Now you're accusing him of manipulation? Touting a stock while simultaneously dumping it? Micron longs tried to nail Vinik for that. Had they been able to prove it, I'd be on their side. In fact, Fidelity disproved it, so I think that just makes them a bunch of whiners. If you think Fleck manipulated EGHT, prove it and start a class action. Otherwise, stop whining about his correct decision to sell out. Like any other market participant, he is entitled to change his mind. He is not required to tell you he has done so either.
BTW, if you kept saying that the market is overvalued "for 50 years in a row", I'd suggest that as proof of insanity, but that ridiculous statement is hardly comparable to being wrong for three years (if, in fact, he was bearish on the ENTIRE market for three years). Exaggerating your opponent's position to the point of ridiculousness in order to discredit him is also a very weak minded debate tactic.
If you can make a case for his conclusions about the market being wrong, why don't you do so? If you can, that would be much more helpful to others here than your argument so far, which basically amounts to "he was wrong before, so he must be wrong now".
Bob
PS: I guess you think Granville is a genius. He's been right the last couple years and, what's more, he thinks the Dow's going to 14,000 this year. |
