David --
I've been short from the 11's and closed my position at less than 2 today. Accordingly, I have no interest in CYBG, and certainly no interest in taunting its victimized investors. Let me say a couple of things:
1. You just paid a huge price for advice on the market. It doesn't matter whether you heard or learned the lesson, you still paid. A smart person would try to learn from that experience.
2. You think Wexler and the shorts were lucky. I would submit that luck is always a factor, but most of the people I know who were "lucky" in the market also spent lots of time analyzing stocks, had an objective attitude, and were willing to take small losses when they realized they were wrong, to avoid big losses not too much later. How do these talents map against your skill set?
3. Good stocks don't need to be sold. It sounds like you bought someone's advice hook, line, and sinker. If you know where the stocks in your portfolio came from, I'd note this as a strong demerit against whatever source gave you CYBG. If you don't know where it came from, you have a major portfolio problem and I'd suggest you not buy anything else until you fix it.
You said that shorts have no gods but money. At best, that's an oversimplification that says you don't understand short sales and the contemporary market; at worst, it's a gross insult to the many shorts (me included) who know that the Lord is God. Greed is a terrible thing, but there are many God-fearing people who understand that there's nothing different between a short transaction and a long transaction. If you think there is a difference, you may want to retire from the market for a while and trade only on paper.
I'm sincerely sorry you were hurt by CYBG. Please take this as a very heartfelt wish that you study this episode until you find a better way of investing.
With sympathy,
CMason |
