Frank, that is a little weak imo. It could be said that folks over here became super bullish near the bottom as well, but likewise that would be a little weak as well.
We all have different styles, you know that.
Not everyone over here remained super pm bullish throughout this latest correction. Some like myself (patting myself on the back maybe) took some serious money off the table. There are some folks over here who trade around a fair amount, others who trade very slowly (me), others who have been very buy and hold. Some like myself have been starting to hedge if you call it that, via USPIX for example.
My port is down off the top more than I would like, but has not suffered that badly. Why? Because I took some high flyers off, have rotated steadily from high flyers to those in corrections, waiting to become the next high flyer. Not one issue I hold has 'dumped' the line so to speak. I am going to be in serious trouble if they do, that there is no doubt.
Personally what I like most about a poster is a certain amount of consistency in their views. What I dislike most is one who is a paranoid schizofrenic, and changes opinion daily. I think you know what I mean here.
As for the immediate future I am hopeful HUI, but it ain't out of the woods quite yet (I have never said it was either). One I am eyeballing at the moment is CDE. I dumped all mine near the CDE top, and it looks pretty deep in hole here, no EW, just TA.
My EW says silver has another move left in it as well, a big move. So far TA indicates silver has held its main PUT line, it has not broke, for this series of wavelets. |
