Why do people buy when they should sell and sell when they should buy?
The answer is simple: emotions take over. Price increases excite investors and encourage them to buy and price declines scare them into selling. That's why a person like haveseen, who is an unknowing slave to his emotions, can be so valuable if you can get him to share his emotional thoughts with you. When he excitedly spills the beans like he did the last few days, you know his emotions are in total control and you can reliably take it to the bank. We closed out our WAC calls position just a few minutes ago. Nice easy money. As I await the final minutes for our plane to London, I leave you with that final thought. Good luck to all.