CJay, CHIP, BZOOKA, and thread,
In view of what happened, I'd be inclined to cut Chip a little slack. First, Chip said he never told anyone to sell. Looking back on his posts, he seems to be right. Second, while the fundamentals of CREAF look great, and we interpreted the chart in the context of some experience with CREAF, it's very likely that the overall market moves (the same moves that convinced me to buy DOW & Nazdaq puts Thurs & Mon :-) were reflected in the CREAF chart in the middle of its runup.
I may be stretching, but I do believe it's possible. Chip does seem to have a strange attitude about information sharing and I've never seen an explanation of his reasoning, but maybe it really is his attitude and not his lack of reason.
Truth is, he made money and covered his short when most stocks were testing their lows. Whether he did it on a great stock or not doesn't really matter. Now let's all make money as we ride CREAF to the 30s!
Thanks,
Mike |
