I'm still around, and still short your sector that has gone parabolic. Sure it sucks.
But you know, I was shorting internets heavily in December 1999, and man did I feel like a fool at times. I thought I must have been losing my mind as well as my fortune. It worked out didn't it?
I think this is more flash in the pan than the internet. Everyone knows that interest rates will rise, maybe the fed will try to keep them low for another quarter or two, but I know in my bones that rates will rise. I think people are full up of housing, and I don't buy the argument that the big players are any smarter than they've been since people started building houses for individual property owners (land wasn't alienable throughout history, it's not an ancient thing).
I assure you Alexx that you will choke on your pig stocks, because you don't have the brains to sell a stock when its going parabolic. Housing is a bubble. Sure Greenspan can smoke all the dope he wants and say it's something that is regional. Yeah, it's regional. Prices are out of control where people want to live, and prices are flat where populations and incomes are declining.
Hey, where's dim bulb? Where's sharky? Where's jmny?
Da_dim_bulb said: "I'll try to make it a point to come back here in two years or even three years."
So he's gonna wait 2 or 3 years before covering his 2k shorted? Man, that will be painful! What a dope, shorting a stock with a PE below 7, > 20% 5 year annual EPS growth rate. No wonder he calls himself da dim bulb!
Better get that buy to cover ticket ready, this stock will hit 75 a lot faster than you may have planned for. You will have to hope and pray that we don't get a gap up open and lock you out. You may have to cover at 89, like you did last time.
This board has gotten too ridiculous so I just had to put a few people on ignore. It's been a long time coming, but rather than take the entire open ended risk of shorting (and the big capital commitment), I've switched over to a policy of buying puts where I used to short. I have some May and now Aug puts on this name, limited downside and fairly happy looking upside.
Gold is looking interesting again, and will be even more interesting on a further pullback. I'd love to see the VIX break down below 20 again and base there, what a great setup that would be:
rather than engage yourself in arguements as if you know better, why not just watch...
the proof is in the numbers, they don't lie.
if & when bzh hits the 40s... what will you say.
hypothetical, but humor me alex.
if it hits 75, i cover.
unlikely, but if it did... that is what i would do.