<< Cheryl Strauss Einhorn has a very good track record.>>
Ohhh really ? - out of curiosity give us a little background on Cheyrl Strauss Einhorn -
One important point needs to be made. Her comments were about ''OIL FUTURES CONTRACTS" - not the Oilpatch Service & driller stocks. I saw her interviewed and she was referring to the Oil pit traders comments on profit taking on the futures contracts. Hardly a surprise to anyone by the way ...
Now, while the Bad News Bears try to make us Bulls sound like some blind - ''Oils going to $25'' cheerleaders; nothing could actually be farther from the truth !
We are realists. We saw the technical and fundamentals strengths of a quadruple bottom - OSX 45 was never violated and on all 4 runs - buying individual stocks, or the index as it neared OSX 50 was very prudent. Criticizing the absolute free money trade off of the Tax Loss Selling and the inevitable January effect pop - was the epitome of ignorance. I remember all of the criticism. You guys keep pointing to June 1998.... get over it ! Yes; I and others bought into that selloff and we missed it ! Big Deal - do you know HOW DAMN MUCH MONEY some of us have made on four 20-50%+ run ups just since Sept 1st ???!!!! You guys spread gloom & doom on every comment we ever made. Trust me, I am not the only one who wondered why you care so damn much about ''our'' money ! Altruistic intentions ? - hardly... <VBG> !
While we were preaching - trade the rolling trading range (and making money) - you guys were twisting reality saying that we were claiming that we were out of the woods and Oil was going to $25 etc. Nothing was farther from the truth - we never preached we were out of the wood and we still are not ! But, we know value and we know an impervious quadruple bottom , and we know a trading range when we see one and most importantly - we had the guts to just do it !
While you guys displayed such amusing petty jealously - sitting on the sidelines - yelling that the sky was falling, accusing us of chasing falling knives, criticizing every trade etc. - we were quitely taking money to the bank, over & over and over again...
You guys continually twisted reality, twisted and spinned everything we were saying and generally didn't even pay attention to anything that has happened in the Oilpatch in the last 9 months. You Nattering Naybobs of Negativity are frozen in a June 1998 Time Warp - get over it all ready !
Now, you can spew all you want; you missed the train - and bigtime. Now you don't know whether to jump on - only to get whipsawed , or to wait for a retracement that may never come and miss the entire move. Yes; those that had the guts to buy headlong into others fear, gloom and doom have profited very well. Most importantly those that cashed in some chips - aren't just holding paper profits either. If we do retrace and we get to play this OSX 45 to 60-70 game again - we will be there and take the money for the 5th time - bank on it !...and I'm sure you guys will still be sitting on the sidelines yelling that the sky is falling and pointing to NOESIS $8 Oil prediction, calling for new lows, or as Mikey did - tell us to wait a decade, or 5 years - HAH ! .
Get over it ! Not only do you not get it - you probably never will...
But, thanks - as you have been a textbook lesson on how one can make more money by studying people than the market - investor sentiment is ohhhh so important. You Nattering Naybobs of Negativity have truly been the guiena pigs of the patch...
Give these stocks some leash for an envitable retracement Gary's comments and EW analysis seems right on once again. Use stops however - Protect profits and watch the news and especially for any Big Block selling on any negative news from OPEC. The deal sure looks done to me - but the fat lady has not sung - so use stops, pay attention and get ready for a very nice potential ride. - If the big ride doesn't happen - no problem; cash in the chips; put the profit in the drawer and we get to play this game again... |
