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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 660.19-0.8%4:00 PM EST
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To: GROUND ZERO™ who wrote (52863)7/14/2013 11:57:00 AM
From: Fintas1 Recommendation

Recommended By
toccodolce

  Read Replies (2) of 218931
 
Well I would have to agree with you on that one re you and those who may be confused.

As for the provoking comment I said that for I've been accused of such. When in truth I do so to have others THINK. Now re here and now I answered it several times. And since typing,reading, processing etc is NOT easy for me I try to not spend lots of time saying the same thing. It's called chronic pain. Those who have it will undersand. Those who don't well one day they may.

SO ONE MORE TIME.

I hold CORE. They go UP..they GO DOWN.. To HOLD CORE one MUST be BULLISH. ONE MUST BE ABLE TO SEE HIGHER.

HOWEVER they can move UP and they can MOVE DOWN.

When they go UP I can be objective as with a GE as it BOUNCED from 14 to 21 ish and I could say to myself or others I'm involved. IT's JUST a BOUNCE. It will FAIL.. YET it had NOTHING to do with the long target of 29/34 etc. It has EVERYTHING to do with a call that many have been bought to be sold. Or a covered call to be written for the expected pull back to 15 which by the way it did. OR to be able to exploit the failure of the bounce to buy ANOTHER CALL or for those who I am involved who did NOT buy to have a chance to buy for the BIG PICURE is GE WILL GO HIGHER. And stepping in at 15 may not be as good as 9 but it's still a terrific % up with a projected 60 for GE in TIME.

My comments re the spx are NO different. IF they confuse it's not my concern. What is my concern is I understand what I mean. MY presenting spx down from 1477 to the 1300's was not a BEAR call. Just a reality call that HAPPENED. Most didn't see it for they didn't WANT TO SEE IT. Yet it happened. Here and now most don't want to see the same downside. OH well. all I can do is present it. KEEPING in mind I also see UP for I'm a BULL. If i wasn't I'd sell all positions. I have SOLD NO CORE..

My short term view is but that. Its about EXPLOITING those who do not see the down. It's about the person pounding the table saying INTC is going to 30 when if fact INTC was going to ROLL OVER. As it does that provied me the opportunity to buy a certain strike at a certain price for a certain month for an expected UP. Meaning I'm LONG re the long term view of INTC but here and now it needs TIME. TIME eats premium. But that doesn't affect what I see for the UP. Just affects those who pay 5 instead of 1..

MY reasons for doing things are far more complex than what many do. MOST do not buy LEAPS. MOST do not sell covred calls. MOST are not able to take the risks. MOST do not understand the numbers I use. Again that's not my problem. Yet there are those who will use a PM and I will take my time to explain and do the best I can. If many want to not do so or ignore that's not my problem I offer it and it's free. .

So I don't want to spend a life time explaining it. For the purpose of a board. I put up numbers and others can track them. As they do they must realize I am not tied to others timelines. My SPX downside could take a year to play out. I'm in no rush. After all it took better than 4 years for 1600 SPX to play out. MOST forget that nuance.

While here re GOLD. There's more going on with GOLD then a chart or TA or FA will reflect. It's nice to see it bounce as I presented. BUT..

IMHO

Fintas if there are lots of miss spells sorry. it takes to much time for me to go thru the edit and even then I can error. SORRY..
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