Luc...I know...I was one of the guys who responded to you back then saying you were off base. I finally saw the light and saved my butt. That said, due to my stubborn conviction that the crash was near I reshorted/putted at the end of November and lost all the gains I had made with the puts purchased in July and cashed in after the correction...and would have lost more had I NOT cut my losses. From what you have said, you did well last year. Congrads! But all those March, April, etc. puts you recommended...as well as the put leaps on DELL and INTC...have cost people (and yourself) big time if they've been kept. INTV, BBY, and the list goes on....
Yeah, the golds were stellar performers and thanks for the heads up there, but...
NKE may be a POS but it has gone nowhere for months as a short...
My point is that your calls now are not really meaningful since they have been dead wrong for 3 months now. Yes, I know you can't time the DAY of the crash, but timing is everything here and three months is a lifetime to the market.
This constant "you can bank on it" commentary doesn't count. My bank account at that branch expired some time ago and it wasn't because I took the money out and put in my pocket.
Keep alerting us to the danger signs, however, because they are certainly there...and everyone needs a dose of reality.
BTW the decision point guy makes a big point of saying that the price line LEADS the A/D line, NOT the other way around. Read his explanatory points:
decisionpoint.com
How does that jive with the common read here...that the A/D line leads the price line?
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