Short covering magic would work, the bulls always have the power to sustain falls, like we did, we were buying falling knives as friends would call, we were being abused , one sucker told me 'Ike until you get pessimist we will never rally,
I bought more and now this is my reply to that sucker, you never will get what trading is all about, the read me in the bull market never thanked me for the money they made and when they were not able to understand the short side and lost money they forgot that I trade from a fundamental perspective not a voodoo TA I don't make fluke comments like 'I don't know it can be up or down but what the heck I know!!'
I comment on what economy will be like and for that I have the ability to take the pain and everyone who should come here should take the pain and gain in a stride, this is just one day tomorrow is another..
They started abusing me, now most of them are short, they never picked anything on the bottom only abused Ike, market is not about majority being short, now let them get thier act and bring the stock they have shorted.. was March incomes would not have to be disasterous, where the hell these guys were getting their numbers from, this is just a move that we predicted solidly and steadfastly and we take the credit without problems and without humility, it was success of long termism over short termism, markets are never ever about short termism.. now start preparing to dynamic hedge your porfolio at the most opportune time, up 11% from 2000 Jan..I would consider comaprison to 2001 as unprofessional.. This huge move down has not only helped recovered losses with Comp down still 48% but all around much lower averages and a great looking portfolio..covered call premiums can provide yuo some sfaety valve and some puts will provide additional safety as market become volatile soon..1328-1228 range will be tested several times..in my opinion.. |
