Sharp - don't be a clown: NAZ -100, SOX down 10%, AMZN 10%, TERN -30%...
The TECH MELTDOWN CONTINUES !
... they can run to the Bio-Tech's but they can not hide...Bio-Tech's one of the GREAT shorts of this market here - a gift, a chip shot freebie coming here !
Sharp; do you have a life ?
The more right I am, the more you nutballs lie about my record ?
Sharp; I am sure everyone realizes I pounded the table into the usual criticisms of what a fool I was buying into a blow off bottom etc on GLBL, trying to catch a falling knife etc; but I margin leveraged GLBL for a significant portfolio bet for a 20% pop resulting in a 40% net trade profit. I sold all my margin & some of my core position the day GLBL popped 15%. That was my "EXIT" price, not my "entrance" price that you're using... what possesses you to lie ? The posts are clearly on the record...
Are you really that jealous ? Or; is it just my cheerleading for & call of the Tech implosion ?
Is making some perceived "name" here for yourself so important to you here, that you think lying & misrepresenting what I said is going to add anything to your self-perceived status here ?
Hell; I don't even understand, nor ever viewed this as any type of contest ? There is no stature here; as I don't see anyone selling a newsletter, or anything else here ? Hell, 95% of us use screen names ? We're anonmyous; it's not like there's any "real" personal gain to any of this ?
But, gee - why does everyone continually challenge "me" ? Hmmmm m I wonder ?
I guess the more right I am; the more "food" the jealous chihuahua crowd needs to throw; to stop my message; not that my message is causing your tech stocks to implode - surely; you can't be that niave; but then again I guess you are - as my "agenda" is continually referenced . What a hoot... Sorry, but "gravity & reality" is doing that; not me....
Yes; Sharpie; I am a bit under water on ATW; but so what ? - tell me anyone who isn't here in the Oilpatch here of late ? I'm only about 40% oils here - so hardly any worries... basis of about $38/$39 on ATW here; it still has the highest eps , cfps & free cash flow of ANY driller here; was $69 at OSX 120; now $37 at OSX 120? - and you think "that's" a negative ? - get a clue... I hope it goes to $30 and I'll average in to a $34 basis...
PGO ? - I don't think I could have been clearer. I've continually traded PGO in it's near predictable rolling wave of $15 to $20 - accumulating at $15/$16 & taking profits - trimming into $19/$20. Allways keep some shares in the basket - but, PGO is one of my smaller holdings; nearly inconsequential - just a nice later cycle basket play with that cash generation potential as long as it continues to trade that wave...
At this stage of the Oil Cycle; I'd rather limit myself to 4-6 Oilpatch stocks; saving cash & leverage for the next inevitable GLBL type of trading opportunity. - GLBL will be another leverageable trade in the $10's again if seen.. I mainly like the drillers here; MRL ATW DO on this weakness; holding only OXY in E&P's of any consequential size; bits of TLM, a little NEM that up from the $17/$18's of late, a little BR from $36ish... like euro-laggard LSO in the lower $5's here; not adding anything else; but would on $18-$19 OXY if seen... MRL the only thing I'm looking to add in measureable size on OSX weakness here this week - give me a huge buy in at $22-$24 if seen. otherwise - I'm short the NAZ & adding Golds on slow, steady average ins... nothing complex...adding a few more Tech Shorts as the corners to hide, get fewer & fewer; waiting for any upside move in the Bio-Not index here actually - this is the single best NAZ inflection point in which to short; as instead of a "DCB" - we're about to fall thru the trap door - quickly, very quickly....
Don't know what the "Fatal Attraction" with me is; I guess once again; I should not have exited the oilpatch this summer; gone to so much cash; shorted the tech bubble & been in a position to once again; slowly & patiently average into weakness & get poised to leverage out of another bottom formation...
Sharpie; you Ed, Princess Di - Get a life; jealously is not flattering & I know it's unpatriotic to actually cheer a market meltdown & that just irks the hell out of you guys; but guess what - only a compelete & total moron would be long tech, other than for a quick 2-3 day trade with tight stops here - ONLY a moron.
Greedy gamblers are going to get wiped out here and guess what; they deserve to ; as tech valuation into the face of blatant economic reality & near Con-Man hype & spin from Wall Street is nothing more than the food -chain playing itself out... anyone still in "TECH" - deserves to lose all their money and they are about to do so - period.
The market is imploding - ALL the signals are there; only brief spurts of manipulation & Institutional triage are slowing its complete collapse & I mean - COMPLETE COLLAPSE in the NAZ.
Sharpie; be nice & maybe, just maybe; I'll send you an autographed jock & maybe, just maybe; on one of your "good days" you'll be able to carry it a few paces, maybe someday (LOL)...
.... NAZ going up in flames ; burn, baby burn ~ |
