Ken, re: Basically I think we have to wait through the following [before IOMG resumes it's rise]
"2. Cabot subscribers who have lost confidence and/or are getting margin calls."
Well, if the Cabot subscribers (who, I read one person on SI remark, call Carlton Lutts "a god") can't follow the newsletter's advice, they shouldn't have spent their hard-earned money on it and should attend another "church". Mabye you can imply from this that Cabot is still strongly bullish on IOMG (it is). The newsletter preaches (to go along with the analogy) discipline in dips, just like the smart investors anywhere.
I think that we have seen a LOT of neophyte investors say, "Wow, you can make money here as fast as printing your own!", jump on the bandwagon, and take stocks (IOMG included) up too far too fast. Those people are leaving the market like rats from a sinking ship because they haven't become millionares THIS month, when they don't realize that someone is just hosing off the deck to clean up from the last party and prepare for the next. Smart investors like those who use other resources like these boards as primary or supplemental information know that now is the time to go back to your cabin, spruce yourself (your portfolio) up (buy more of the stuff you know is good), and get ready for tomorrow night's party.
Anyway, hope you can safely navigate through all the shifting scenes above. Happy investing.
A *rational* Cabot reader (who knew there could be such a thing?)
Cameron |
