Actually, I don't think so. The call that the market had turned was incorrect. It had not turned.
A bear flag isn't intended to predict weeks forward. It's an immediate indicator and that was satisfied immediately. It's not a permanent call (like that the market will never go up again, ever), but an immediate one, and that was correct.
We've yet to see what will happen next, but it's hardly fair to "call" a move, have it happen SO much later, and call yourself "right."
As for IBM puts, we'll see how they turn out before they expire. LOL! They're January puts. I'm flattered that you're reading all my posts in order to find out what I'm doing. Some people study the market, and others study their favorite investors, apparently.
But if you want to smirk about someone else possibly losing money, I assume you've never lost any money in any market action you've taken, yourself? In that case, we'd all love to hear your advice. You're certainly a WunderKind.
--Linda |
