Forum Replies Created
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stockstradr
ParticipantRegarding the comment on gold, yes I’m also nervous.
I’ve hung onto my ~25% of portfolio position in gold. Yes, I’m very nervous we could see a significant pullback from profit taking, possibly taking gold down $100 or more off the $930+ top. I’m hoping that does NOT happen. In the mid-term (24 months), however, I fairly confident gold will advance above $1200/ounce.
Regarding stocks, I believe the optimists are having some temporary success convincing the markets that the recession fears were overblown. I think index movement over next few weeks to few months will be difficult to predict, until data comes in (April, latest) that completely confirms the recession has started. So, my strategy is to start taking SHORT positions because no matter the fluctions of next few months, eventually Bad News will take the markets MUCH lower this year.
You know what I really wish for? I want some incredibly OPTIMISTIC (but groundless) news to completely dominate for a day, sending the markets wildly UP…and same time lowering the cost of PUT options on the indexes.
On that day, I will be buying puts, right when they are On Sale.
stockstradr
ParticipantRegarding the comment on gold, yes I’m also nervous.
I’ve hung onto my ~25% of portfolio position in gold. Yes, I’m very nervous we could see a significant pullback from profit taking, possibly taking gold down $100 or more off the $930+ top. I’m hoping that does NOT happen. In the mid-term (24 months), however, I fairly confident gold will advance above $1200/ounce.
Regarding stocks, I believe the optimists are having some temporary success convincing the markets that the recession fears were overblown. I think index movement over next few weeks to few months will be difficult to predict, until data comes in (April, latest) that completely confirms the recession has started. So, my strategy is to start taking SHORT positions because no matter the fluctions of next few months, eventually Bad News will take the markets MUCH lower this year.
You know what I really wish for? I want some incredibly OPTIMISTIC (but groundless) news to completely dominate for a day, sending the markets wildly UP…and same time lowering the cost of PUT options on the indexes.
On that day, I will be buying puts, right when they are On Sale.
January 28, 2008 at 1:14 PM in reply to: Makes billions as the market crashes and he is the bad guy???? #143998stockstradr
ParticipantOld news.
The WSJ already had excellent coverage of this story recently, which was linked in previous Piggington thread. Prior to that, years ago WSJ also covered the creation of this hedge fund.
January 28, 2008 at 1:14 PM in reply to: Makes billions as the market crashes and he is the bad guy???? #144235stockstradr
ParticipantOld news.
The WSJ already had excellent coverage of this story recently, which was linked in previous Piggington thread. Prior to that, years ago WSJ also covered the creation of this hedge fund.
January 28, 2008 at 1:14 PM in reply to: Makes billions as the market crashes and he is the bad guy???? #144237stockstradr
ParticipantOld news.
The WSJ already had excellent coverage of this story recently, which was linked in previous Piggington thread. Prior to that, years ago WSJ also covered the creation of this hedge fund.
January 28, 2008 at 1:14 PM in reply to: Makes billions as the market crashes and he is the bad guy???? #144265stockstradr
ParticipantOld news.
The WSJ already had excellent coverage of this story recently, which was linked in previous Piggington thread. Prior to that, years ago WSJ also covered the creation of this hedge fund.
January 28, 2008 at 1:14 PM in reply to: Makes billions as the market crashes and he is the bad guy???? #144333stockstradr
ParticipantOld news.
The WSJ already had excellent coverage of this story recently, which was linked in previous Piggington thread. Prior to that, years ago WSJ also covered the creation of this hedge fund.
stockstradr
ParticipantI must have been bored late last night (or insomnia?) but this $cientology thread had me check out some related web sites.
If you find yourself with insomnia, or very bored, THIS article is really one of the best on $cientology.
http://www.lermanet2.com/latimes/la90.html
A very fascinating read.
Also enjoyed this website written in an entertaining witty writing style, all about this cult:
Previously, I didn’t know $cientology was THAT bad, and I’m glad I got educated. It is really a plague upon mankind.
Also, this video is even funnier at making fun of Tom Cruise’s zombie $cientology video.
stockstradr
ParticipantI must have been bored late last night (or insomnia?) but this $cientology thread had me check out some related web sites.
If you find yourself with insomnia, or very bored, THIS article is really one of the best on $cientology.
http://www.lermanet2.com/latimes/la90.html
A very fascinating read.
Also enjoyed this website written in an entertaining witty writing style, all about this cult:
Previously, I didn’t know $cientology was THAT bad, and I’m glad I got educated. It is really a plague upon mankind.
Also, this video is even funnier at making fun of Tom Cruise’s zombie $cientology video.
stockstradr
ParticipantI must have been bored late last night (or insomnia?) but this $cientology thread had me check out some related web sites.
If you find yourself with insomnia, or very bored, THIS article is really one of the best on $cientology.
http://www.lermanet2.com/latimes/la90.html
A very fascinating read.
Also enjoyed this website written in an entertaining witty writing style, all about this cult:
Previously, I didn’t know $cientology was THAT bad, and I’m glad I got educated. It is really a plague upon mankind.
Also, this video is even funnier at making fun of Tom Cruise’s zombie $cientology video.
stockstradr
ParticipantI must have been bored late last night (or insomnia?) but this $cientology thread had me check out some related web sites.
If you find yourself with insomnia, or very bored, THIS article is really one of the best on $cientology.
http://www.lermanet2.com/latimes/la90.html
A very fascinating read.
Also enjoyed this website written in an entertaining witty writing style, all about this cult:
Previously, I didn’t know $cientology was THAT bad, and I’m glad I got educated. It is really a plague upon mankind.
Also, this video is even funnier at making fun of Tom Cruise’s zombie $cientology video.
stockstradr
ParticipantI must have been bored late last night (or insomnia?) but this $cientology thread had me check out some related web sites.
If you find yourself with insomnia, or very bored, THIS article is really one of the best on $cientology.
http://www.lermanet2.com/latimes/la90.html
A very fascinating read.
Also enjoyed this website written in an entertaining witty writing style, all about this cult:
Previously, I didn’t know $cientology was THAT bad, and I’m glad I got educated. It is really a plague upon mankind.
Also, this video is even funnier at making fun of Tom Cruise’s zombie $cientology video.
January 24, 2008 at 3:09 PM in reply to: My prediction: DOW -500 tomorrow Tuesday Jan 22, 08…. #142341stockstradr
ParticipantCramer?
He’s an idiot. Rear Barron’s report on his stock picks UNDERperforming the indexes over many years.
But, I am guessing he’s right in this case that yesterday saw the short-term bottom. I’m expecting this “bump” continues up a couple percent maybe 5%. I’m currently LONG this market, except for my short oil sector position. I am guessing that markets head up for a few weeks (days?) and then continue their long nasty slide down much further into the dark abyss.
I did buy NOK yesterday, got very lucky on that. Up 15% in 24 hours, off yesterday’s bottom. I should have bought more of that NOK yesterday. (I only made enough to pay for a family vacation, not enough for a new car.)
For those who said at $865/ounce, gold was headed SOUTH…
You were WRONG, so far.
I should have ignored those forum posts. I currently have 25% of my portfolio in gold, but your comments made me hesitate and I missed $20 of this recent $40 move up to $910 because i listened to you gold bears.
Next stop for gold: $1200/ounce, and we reach that price sooner than you expect. I say this year.
January 24, 2008 at 3:09 PM in reply to: My prediction: DOW -500 tomorrow Tuesday Jan 22, 08…. #142568stockstradr
ParticipantCramer?
He’s an idiot. Rear Barron’s report on his stock picks UNDERperforming the indexes over many years.
But, I am guessing he’s right in this case that yesterday saw the short-term bottom. I’m expecting this “bump” continues up a couple percent maybe 5%. I’m currently LONG this market, except for my short oil sector position. I am guessing that markets head up for a few weeks (days?) and then continue their long nasty slide down much further into the dark abyss.
I did buy NOK yesterday, got very lucky on that. Up 15% in 24 hours, off yesterday’s bottom. I should have bought more of that NOK yesterday. (I only made enough to pay for a family vacation, not enough for a new car.)
For those who said at $865/ounce, gold was headed SOUTH…
You were WRONG, so far.
I should have ignored those forum posts. I currently have 25% of my portfolio in gold, but your comments made me hesitate and I missed $20 of this recent $40 move up to $910 because i listened to you gold bears.
Next stop for gold: $1200/ounce, and we reach that price sooner than you expect. I say this year.
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