Arty, this kind of wishful thinking has been going on a long time...In fact, if you ever did want to save longs, well by now, every one would probably bite the dust.
..."But tougher regulatory requirements and litigation, including a $2.5 billion fine to settle allegations that Deutsche traders rigged benchmark interest rates, took the shine off a division often referred to internally as "Anshu's army".
There goes my Deutsche Bank Groupie membership card up in smoke.
At some point I just sort of gave up and believe what people say, except idiots like morse (hello, morse).
So madness or not, he works too hard. That's my only complaint. Been there, down that where he is, and it was a beast.
Arty, some have been in so long that they could barely care less about a little 50% retrace. Some, maybe you, too, rode that 12% drop. If we had a full-on FB retrace now it wouldn't amount to much.
"He (Sir John Templeton) called it the easiest money he ever made, and his trick was simply to sell stocks ahead of the six-month lock-up expiry after their IPO, when a flood of newly-minted millionaires sought to cash out."
You missed it apparently. Well, you make up for oversights with other techniques. Could you bring on the bats and omens? They are more fun.
What a couple hundred shares can do is amazing given the opportunity. The only reason I sleep well is because the beta has been such a waste. A waste, but also a safety net. I stood beside an oil man in a jury selection process some years ago. He told me exactly where oil would be in about a year. And it was. What a gift for charts that man had...So every day that the balance is green is a day of wonder.
Yes, I meant FB. One time I was in a pharma stock that got trading halted mid day unexpectedly. When trading resumed the stock traded down 2.50. I bought at 3.00. It was done for. I had that same kind of fear with BABA. The interesting thing about BABA now is AMZN and how high will AMZN go if it actually is a legitmate sales venue within that site? Too bad AMZN is way up there.
If that is the best Hillary's aide can come up with, he/she must be working for another side.