Jeff, I tell you honestly, in my entire career of investing I have seen these up and downs, I have been cut to size many a times and have seen nicer days subsequently, these days are the best days for training, pain taking and pain threshold is an art we all should know to custain and cross. markets are just not about one way up, we are basically guys who trade techs like Buffet trade his core, we have seen nicer days and we are not very far from seeing nicer days if we have climed these markets down with little extra trading on the long put side.. I think that over period of time, the style that sustains is the style that has strength of holding with ability to see through the pain, it is always the war of weaker hands and stronger hands, the war goes on since inception of the flesh, from cain and Abel this will continue.
These are the times to feel positive, and instead of gloom and pessimism think twice harder to make better trades, we are in a boat that people say has a hole, we have not seen the water yet, but may be we all fear that we are in the upper deck, but ground relaity checks are the purpose of this thread, if reason and logic will prevail our logic has a good chance to survive otherwise panic selling can up root a lot of weaker hands but futures selling has one big disadvantage it has to be covered at some time, the core of many a portfolios is in tact the short interest is huge and it is mounting, the worry is not mine as I have my pain threshold defined at a level where I have no margin calls to worry about, the worry is for the bloke who runs thgis naked short nad knows that one big news can make him run for the covers, the nuisnace of the bear is gone now is the real paytime, it is withvthe rela money of the bears that they have play the next leg down, the paper profits will haunt them, the real game has begun the end game for either the bulls or the bears.. regards.. |
