>> I'm a little insulted that I'm not on your list as an options expert, Frank.
You were, but I couldn't admit that last night <lol>.
Based on our posts here, people that don't know our history probably think we're deadly enemies. They don't understand that we've not only fought with each other but for each other over the years, and remained friends through it all.
To answer your question, I don't think it's appropriate for anyone to tell people to buy or sell, no matter how well intentioned they are. Those who follow such advise are at great risk, because there are always unstated conditions. As an example, a few years ago my good friend, Tom, urged me to buy rnwk along with him for an earnings play on what he knew would be an excellent report. I researched it, and it made good sense, so I took a small position. Sure enough, rnwk jumped 15% during the week before earnings, and another 5% the morning after the report, but then it tanked, and by the time I sold it, I had lost over 15% of my stake. I checked with Tom, and he had sold at the open, and made about 17% on the play. We both laughed about it, and I told him that while I admired his skills, I would never ride the range with him again because I simply didn't have the reflexes to play his game. Most don't.
Sorry if I played too rough last night, milady. I'm afraid Mr. Market had me in a combative mood. I'll let this post be my swan song on The Critical Investing Workshop, and leave you folks to your business.
Regards and happy holidays,
uf |
