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Big Lots Inc. Message Board

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  • sjsrhs sjsrhs Nov 28, 2012 9:15 AM Flag

    Another big gap down will be the frosting

    If your long you are going to get your plow cleaned, this is what makes a market. Us bulls and bears make all the money and those trading on hope always get slaughtered. Good luck, one of us will win big. I'm a true contrary investor and always bet against the small investor.

    Sentiment: Strong Sell

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    • Well- looks like it's truth day. As a true contrary investor, you might be observing that contrary to your view, the cleaning has begun- your plow is beginning to look bare, and my plow is pushing a $24,000 gain for today with much more ahead. As you said- one of us will win big. Of course, the game isn't over till the money goes in the bank, and that will be in April. I figure to be up around $200,000 by then, and I will exit.

    • Hey- go for it. If you can drive the price down further, I will buy a 2-4K more. I certainly don't trade on hope, either... I've followed and studied this stock for 6 years, invested in it for 4 and never lost. Made 26K on it last year, and this year is a far better setup. Expect to make a minimum of 100K gain on it this year. Of course anything is possible, it's a game of analysis and strategy.

      IF you went short before the major drop I would say you could do very well, but I wouldn't wait much longer to cover. If you are selling short now, you are indeed a long-shot gambler.

      Contrary.... means betting on the opposite of the trend. A short is betting the trend will continue, and that is following the trend. As Buffett says, "When others are greedy, be fearful- when others are fearful, be greedy". Possibly the best investing advice ever contained in a single sentence.

      Good luck to you as well!

 
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