S+P, I think you're right.
Boy, these last few weeks have been strange. I don't know anyone who stated, categorically, that there WAS a draw happening. A lot of us suspected that was the case, but since we had new "amigos" - we couldn't tell, for sure.
Interesting to see what it did to everyone's perceptions. Some equated it to a "natural" market, with the corresponding implications. (I include myself in that group).
But, it wasn't "natural". It was a draw, and as usual, it depressed the price. The FUD artists emerged, and the usual incredibly adept traders who remind us that DMX is only a trading stock with which they make truckloads of money, but not a hold: a subtle variation on the usual FUD ;- )
So, Cal's prediction (after the LAST draw) with which I agreed, sort of died.
And this one (with which I ALSO agree) may die, too, if there's another draw.
Wolf's excellent advice comes to mind...
"Don't straddle the bet. Don't risk the bet with margin
at this time."
...but, you've gotta wonder just how good it will be when the market knows there will be no more draws, and when the anticipated news is in.
Believe it or not, I am encouraged.
Jim |
