afraid of my own calls from 50 I have dropped to 30, only because we are rarely wrong, I wrok on open disclosure basis and my claims will continue until my ability to make good calls stop. Just tell me who else dows it on SI? lets get back to bussiness of market and leave me alone in this corner, I assure you that if my 'horrible 30 level claims' will kill my thread one day. You have great company of bears and enjoy it to the hilt, but please don't expect that I will change my pattern or my style. After experiences with Xia, Proton aka Peter portalas, David Plonck bear king bull ridah, the big phart and 17 others I have leanrt to survive and assure you I will and continue making those huge claims.. |
