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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (7420)10/25/1997 10:57:00 PM
From: Bonnie Bear  Read Replies (2) of 94695
 
Bill: go ahead and laugh at me for being a bear (i'm getting used to it). Open mind? yes. open pocketbook? only when it makes sense. I sold a house the end of June and had new money to invest. There was a huge bubble in the international index. So it made for sense for me to wait until it peaked and short into it, which is exactly what I did. Now I have profited nicely by being a bear in low-risk bear investments, whereas I would have lost money, a lot more money, by investing long into the top of the global bubble. As a global investor I will go long when I see some evidence of a correction in THAT index. For new money in this market the long side is simply too high a risk at this time. For day-trading and day index puts and calls, fine. If I have any regrets as a bear it was for not being a more aggressive bear as I let many opportunities slip by listening to the bulls on the thread.
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