I think I’ll wait for lower prices.
There is nothing for me to boast about, except the fact that I called this correction to the exact day. I am neither short or in a large cash position. My positions, just like yours, have c-4 sticks attached to them and are ready to be detonated, at any given moment. The only discernable difference between you and I is that I relish set-back and work well under pressure. I am never comfortable living in a utopian society.
I have 12% of my assets in cash and that’s a lot (for me), since I was leveraged at 150% of assets for most of 2013. I intend to purchase your margin calls, just at the right time, then sell into the rally, furiously, as if my head caught fire.
My prediction is for another 1-2% lower in February, which means today’s clown show is dated. We will bounce very hard in March, to the tune of 6-9%–because that is the playbook of 2000, the one we are reliving now.
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Oversold here.
Basically nothing to do now. I hedge with SPY puts and will compile a watch list for soon to buy stocks. I wish I had done this when you exact called the top.
The GOGO article Dr. Eldon posted in The PPT really blows.
what is it about?
Monsieur LeFly- What’s your target on Approach Resources (AREX)? They seem to have come up dry in a few of their wells. Will you still hold, or would you suggest another gas stock. what’s your take on CHK, for example. Thanks.
Nice market.. good days of cheap stocks are back… and my baby JO delivered
Account OK right now. Momo surprisingly resilient.
I spoke too soon…
what will the solution be to the quandary of China, Turkey, Brazil and Argentina ?
gold/silver have been seasonally incredible so far,….
Uh oh, new logo. Red sign with bears on it?
I think it would be wise to assume the crash position.
Lucky I took my own advice and jumped into the FAZmobile a few days ago. Missed the initial move but it’s got a full tank of gas and the engine is running well.
Hear yer worried blabberin not I will. Cap’n Fly warned ye.
You can act like a Man!
http://www.youtube.com/watch?v=7nqcgUDoV_M
sorry for your loss. the economy here seems to be booming, the cold weather must be putting fire under there feet. resorts are full. traffic is bumper to bumper. reminds me of 2006.
the GOGO gap has been filled. ’bout that time to buy, chap.