SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (274307)1/16/2004 6:07:58 PM
From: Tommaso  Respond to of 436258
 
Something I wrote to someone on another thread as a PM:

Isopatch banned me from that thread when he established it so I cannot post there. I will convert the rest of my BEARX to RYVNX in my IRA account if the market rise continues. Today in my cash account I bought more LEAP puts on QQQ (strike 30, expiration January 2006) which is much the same thing.

I think you are correct but I also think we must be prepared for indefinite prevalence of insanity. Did you see that someone posted that the AAII report of bear/bull percentages showed 10% bearish, the lowest EVER recorded. If contrarian indicators mean anything, we should be running out of upside.

Thank goodness I am not exposed to any margin calls or short squeezing, or the discomfort of very large put positions on something like IBM. I may not make the maximum profit but I won't go broke either--which is what happened to Jim Rogers when he went short heavily, and too soon, in 1972.

Speaking of Rogers, I am also following his advice of going long commodities. Today in the Wall Street Journal an article on Bill Gross of PIMCO funds says he is putting his own money in what must be PCRDX, the fund that buys futures, etc., on commodities and used TIPS as collateral.



To: MythMan who wrote (274307)1/16/2004 6:17:00 PM
From: Lucretius  Read Replies (4) | Respond to of 436258
 
you can't be serious. i bot TASR today and flipped it for 5 bucks. lol. this is like 1999 all over again. its going to be worse than bad this time



To: MythMan who wrote (274307)1/16/2004 7:31:50 PM
From: marginmike  Respond to of 436258
 
I think so for several reasons
1)dollar will resume decline
2)Bond yields dropping here points to debt deflation in our future. If econ is booming, and getting better, comodity prices increasing, how come yields are dropping?
3)It seems people havnt learned their lesson, and this market is led by the same junk as last one
4)Pe's will revert to mean

Its not that I dont think this cant last another year or two(not saying it will) But I am still a bear.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News