Hi mindmeld, I think your bets may not pan out as you are now explicitly assuming that investors in the aggregate are stupid, and if so, they can easily, and stupidly sell down CSCO and all your other favorites, sit on their dumb thumbs for quarters or years, until you wished you had not acted on the assumption that the world is stupid and for you to take advantage of.
Your faith in your own ability is strong. I hope your bet is of a cautiously large size in percentage allocation, as opposed to "bet the shop" proportions. What is your target price and time horizon?
I am, in contrast, uncertain, conviction-less, timid, slow moving, stubbornly afraid. My bet in CSCO is now limited to a residual position entitling me to the annual report mailed to my residence, and my bet is that I may be able to buy CSCO at $8, with $4 returned immediately via put/call write. If I am half right ...
Chugs, Jay |
