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Pfizer Inc. Message Board

  • fizrwinnr11 fizrwinnr11 Jun 9, 2011 2:47 PM Flag

    My methods must pass rigorous tests

    Unlike hotpanera2 who wants free passes, I subject my methods to brutal tests to see if they really work. For example, in the recent market giveback since the April 29 high, how has my naked put portfolio performed relative to the averages? If there are weaknesses in my methods, certainly it would come out during the worst of times? This is also a very fair test because as luck would have it, four of my seven open positions have been very poor performers the last six weeks or so - CSCO, BAC, F and GE. The other three have done a lot better - PFE, ABT and INTC. So this is a very fair but rigorous test. At any rate, from the market highs through yesterday, here are the results:

    Down 5.4%. Naked put portfolio ($144,380 to $136,525)
    Down 6.2%. S & P 500 (1,364 to 1,284)
    Down 6.0%. Dow 30 (12,811 to 12,049)

    I'm just not one to try and hide bad results. If they truly are bad, I want to know it so maybe I'll know not to believe in the methods so much, etc. But the opposite is also true if my methods can pass all the acid tests with flying oolors.

    Remember - during the absolute worst of times during the crash, I didn't duck out. I was there to report all of the losses even when I was down by a third of a million dollars on Pfizer from inception through 3/2/09. That's because I truly thought that the crash was a once-in-a-lifetime aberration and that in the fullness of time, my methods would prove their mettle.

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