He used logic not reality, back in May 2011 when I shorted silver I waited for the ineviteble break, it came after the ineviteble climax topA person should only short in a bear market, this is not currently a bear market.A lot of guys went bust in 1999 because they bet logic in shorting the net stocks, they were early.Don't short until the break.
The inverse (long) is true as well, in 1999 logic said buy value stocks, the earnings were fine but p/e's contracted as people cashed in value to jump on tech.Had one been patient he could have bought cheaper by reading the story of what the tape was telling him.You'll notice I don't use any of that P.C. "she" could have stuff, I'm old school man - LOL
Just got back from break:)
yep. good idea and bad timin can lead to disastrous results. PCLN broke out of its range, CMG did, CRM might as well. It's irrational but this pig COULD bump to 170 before coming back down to earth.