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Started By
Message
re: Dont let today's fools gold fool you.
Posted on 11/2/11 at 7:19 pm to Fat Bastard
Posted on 11/2/11 at 7:19 pm to Fat Bastard
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.
0
Posted on 1/3/12 at 10:46 am to JPLSU1981
haven't seen this thread in a while.
Posted on 1/3/12 at 11:48 am to Baylor
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 1/3/12 at 11:53 am
Posted on 1/3/12 at 12:06 pm to LSURussian
Posted on 1/3/12 at 12:13 pm to LSURussian
quote:
No, sir, you CAN'T be any more clear than that....
He forgot his 7.5% margin of error.
Posted on 1/3/12 at 12:35 pm to Chad504boy
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.
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.
Posted on 1/3/12 at 1:38 pm to TheHiddenFlask
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."
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 1/3/12 at 1:40 pm
Posted on 1/3/12 at 8:22 pm to JPLSU1981
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.
Posted on 1/3/12 at 9:05 pm to foshizzle
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.
Posted on 1/4/12 at 12:11 pm to Janky
ok, who in the hell bumped this damn thread?
Posted on 2/15/12 at 5:49 pm to Baylor
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.
Posted on 3/5/13 at 12:56 pm to TheHiddenFlask
I took this guys advise back in 2011 and now I'm broke.
Posted on 3/5/13 at 1:08 pm to notiger1997
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...
Posted on 3/5/13 at 1:10 pm to C
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 3/5/13 at 1:31 pm
Posted on 3/5/13 at 1:24 pm to notiger1997
Wow.
This post was edited on 3/5/13 at 1:28 pm
Posted on 3/5/13 at 1:54 pm to AUtigerNOLA
Posted on 3/5/13 at 1:57 pm to TheHiddenFlask
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.
Posted on 3/5/13 at 2:14 pm to notiger1997
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,
Posted on 3/5/13 at 4:44 pm to C
Bump. This is priceless.
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