I was here in July.
I was betting against GWPH from $105 to $88.
When I showed up the Bulls weren't hostile, they were smug and giddy.
They just thought it was so funny that dopes kept coming out of nowhere to bet against GWPH.
Without saying so explicitly, they made it clear that since past "shorts" had all been wrong, all present "shorts" must also be wrong. They said they were up such-and-such a percent, and saw that as an argument for remaining long...rather than realize how lucky (perhaps undeservedly lucky) they had been, and choosing to lock in that extraordinary gain.
I could have held my bearish position longer, but all-in-all I'm glad I saw a well timed quick move down and then moved on before the comparatively long sideways move.
I'm just looking at it today out of curiosity; maybe I'll check in again in a few months...maybe I never will.
Good Luck to all.
My current view is that stocks are in '98...so buy the dips for now.
Bonds...I have a view. But I'm less confident and so tighter lipped about it.
That's a good question*...
but (dodging for the present)...I only want TLT to go back to yesterday...is that really so crazy?
Well, I did start w/ TBF, but the options are thinly traded so now I express my view through the somewhat more liquid options on TLT. Of course I could still type and read at other boards, but I like this board, even the longs...they mostly seem like intelligent, polite and reasonable posters.
So, of course, I may still be OK, but I dont like the sweat, particularly since I claim I could have punched out for close to 50 cents yesterday when TLT was around $118.
Yesterday I could have exited my Bull Call Spread for very near full value.
I didn't ; now I have to sweat another day! I need TLT to close above $117 tomorrow! UUGGHH
In other news I took a walk to subway and picked up two cents in heavy traffic.
It made me think of my accidental position in TLT.