To: Lazarus who wrote (56334 ) 1/6/2014 3:18:44 PM From: Fintas Read Replies (1) | Respond to First I don't see your post as being critical. I see it as being real from the perspective you have and not knowing what I am doing.when/where and how. Most forget I was one supporting the 1620 back in late 2009. The same 1620 I saw in 2007 that I expected in 2008 that as we know collapsed. However if I could see that 1620 back then and at that moment from where it had come I also understood the 1134/972/810. Did I have 667. NO. Could I see it YES. So what you present is CORRECT re that 1620 ish and now high it moved. Yet I expected that to be able to hold the GE to the 28. The BAC to the 16. The JPM to the 56 etc.. Remember while yakking about the down I've consistently showed strings up.. whether it be 162.108/54. It's just that most are living in their head in not mine to understand what I'm doing and NOT doing. So too was this statement correct.: "A couple of days after you made that post, the market did crumble about a 100 points,,,, buts its rallied about 300 from there." Yes that's true and that was considered to allow me to act with covered calls or a put etc..Again I put up the 108 for a reason. Now if you went back far enough in 2013 someone asked me when would I give up on 1270. And I responded when I saw 1944 taken out because I could SEE 1944.. Yet even then I would still expect the 1458. NOT 1270. probably NOT 1350.. But 1405 could happen but NOT in 2014 from 1944 ish. I'm not taking your post as being critical. And you are very correct about luck being a part of such. TRUST me when I kicked out those csco leaps in OCT 2007 for 11.34 bought for 1.25 I did NOT think they would expire WORTHLESS in JAN 2008. I GOT LUCKY. I could see the drop. I had run the numbers I expected csco to hit i.e 34. It did and I was GONE. I'm not into greed in any direction. I'm only playing with 10% for puts and even that is helped due to the many who have pushed my longs UP to allow me to selectively sell a covered call or buy a call. Few hold for 3-5-7 years. Some have asked me do I really believe spx could drop to 1458 from 1848. To which I responded take a look at what PGO did from 1916 ish to 1458 and the time frame ...OR YUP! Hope all is well in Lazurus land. And if you want put some numbers up just so I have an idea of what you are thinking in either direction..
