I only log on to this site a few times a week and give it 15 minutes of my time which is the amount of attention most here should pay to this website.
I have been as clear as I can. 1300 to be reached in August give or take and then a big pullback into November.
Many of you will choose to daytrade trying to capture whatever profits you can and you will fail. The era of trading from day to day has ended. I think Cramer declared that the era of buy/hold was dead back in late 2008, but you should have done the opposite of what he said. If you had done the opposite and simply bought into a basket of diversified longs back when Cramer said buy/hold investing was dead, then you might be up 300% or more in some instances. How many of you are up 300% from a year ago?
If you scroll through the posts in this thread, you see one part where someone is berating me because LVS had slipped a few percentage points on the day. I think that same person was berating me in another BIDU thread several months back when I went bullish on that one. You are going to see such ups and downs from day to day and trading it will cause you to lose. The best way is to find a basket of stocks you can hold for at least 3-6 months. So I thin LVS will double from here.
Now I am not bullish nor bearish. I do not see any point in taking sides. I just know what I see and there are certain stocks out there in which are being accumulated on the dips. Since there is a lot of leverage being used, you will see these day to day ups/downs which will probably shake out most traders and cause them to lose.
I expect BP to be trading in the single digits by year end if the company has not been either taken over by the government or bankrupted. BP will be a buy at 5 bucks should it avoid bankruptcy or government takeover. I expect GS to continue its downtrend much like EBAY did in 2005. In 2 years, GS will be trading way under 100 somewhere around 50-75. It wont go bankrupt, but right now its a broken stock and will continue that way for years to come.
Quote from Ghost of Cutten:
Retail - how come you only remind us of your bull call whenever the market is up big? 
