I think you're a bit strident K. to put it mildly, why keep calling her insane, completely out of touch with reality, and say she's going to be destroyed? Isn't she invested elsewhere, didn't she short TOL at 55 (or so she says) and doesn't she also have a dayjob?
But anyway.
I don't equate GOOG with the whole tech stock bubble, which did make a lot of folks a lot of $. I do know some on margin who were entirely wiped out. I will say that I got so spooked by the bubble that I can no longer hold long, which I explained on here a while back, when I bought some goog the day the DOJ news came out and it retraced. I added it to my previous buy which had been around 300 or so...and then not too long after, when it bounced back up, I suddenly surprised myself by sellign it all on a Tuesday morning. I realized I cannot hold long anymore, I have to book profits. Some on here have noted that by doing that they lost value, and I agree, so have I. I got out of AAPL way before it peaked. But, overall, I'd rather keep profits, and in this crazy hedge-fund driven market, you can do pretty well buying on oversold conditions, and then selling. And visa versa, you can short bloated pigs. Either way.
But its not a reason to be like the Queen in Alice in WOnderland and keep shouting "OFF WITH THEIR HEADS."
Nobody is going to be destroyed. Lizzie would only be destroyed if she had 100% of her holdings in GOOG calls and they all evaporated, or if she sold a ton of naked puts and it dropped like a stone soon after. |
