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Strategies & Market Trends : DISsing DISney
DIS 112.11+1.5%3:39 PM EST

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To: Option Player who wrote (112)5/5/1998 11:50:00 AM
From: capitalistbeatnik  Read Replies (1) of 136
 
So a pundit is anyone who takes a point of view on a stock? That means we are all pundits. Just beware that anytime one of your picks goes down, that you would be vulnerable to heckling and being called a quack. Yes, I thought DIS was overvalued and obviously that was a mistake in retrospect. And I've made about five other incorrect predictions. And the Denver Broncos lost 4 games last year and the Florida Marlins lost about 65 so they suck, I suppose.

Now if you want to start talking about the 30+ correct positions and my overall performance that has beaten the S and P the past three years then we can be rational. Go read Peter Lynch's books, he'll tell you about all the mistakes he made.

Find something else to do at 1 in the morning. Obviously you aren't as strident with anyone in real life because you are aware of the consequences. Show a little class, because your predictions will be wrong someday and anyone on this board who takes the point of view to trash someone with a contrary point of view who guessed wrong is living in a glass house. If you really are an "option trader", something Peter Lynch has never done, you will learn soon enough that there are two directions that the market can go, and that is not bearishness, that is reality.

You're not looking very far if you think shorting Disney is the worst prediction you've seen. Check out the TA thread, or what has happened to the AOL or Amazon shorters, or the Oxford Health longs.
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