Peter, Peter, ever stubborn Peter -
I only make a living doing this stuff. You have to remember that few of us here probably have the multi-million dollar returns you're always bragging about, so don't judge us too harshly.
On the subject of reporting my trades to you, Herr Commandant, since your only genuine reason for wanting to know my trades would be to try and keep track of whether I've been right or not, here's a handy post translator for you:
1. When I say I like the trusts a lot, that means that I'm LONG.
2. When I say I think people should wait a bit before jumping in, that means that I'm OUT.
3. If I ever tell you that I think you should mortgage your grandmother to raise the margin to sell everything in sight, that would mean that I think you should be SHORT.
Now then, that wasn't so hard, was it?
So if you're so interested in how I'm doing, go back and look up the date when I had the audacity to suggest that maybe the trusts were heading south. You can bet your lean-to that I was long gone before I made that statement.
Next, draw a chart of a basket of trusts using that date for a baseline, and then you tell me whether or not I'm ahead right now, even after distributions.
I'll save you the trouble - can you say "STAN'S WAY AHEAD"? I knew you could.
Do I care about the much-reputed 20 year record? Nope, I don't have any 20 year holdings, I'm a sector player and I move in and out as the situation warrants it. Would you like to know how I've done for the past 20 years so you can make comparisons and declare yourself the winner regardless of the actual data? Yes, I think you probably would.
You obviously have a lot more time on your hands than I do, worrying about how someone else might be doing. Why don't you spend that free time productively and put an addition on your lean-to instead?
I have to get ready for the open now, but before I go, have you noticed that January WTI is down $1.70 a barrel this morning. That can't be good, can it? |
