For some odd reason right now I am seeing and hearing a lot of people being very bullish out there recently. I do not know about you but does anyone remember what just happened the past year? The stock market just crashed 40% plus points and people are acting like now is the right time to buy. It was only a month a go it seemed like everyone I turned to or met wanted to tell me how much stock they were selling and how worried they were about losing all their money in the market. A lot of people were getting ready for financial Armageddon. Well, what is even more weird is it feels like just a few weeks later has gone by and now everyone thinks now is the right time to buy stocks. If you don’t believe me, go check the recent comments I have received on my free blog. It is ridiculous. I have moron after moron calling me out telling me that the market has bottomed (just like these idiots did in March) and that buying stocks right now is the right thing to do. First off, I find it funny that this is coming so few after they were SO WRONG in March. It is like they have completely fogortten that they told me to load up on bank stocks including LEH and BSC. Don’t you nutcases remember telling me to load up on MER, LEH, and BSC? How quickly they have all fogotten. Well now, a few of those SAME PEOPLE have grown nuts and have told me that it is time to buy stocks again as we have bottomed this time. They also swear to me that they cut their loss last time. But who cares? The fact they were even thinking of buying these fugly stocks when they were in such nasty downtrends with no heavy accumulation and price volume was shocking enough. Especially when heavy distribution, red BOP to max red BOP, and RS lines hitting new lows were evident in all of these charts. How could any of these nut cases (Sandy Wright is the main freak who just can’t stop reading me–its like she wants me or something) look at those horrible chart patterns and then say “let’s buy those.” Well this insanity is continuing with them repeating now that they should be bought. Another dumb ass named Frank with another dumb ass named Joey Fatone has constantly tried to put up comments on how the market has bottomed and it is going higher. Well since Joey’s comment, the market is down 11.56% and since Franks INSANITY comment the market is down 15.84%. So nice recommendations guys. I am sure glad I know how to make the big money in the stock market, unlike you. You don’t believe me. Well since the market has been in a downtrend and I have been focusing on shorts most of the year and recently, I figure I will give you my returns since there are no new longs or shorts. Enjoy. I would LOVE to know how some of you are doing. Because I tell you, I have been doing this online since 2005 after starting in tokyojoe.com’s chat room in 1996 and people are becoming more rude than at any other time I have seen in my life. Is this jealousy? Instead of being jealous, you should embrace this methodology and come join me in the great battle for investors survivle.
The earliest short in this list was entered on 6/17/08 everything else comes after. After this I will list my current longs:
RGLD 15%, CPRT 7%, RDK 10%, CEO 50%, ATHR 36%, POT 57%, CAJ 38%, GGB 69%, CETV 74%, ARB 38%, OKE 37%, MOS 67%, SPW 61%, TITN 54%, SBAC 51%, CEDC 65%, AMX 55%, RIMM 54%, ENB 15%, APD 45%, SPG 35%, CYT 56%, SDA 69%, HXM 64%
So all of these gains you see came in UNDER four months!!!!!!!! And just how is this bad for investors?? It isn’t. It is only bad for people that do not understand how to make money when the stock market is falling. Haven’t you fine folks heard of shorting?
Or how about going long a few winning stocks like ANCI up 60% or QCOR up 15%.
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