Lundy,
First, I wanted to thank you for challenging us all with your daring prediction. Much better than the average lukewarm, uncertain comment that most people would rather share.
Plus, I'm not sure you WERE wrong. Perhaps you were a bit early, but the turn will come, sooner rather than later, just because more and more people think that it'll be later
Just a short story from my trading past. In late spring of 1998, remember that dip? I bought for my IRA. Same in late summer and especially in October of that year. I like dips. Sold a whole lot around Christmas 1999 - but unfortunately not all - not even half. Still, big gains.
In February and March 2001, I bought again for my IRA. Same last September, and again during the last two weeks. I still have some cash in there, but I'll wait. This beast WILL turn, perhaps next week or next month. Just watch those calls of yours, don't let them get too close to expiration. Perhaps it is not too late to turn some of them into spreads of some sort.
I have a feeling that Shakespeare would have said something like this: better to have tried to see through the darkness and missed, than to accept being blind and just wait. Not a very Zen attitude, but works for me
First, I wanted to thank you for challenging us all with your daring prediction. Much better than the average lukewarm, uncertain comment that most people would rather share.
Plus, I'm not sure you WERE wrong. Perhaps you were a bit early, but the turn will come, sooner rather than later, just because more and more people think that it'll be later
Just a short story from my trading past. In late spring of 1998, remember that dip? I bought for my IRA. Same in late summer and especially in October of that year. I like dips. Sold a whole lot around Christmas 1999 - but unfortunately not all - not even half. Still, big gains.
In February and March 2001, I bought again for my IRA. Same last September, and again during the last two weeks. I still have some cash in there, but I'll wait. This beast WILL turn, perhaps next week or next month. Just watch those calls of yours, don't let them get too close to expiration. Perhaps it is not too late to turn some of them into spreads of some sort.
I have a feeling that Shakespeare would have said something like this: better to have tried to see through the darkness and missed, than to accept being blind and just wait. Not a very Zen attitude, but works for me
