Ike:
Thanks for your response! Your critics may be many, but your results speak for themselves! An important lesson I've learned in my few years investing is the ability to adapt to the changing conditions of the market. Hence, my disgust with the myopic stance of many of the bears.
They can ridicule you as they like, but certainly your bottom line shows the true picture!
Sure, timing can never be a perfect science. However, the ability to look at issues with an open mind, is the mark of true professional in my view. As I recall, Favors and his crew were 50% short at 7600, and were calling for 6400 minimum this month! Well, I hasten to say that his intervals were very costly to those who followed! Who knows, maybe he will be correct very soon. But one can not discount that you called for this rally with blood running everywhere! I know, I jumped in a bit prematurely but was long from the bottom. Your wisdom, at that crossroads, proved very rewarding to all who followed.
I recall another astute trader HPEACE! He was chastised to the point of leaving SI permanently! In my opinion, he was second only to you in his picture of the market. I'm glad you take pride in your conquest of the market! Those who belabor you seem only to be covetous of your undistorted opinion of the world! Looking forward to your commentary in the days and weeks ahead!
Sincerely,
Kevin Richard |
