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Non-Tech : Invest / LTD
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To: Lucretius who wrote (7322)2/11/1999 1:54:00 AM
From: waverider  Read Replies (2) of 14427
 
LT, Beebs is right. Your claim of calling the top perfectly is jaded. To be more accurate you have been calling for a depression type crash since last April or so. If you had just stayed long the market then (major growth names only of course) and gone out to pull some weeds, you would have make a lot more money than playing this timing thing...including yesterday's correction.

Have you forgotten where INTC was back then? How about DELL?
Let's take a look at all those POS and fat pigs you've been shorting/pooting. We'll start from June since we were basing then:

INTC 65 then, 128 now
DELL 38 then, 97 now (including split)
NKE 47 then, 49 now

Even one of your best calls has failed to make the grade:

C 60 then, 52 now (after split/merger)

You have been saying that you have been selling short for the long haul because you don't know exactly when the crash is coming. So far that has been a failed strategy. I don't know how many trades you have been making, but you must be very lucky to have been able even to come close to the long term hold strategy of a diversified portfolio. Most of my growth mutual funds have made 20-30%+ since your crash alerts.

You will be right some day...but only because you have been a perma bear for nearly a year. I know you feel I've turned nasty of late, but you must be able to see from the numbers that your strategy has been way off base.

Good luck on future predictions.

FGI beat estimates by a mile this afternoon.

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