mb, >>>PS - have you figured out what price you'd sell Intel at yet? It's headed for 135, you know... <<<
Good call. In less than 10 hours that the market has been open since you posted this msg, Intel has gone from an intraday low of ~125 to ~ 135. You could have made approximately 8% in less than two days. But, you have an agenda that prevents you from making money if it doesn't conform to some negative outlook.
Similarly, with Dell, In January, I had this exchange with Michael Burke:
Message 7390986
Message 7396541
At the time, I had recently bought Dell for less than 70, and when it went over 100, I started to get nervous (a lot of it because of Burke's barrage of negativity) - and finally sold when it reached 108.
I'm fairly certain I made a lot more money on Dell than MB did with his puts. What a great call, but did he make any real money on it?
I'm skeptical.
My point? Enjoy it while you can. When the bear market comes - that will be another story.
fabmktbabe.com
Say It With Me Now....
BULL MARKET.
Just thought I would revive a few sentences from a couple of columns last year that should hopefully describe what we are in the midst of.
And, just because I can "feel" those questions coming, here's why am I so confident, not to mention unwavering, in my stance.
It's quite simple really. And all it takes is the remembering of the following:
Surviving the nastiness of a bear market.
Any of you out there remember what that feels like? I hope so, if only for the following two reasons:
1. It's not fun.
2. It is nothing like, despite the market's recent twists and turns, what we are in the midst of now.
End of story.
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