You guys like waxie? I wouldn't trust him as far as I could throw him, but he is funny as sh1t..........
Today I made over $100,000 while at the Online Trading EXPO.
How? Because we made a call Friday that the market
was going DOWN Monday LARGE and I was short BRCD, SONE, CHKP,
MXIM, and we were short ISSX and others.
If you are not willing to SHORT in this market, you will 100%
lose money.
At the EXPO I had several people say that they would never short
a stock.
Why? Frankly thats idiotic and fanatical.
The American Way is to SHORT STOCKS! Its PATRIOTIC to SHORT
STOCKS!
But WAXIE, how can you say that when everyone else is saying
that BUYING stocks is Patriotic???
Well, dudes, because those poor ######## are LYING to you.
They are duping you into thinking that corporate America
is on the same level as you are.
Meanwhile GE doesn't pay 1 single cent in taxes last year.
Meanwhile the airline industry gets $18 BILLION bailout of
YOUR tax money.
Meanwhile our government conspires to give IBM $1.1 BILLION
in FREE money as part of the "great" economic stimulus package
that is still on the table.
I'd rather use Viagra to get stimulated, thank you very much!
The American Way is a FREE MARKET system. That means that
you should be able to make money buying OR selling stocks.
In the last 10+ years we have gotten so spoiled by a market run
rampant and an economic expansion thats almost unparalleled,
that the country duped itself into thinking that the stock
market is PART of the American Way and that its what makes us
a strong nation.
That is total HOGWASH and stupidity and an out and out LIE.
Further, the nation duped itself into thinking that the stock
market not only WOULD, but even more so - HAD TO go up EVERY YEAR.
And, if we had a down year, it was an anomaly that would
be corrected the next year.
The adage was that you should invest in AMERICA.
Since when did investing in America break down into INVEST IN
CORPORATIONS?
It happened when people stopped looking at the reality of
corporate earnings and started to think that simply by
putting their money into a 401K that they would be able to retire
with rich because the stock market had to keep going up.
Well, they were lied to, and they were foolish enough to believe
it in spite of the overwhelming TRUTH thats been staring them in
the face for the last 2 years.
And, whats even more sickening is that they continue to believe
it even as earnings go down the drain and even as more
and more companies come out and say that they cheated on
their bottom lines.
We've been saying this for a LONG time, longer than ANYONE out
there thats legit. We were bullish in 1999 and we were bearish
in 2000 and 2001 and now 2002.
If you are an investor, or simply someone who trades part time
(or full time) and you do not consider learning how to SHORT
stocks, I can promise you that it is VERY VERY unlikely you
will make $1 in the stock market for the next 5 years.
This Bear market has only just begun. The DOW may make its way below
6000 by the time this is over with, and the Nasdaq almost
certainly will be under 1000. I would not be surprised if
we hit 5000 on the Dow and 700s on the Nasdaq. I would not
be surprised if CSCO hit under $5 and if MSFT were under $25
and if INTC were under $12 and if IBM were in the $50s
and if...the list goes on and on.
The nations fascination with Tech continues even now. Every
selloff is thought to be a buying opportunity by fund managers
and analysts who have ZERO clue about valuation and yet keep
losing their sheeple clients more and more money.
They don't understand that the American way is to LEARN and GROW
and not to make the same mistakes again and again. How many
times must we hear from the Abby Coneheads of the world that
you should BUY only to then watch the stocks she said to buy
plummet to new lows?
How many times is CNBC going to talk about MONEY ON THE SIDELINES
before people realize that money on the sidelines means that
its on the sidelines and doesn't mean that it'll ever make
its way into this bubble we still call a stock market?
ANYONE buying stocks to invest right now WILL lose money.
You can mark my words and yell at me if I am wrong. I'm not
talking about bounces we'll have, maybe as soon as today or
tomorrow, I'm talking about REAL investment grade moves.
They simple will NOT happen until the excess on these stocks
is sold off and until accounting practices are written the right
way to accurately reflect a companies true worth. How can
you EARN 25 cents a share when you then say that you LOST
$200 MILLION due to writedowns. PRO FORMA is ludicrous.
I'm sorry, but if I lose $200 MILLION at Trendfund.com
then I'm not doing well. I can't qualify it and say that
I beat estimates cause you shouldn't count my losses!
Corporate America is in cahoots with each other and the government.
The lobbies that run Washington will only cease when WE
the people STOP and look at the TRUTH about whats going on.
That day may be closer than most can imagine because if I am
right then we are in for a far larger problem than anyone could
ever imagine. I hope I am wrong, but I'm usually not.
The stock market is a means to an end, thats all. Investing is
for suckers and fools. You want to be a sucker? God Bless.
Me and our members? We'll make money consistently no matter
what the market does, up or down. Why? Because we could
care less about corporate America. Screw IBM. Screw MSFT.
They all suck. ALL STOCKS SUCK.
ALL BROKERS SUCK.
ALL ANALYSTS SUCK.
When you get to the point where you can say you feel the same
way, you are then a sucessful trader.
Until then, you might as well sell yourself SHORT, cause the stock
market is a FREE market system, but you're not taking advanatage
of it the way it was SUPPOSED TO RUN!
LEARN TO EARN!
Next week Todd will be teaching a class on SHORTING for
all newbies and whoever wants a refresher class on it.
Also, next week I'll be doing another class on playing the current market!
Only Plan #1 members will be invited in to the chat room
to hear it.
Also, I'll be in the chat room trading and talking up a storm
MUCH more in March, so now is the time to join if you want
to MAKE THE KA-CHINGOS!
Last class I did a couple weeks ago turned out to be prophetic!
Why?
WE RULE THE FREAKIN' MARKETS!!!
Thats why, baby, thats why!
See ya on the other side,
WAXIE |
