Can anyone confirm Kass still hold those positions. I followed him into all of those stocks. Lost 100k and took my loss a month ago. I'd lost another 200k if I held on. I bot TBT around 34, sold at 29. Someone here said I'm the contrary indicator when I sold. You know the rest.
I followed Kass generational bottom call in 08/09 into material stocks. Did great. Now he's not so great.
Good question. I think alot of these "advisers" want to suck others in so the price spikes and they can get out (for now).... There's a time to buy this but since the Fed is determined to make Operation Twist work, why fight the trend? IMO, get out on a bounce and re-enter at a much better price. As another person wrote on one of these threads, just play the swings for 5%-10% profit (and I'm taking their advice now).