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re: I got out of equities on Thursday because of advice from someone I respect

Posted on 8/4/11 at 1:26 pm to
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 8/4/11 at 1:26 pm to
Don't come off as bitter, bro.
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 8/4/11 at 1:31 pm to
quote:

Baylor




Well played. It's all in good fun.
This post was edited on 8/4/11 at 1:32 pm
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 8/4/11 at 1:31 pm to
I mean, can I make a thread saying a friend told me its going to go up and bump it every time there is a 4 or 5 day rally?
Posted by I Love Bama
Alabama
Member since Nov 2007
37715 posts
Posted on 8/4/11 at 1:31 pm to
quote:

Baylor
Posted by Baylor
Member since May 2009
523 posts
Posted on 8/4/11 at 1:36 pm to
Just having fun fellas.

I did not take it personal when LSU Russian threw the mini rally we had a few weeks ago in my face personally.

I dont expect Russian or anyone else to take it personally in the other direction.


Hopefully we can hit bottom sooner then later.
I hate shorting the market. I would much rather be long then short.

Shorting does not feel natural to me.
This post was edited on 8/4/11 at 1:38 pm
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 8/4/11 at 1:43 pm to
I am actually pretty short as a person so I'm quite comfortable with it.
Posted by Sid in Lakeshore
Member since Oct 2008
41956 posts
Posted on 8/4/11 at 1:44 pm to
quote:

Baylor




Nobody is in a good mood today. Please don't rub salt.

Posted by Y.A. Tittle
Member since Sep 2003
101396 posts
Posted on 8/4/11 at 1:44 pm to
Vaguely recall this thread, but don't know if it was ever addressed.

What superior vehicle did you move your money to?
Posted by Baylor
Member since May 2009
523 posts
Posted on 8/4/11 at 1:47 pm to
Nothing really superior.
But not losing money is almost as good as making money.

My buddy who supplies me with this tips is making a fortune with options, but I dont do that.
Posted by Y.A. Tittle
Member since Sep 2003
101396 posts
Posted on 8/4/11 at 1:56 pm to
I was asking where you put your money, though.
Posted by tigerskin
Member since Nov 2004
40242 posts
Posted on 8/8/11 at 5:16 pm to
let me know when your friend says to get back in.
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72635 posts
Posted on 8/8/11 at 8:24 pm to
why aren't you shorting and making money going down and then back up when your buddy gives you the green light?!?!?!?!?!?!?!?!?!?!?!
Posted by Baylor
Member since May 2009
523 posts
Posted on 8/8/11 at 11:13 pm to
What other reason do you people need other then the fact that I have been 100% right.

I told you guys just 5 weeks ago when all of you were excited about the bear market rally you had a few weeks ago it would go down to 1100 before it hits 1400.

5 weeks ago when I made that statement it was at 1360, just 40 points short of 1400 and over 260 points short of 1100.

There is a GREAT chance that the market will hit below 1100 tomorrow.

As a matter of fact I spoke to my buddy today and he confirmed that we are less then 15 trading days away from going below 1000.

Of course all of you are going to laugh at me again and tell me how stupid I am just like the other 5 predictions that I made came 100% true.

All I can do is state my predictions. I cant force people to follow them.

Keep laughing at my statements.
This post was edited on 8/8/11 at 11:45 pm
Posted by Baylor
Member since May 2009
523 posts
Posted on 8/8/11 at 11:19 pm to
quote:

Thanks for bumping this thread. Was just about to bump it myself. I asked my buddy about this rally and he said it will to to 1100 before it hits 1400. No such thing as a straight line bearmarket. See you guys in October when/If I get back in.


The above is my post from about 5 weeks ago when the market was almost at 1350ish.

Of course I got laughed at.

We WILL see 1100 tomorrow,and 1000 very soon.
Posted by TulaneLSU
Member since Aug 2003
Member since Dec 2007
13298 posts
Posted on 8/8/11 at 11:20 pm to
Baylor, hard to argue with the results. What is your buddy telling you to buy and at what point?
Posted by I Love Bama
Alabama
Member since Nov 2007
37715 posts
Posted on 8/8/11 at 11:22 pm to
quote:

What other reason do you people need other then the fact that I have been 100% right.

I told you guys just 5 weeks ago when all of you were excited about the bear market rally you had a few weeks ago it would go down to 1100 before it hits 1400.

2 weeks ago when I made that statement it was at 1360, just 40 points short of 1400 and over 260 points short of 1100.

There is a GREAT chance that the market will hit below 1100 tomorrow.

As a matter of fact I spoke to my buddy today and he confirmed that we are less then 15 trading days away from going below 1000.

Of course all of you are going to laugh at me again and tell me how stupid I am just like the other 5 predictions that I made came 100% true.

All I can do is state my predictions. I cant force people to follow them.

Keep laughing at my statements.



While I appreciate you sharing your friends predictions with us, please drop the arrogant attitude. We have enough posters who think they know everything. Don't add fuel to the fire.
Posted by Baylor
Member since May 2009
523 posts
Posted on 8/8/11 at 11:31 pm to
quote:

Baylor, hard to argue with the results. What is your buddy telling you to buy and at what point?


I dont have an options account yet. I have been spending 2 years learning the complete process on how to trade options.

So my hands are a lot more tied then my buddy.

I will be opening my margin account in a few more months once I finish my final options course.

So for right now I am just trading ETF's

symbols: SH longterm, with some in and outs with SDS
Posted by Baylor
Member since May 2009
523 posts
Posted on 8/8/11 at 11:33 pm to
quote:

While I appreciate you sharing your friends predictions with us, please drop the arrogant attitude. We have enough posters who think they know everything. Don't add fuel to the fire.


Dont know where you get the arrogant attitude from.
I have said at least 10 times in this thread that I dont know shite about the market.i

I have been spending hundreds of hours learning the options trade, and I still dont feel comfortable with it yet.

I have a long way to go.

I am just smart enough to know who to listen to.

I am smart enough to know that I dont know.

Sometimes its not what you know, its who you know.

This post was edited on 8/8/11 at 11:36 pm
Posted by Baylor
Member since May 2009
523 posts
Posted on 8/8/11 at 11:43 pm to
After re-reading this entire thread I think my confidence in my buddy came off the wrong way.

I just wanted as many people as possible to follow my advice because I knew that if they did it would save them a lot of money.

I have seen this guys work, I have benefited greatly from, I continue to benefit from it daily, and just wanted other people to receive the same great advice and make money.

He has this stuff down pat.
Follows the insiders, and is in out ahead of the crowd.

Good luck everyone.
I guess I will leave it alone now.

This thread is rubbing people the wrong way which was not my intention.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 8/8/11 at 11:50 pm to
I don't think it is. I literally re-read the entire thread just now, and aside from a few posts, it seemed like most people went along with you because you were straight up. You said from the get go you didn't know what you were talking about, just passing along information. While thats obviously shifty on the surface, its infinitely better than some of the other jokers that come on here nowadays. Can't argue with the facts on the table.
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