IMHO, the number isn't near as important as the message. Tom's strategy is, of couse, brilliant. Since April/May, when the NYSEBP reversed and Tom said go on defense, I've been struggling at how, for myself, would I do that. I won't short and am/was chicken to do options. So, I went to cash.
There is only one thing wrong with Tom's strategy, that I can see . .
One must be holding an equity that others will want to be buying at the time!!!
It is essentual! Example: I was in the oil patch in May!!! (Who wanted to buy calls in the oil patch???)
There again, if I had been following P&F, I wouldn't have been in the patch to begin with :-(
So, now I'm ready for a new beginning. Thank you Tom and Jan. |
