Thanks Dave. LOL. Silly though. I've always admitted a hundred times I was long techs and had a bad year last year. Made $150,000 profit on paper and then lost it all by holding. Didn't even understand shorts back then, nor a lot of other things I comprehend now.
Shorts were all over BEBE and ANF (my worst losers) when I bought away. I capitulated on a pop then had to watch them triple later in the year. Right price, wrong timing. And timing can absolutely kill you. COMS and IBM. Never lost a dime. Bought COMS at 19 and rode it to 40. Bought back whenever that post was but sold it quick. LU I sold at 67 for a stellar gain but kept some in my IRA for a 90% loss. Great decision, huh?
But that was then and this is now. Different times. Totally different market. One of the quickest and fiercest bear markets ever. But now it's over. Over. Done. The damage is done and the tide has turned. We won't go straight up but we'll go up. So money can come back into the market and value can be rewarded finally.
Shorts like to attack me for last year's mistakes as if to totally discredit me. I know they need to because they have to somehow defend their own positions. Problem for them is I'm on the money now (knock on wood it continues). Fine.
By the way, could anyone tell me how you go back so far in posts? I can only get back a few weeks. I'd like it for research purposes. But I'd also give our dear friend Dave here a taste of his own medicine by finding a blooper of his. Fair enough Dave? Any confessions to make first Dave? Are you the perfect trader? Ever heard about throwing stones from glass houses? LOL I assume you're a short who's mad that I skewer your picks. And you've probably pissed away a lot of cash lately or you'd be out spending it. Don't worry, you're not alone. So maybe I only need to look back three weeks when you were calling for CSCO to $8 and the Naz to 800? No? Were you one of those guys I went after? Now fess up, Dave.
Anyway thanks to all those who've given me congrats and thanks here (esp al the private messages) but OI'mnot nor have ever been the issue. It's between long and short, bull and bear and opinion vs. opinion. I never expect anyone to always agree. But I do appreciate definite opinions, as opposed to wishy-washy ones.
Since I know shorts more or less dominate these threads of late and can get quite nasty in their bashing ways, I expect all this and even invite it. But it's not going to stop me from stating my opinion. And I never take it personally. I paid my $200. I get to post all I want so long as I don't spam. And the only threads which ban me are the closed-minded ones going short into a big rally.
Long and strong here for the next two weeks and buying on the dips. Tech value. Or any value. Believe in America, help the economy and keep us from being driven into recessions. Let's hope this amrket keeps recovering right along. For the sake of every grandmother out there who's long in her IRA and the dads and moms who hope they'll be able to afford their kids tuition.
I'll be watching you, Dave. Make sure you're real smart now. Still short techs are you? Watch out, mate. Money can slip out of your hands very quickly when you go in the wrong direction. Take it from who's learned the hard way.
And let my story be a lesson to everyone else. Nomatter how badly you get hurt you can make it back and learn from your lessons if you haev courage and convictions. This whole game is one big learning experience and sometimes the only way to really learn is to lose a few times. Hopefully that learning experience is done for me. |
