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Flashback
LSU Fan
reading the chicken bones
Member since Apr 2008
1059 posts

re: Dont let today's fools gold fool you.

The problem with those inverse ETFs that Baylor was touting is that they decay if the market moves too much in the upward direction. He's probably ok if he bought at 1220 right now but if the S&P moves up another 100, he's going to have trouble recouping without a dramatic turn in the other direction.


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JPLSU1981
LSU Fan
Baton Rouge
Member since Oct 2005
17636 posts

re: Dont let today's fools gold fool you.
haven't seen this thread in a while.



Chad504boy
New Orleans Saints Fan
Greenbriar WV
Member since Feb 2005
91431 posts

re: Dont let today's fools gold fool you.
1284 HOLLA


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LSURussian
LSU Fan
Member since Feb 2005
85179 posts

re: Dont let today's fools gold fool you.
quote:

You will not see over 1220 reached again until after it goes below 800.

Bookmark that statement.

I cant be anymore clear then that.


No, sir, you CAN'T be any more clear than that....
This post was edited on 1/3 at 11:53 am


TheOcean
Florida State Fan
Member since Aug 2004
32758 posts

re: Dont let today's fools gold fool you.


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Chad504boy
New Orleans Saints Fan
Greenbriar WV
Member since Feb 2005
91431 posts

re: Dont let today's fools gold fool you.
quote:



No, sir, you CAN'T be any more clear than that....



He forgot his 7.5% margin of error.


TheHiddenFlask
Clemson Fan
The Welsh red light district
Member since Jul 2008
17798 posts

re: Dont let today's fools gold fool you.
This thread needs to be remembered next time someone accuses us of being bullies.

This guy convinced some idiots that he knew something when it was obvious he didn't. He offered no facts or justification, but people still took his advice.

The worst part is that these guys always go off into the night, never to be seen again, if they are right, they gloat and call everyone else fools.


JPLSU1981
LSU Fan
Baton Rouge
Member since Oct 2005
17636 posts

re: Dont let today's fools gold fool you.
In his defense, I do believe he actually thought he had some insider knowledge/information of what was to come. He actually believed in his mind what he was being told was 100% going to happen.

Of course, as we all know, there's no such thing as a sure bet - especially in the shortRun - in the markets. And that's the reason he got so much criticism from many in this thread.

It's one thing to say..." I really think ____ is going to happen, but of course there's no way to know for sure."

It's a completely different animal when someone says "My guy tells me this stuff, he has never been wrong, I guarantee you this will happen. I WILL NOT be wrong. I will be laughing all the way to the bank because there is no doubt I am right and I can't be any clearer."
This post was edited on 1/3 at 1:40 pm


foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
32159 posts

re: Dont let today's fools gold fool you.
quote:

In his defense, I do believe he actually thought he had some insider knowledge/information of what was to come. He actually believed in his mind what he was being told was 100% going to happen.


Most of them do believe they are right. This is no defense, it just means they are honest fools instead of charlatans. Often the former is more dangerous because they really do believe what they say.


Janky
LSU Fan
Team Primo
Member since Jun 2011
11145 posts

re: Dont let today's fools gold fool you.
quote:

Most of them do believe they are right. This is no defense, it just means they are honest fools instead of charlatans. Often the former is more dangerous because they really do believe what they say.


Like Obama . Oh sorry, wrong board.


Fat Bastard
LA-Lafayette Fan
Paradise
Member since Mar 2009
18932 posts

re: Dont let today's fools gold fool you.
ok, who in the hell bumped this damn thread?


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TheHiddenFlask
Clemson Fan
The Welsh red light district
Member since Jul 2008
17798 posts

re: Dont let today's fools gold fool you.
quote:

I would suggest getting in large on SH,SDS
and URPIX. This bear market will be very choppy.

Today is a good opportunity to prepare for the the fall down to the 1000 level.

If you have a margin account you can also short
SPY and SSO to put the slippage in your favor.

Im told that we will be hitting the 1000 point mark in as few as 15 trading days.

If this happens and you are in one of the above it will be very profitable.

Good luck.


Bump.


notiger1997
Member since May 2009
26054 posts

re: Dont let today's fools gold fool you.
I took this guys advise back in 2011 and now I'm broke.


C
LSU Fan
The Woodlands, TX
Member since Dec 2007
23190 posts
Online

re: Dont let today's fools gold fool you.
quote:

I took this guys advise back in 2011 and now I'm broke


Man I hope you aren't serious. I did my very best...


notiger1997
Member since May 2009
26054 posts

re: Dont let today's fools gold fool you.
quote:

Man I hope you aren't serious. I did my very best...


Oh hell no.

I saw where Russian linked this thread in the other discussion, so I thought it would be funny to bump it up.
This post was edited on 3/5 at 1:31 pm


AUtigerNOLA
Auburn Fan
New Orleans, LA
Member since Apr 2011
11977 posts

re: Dont let today's fools gold fool you.
Wow.
This post was edited on 3/5 at 1:28 pm


JPLSU1981
LSU Fan
Baton Rouge
Member since Oct 2005
17636 posts

re: Dont let today's fools gold fool you.


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Meauxjeaux
Memphis Fan
90248 posts including my alters
Member since Jun 2005
19133 posts

re: Dont let today's fools gold fool you.
quote:

If you have a margin account you can also short
SPY and SSO to put the slippage in your favor.


Apparently Baylor had to hock his PC so he can't post here anymore.

I wonder if his rich buddy could lend him some wifi time someday soon.


C
LSU Fan
The Woodlands, TX
Member since Dec 2007
23190 posts
Online

re: Dont let today's fools gold fool you.
Man I reread this whole thread... I really feel bad for a few folks. I hope they didn't follow him off the cliff.

quote:

saw where Russian linked this thread in the other discussion,




Vols&Shaft83
Tennessee Fan
Throbbing Member
Member since Dec 2012
27387 posts

re: Dont let today's fools gold fool you.


Bump. This is priceless.


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