From misc.invest.stocks:
In article <36263E4E.3B76@worldnet.att.net>, Arch says...
>
>Arch Crawford, the Wall St Astrologer who is acknowledged by Hulbert
>Digest to have best return on Risk-Adjusted Market Timing for the last
>5-year period will be interviewed on CNBC 4:50 EDT Thur Oct 15
>
>Looking for a possible Crash (War?) on Monday, Oct 19
>Not because of anniversary but AStro-configurations.
The last time you were on CNBC your bullshit cost me some money and could have been disastrous for both myself and the markets.
You appeared a little after 2:00 PM on the Friday prior to the Labor Day weekend. The market was in a sharp decline and you were predicting an immediate (as in NOW) crash.
I was short OEX puts. I you were to be correct, I was in severe and catastrophic jeopardy. I didn't believe a crash was imminent. BUT, your crying CRASH into a decline, just prior to a long weekend, into a thin market, could have spooked the market into just such a crash. (Which would have continued into Asia on Monday, when NY was closed, and on and on.) I couldn't take the chance and placed market orders to cover my shorts at substantial losses. I was extremely lucky to have only received a partial fill, and consequently only a small loss, before I pulled my order as the market recovered. I made money on those puts I did not cover.
I am a big boy and know the risks of writing naked index options. But what you did was similar to crying fire in a crowded theater. If it is not illegal it should be. I'm certain a crash then would have been very profitable for you, but have you no shame?
Because the world need not know about my trading, I am posting anonymously. |
