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Alstry Quits?

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April 14, 2010 – Comments (19)

Well  I did predict Alstry's points would turn negative before the summer.  That event happened today.  Now looking at his bio he closed all his picks.  He used to mock the opinion's of others that disagreed or challenged him when they had negative points. To avoid hypocricy I would think he'd have to self-flagellate.

19 Comments – Post Your Own

#1) On April 14, 2010 at 6:02 PM, alstry (34.92) wrote:

In fairness to our numerous bantering back and forth.....

I knew that if my score went negative, the problems our nation faced was far greater than money.......

We are operating on a foundation of fraud of unprecedented proportions......how this plays out is anyones guess......

in all sincerity....best of luck....but clearly Alstry plays no value in this kind of stock environment......and my score reflects that....and since this is a stock picking game.....my skills as a fundemental analyst are useless.

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#2) On April 14, 2010 at 6:18 PM, dinodelaurentis (74.54) wrote:

I'll miss alstry!

A voice of reason against mindless optimism. Mostly... :-D

                                     Dino D.

P.S. This is sad. I'm going to miss him a lot!!

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#3) On April 14, 2010 at 6:28 PM, outoffocus (22.75) wrote:

Actually I agree with both the blogger and Alstry....weird...

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#4) On April 14, 2010 at 6:31 PM, weg915 (< 20) wrote:

So shines a good deed in a weary world.

 

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#5) On April 14, 2010 at 6:32 PM, atarigod (< 20) wrote:

Is this a market top? The greatest bear throws in the towel? Spooky!

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#6) On April 14, 2010 at 7:04 PM, outoffocus (22.75) wrote:

atarigod

Is this a market top? The greatest bear throws in the towel? Spooky!

Wow you may be right.  This may be the ultimate contrarian indicator. SELL SELL SELL!!!

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#7) On April 14, 2010 at 7:05 PM, TSIF (99.96) wrote:

Alstry sometimes provides good balance, but being a bear in full hibernation full time will leave you thin, old, poor, and wasted.  All bears need to come out from time to time and look for a few berries the rest of the world has left behind, else what's the point of ever coming out at all...

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#8) On April 14, 2010 at 7:24 PM, alstry (34.92) wrote:

A little parting humor....and a solution.  You think the MSM is a bit late on this one????

Visit msnbc.com for breaking news, world news, and news about the economy

 

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#9) On April 14, 2010 at 7:29 PM, UltraContrarian (31.20) wrote:

Tastylunch also went below 0 last week.  Never thought I'd see that happen.

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#10) On April 14, 2010 at 7:53 PM, ChrisGraley (29.65) wrote:

Time to red thumb all over again alstry!

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#11) On April 14, 2010 at 8:02 PM, 08PortfolioModel (84.79) wrote:

Binve is below, I think.

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#12) On April 14, 2010 at 8:11 PM, TMFBabo (100.00) wrote:

He used to mock the opinion's of others that disagreed or challenged him when they had negative points.

Yup, he used to say something like this: "my CAPS score kicks the backside out of your CAPS score."  

My real problem with alstry was that he provided little practical advice.  I have no problem with doomsayers if they at least give you a few realistic to-do items.

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#13) On April 14, 2010 at 8:21 PM, Option1307 (29.65) wrote:

Ya he was a tad over the top and repetitive, but he actually did provide some good info and links rather often.

What strikes me though, is not that he is quiting, but that Caps in general has become uber bullish after being uber bearish last year. Neither extreme is very helpful IMO and just goes to show how quickly we forget the past. Not a good thing if we ever hope to learn from our past mistakes.

Sad to see you go Alstry.

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#14) On April 14, 2010 at 8:31 PM, kdakota630 (29.46) wrote:

I have a feeling we'll still get 3-4 blogs a day from him and his Zombobulator.

I wouldn't have minded him so much if he didn't blog the same thing 50 different ways so often, or if didn't feel so self-important.

Personally, I just became alstry'd-out.

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#15) On April 14, 2010 at 11:01 PM, Tastylunch (29.20) wrote:

Re: Alstry- I'll believe it when I see it. I can't believe people actually think he's leaving blogging when's making such a big show of it.  I agree with  kdakota630 If he still isn't churning out 4 Alstrydamus announcement blogs per diem this time next month, well I'll be very surprised.

Frankly Floridabuilder leaving is the loss people shoudl be talking about. He's irreplaceable, but at least TMFDeej seems to be making picks again!

UltraContrarian

hah me neither! but some poorly timed redthumbs of my mine are getting really crushed as the worst of retail and casinos have been really flying. And I've bene ultra busy at work this year which has eally hut my concentration as well.

Given that here I refuse to close losing picks fo accuacy easons (unlike with eal money) that can be devestating. CAPS sure encourages some bad habits of mine!

C'est la vie. I'll just have to adjust and get it back. :) In the emantime I deserve whatever people want to say about it. :)

on another note I just looked at alstry's chart vs mine and it's scary how closely ours were corleated despite obvious difference in selection strategies. Guess this account was more tied to maket direction than I thought.

I'll have to study that when I have the time.

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#16) On April 15, 2010 at 6:13 AM, dragonLZ (99.59) wrote:

Alstry's portfolio was a victim of digitalization...

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#17) On April 15, 2010 at 2:03 PM, awallejr (85.54) wrote:

Well at least we still have Binve as our resident bear.  Should he capitulate then I would be worried.

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#18) On April 15, 2010 at 4:42 PM, rofgile (99.29) wrote:

So, in 2009-10, we all learned...

 That Alstry was wrong.  That things weren't so bad as the doomsayers spoke, and the world wasn't ending.

 Was that so hard to see?  Isn't it typically commonsense that "now is not the end of the world?" .   Especially since we relatively all are doing well, with most families owning a house, televisions, refrigerators, personal computers, cars.  There is not a major world war, and personal freedoms are relatively high in the world.  We've got lots of great things to be thankful for.

Alstry's failure was common sense.  Maybe he should start blogging now about all the companies adding jobs?  I can name a couple.

 -Rof

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#19) On April 21, 2010 at 3:36 PM, caterpillar10 wrote:

BAC is hiring like a mofu:)

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