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helicopterfool (25.66)

Dont follow TA, Fundamentals or your Gut

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May 18, 2009 – Comments (9)

Instead of following TA, fundamentals or common sense - do the opposite. 

For example, if you think our economy has some huge serious issues, that many of the nation's biggest banks are technically insolvent, - then go long and consider buying FAS/shorting FAZ.

Or if you think that unempoyment will continue to rise, BUY the market, buy retailers and especially BUY consumer discretioneries.

If you think the market is overvalued that this rally from the March 9 th low has come too far too fast, dont short the market - DOUBLE DOWN on the market. 

On the other hand, if you think this market is going to continue to rise, you might want to consider shorting the market - at least thats what it feels like I should be doing.

It will take me some time to do the analysis on this, but I think the numbers will prove it to be true.

 

I am considering changing my Caps name to Mr Opposite.

9 Comments – Post Your Own

#1) On May 18, 2009 at 1:11 PM, binve (< 20) wrote:

helicopter, LOL! That was awesome! You know what I think I need to start implementing that strategy. It is basically a Bizzaro marketplace right now, and so I think it calls for a Bizzaro strategy :) Thanks man.

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#2) On May 18, 2009 at 1:24 PM, tdoodler (24.68) wrote:

You could be on to something

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#3) On May 18, 2009 at 1:37 PM, binve (< 20) wrote:

Kind of like George on Seinfeld during the Opposite episode.

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#4) On May 18, 2009 at 2:20 PM, russiangambit (29.90) wrote:

Yep, just close your eyes and buy, buy, buy.

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#5) On May 18, 2009 at 2:24 PM, helicopterfool (25.66) wrote:

Thanks Guys,  I think George would be making a killing in this market.

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#6) On May 18, 2009 at 2:58 PM, synergize (32.16) wrote:

trading is not just picking the right stock using TA, fundamental analysis or common sense. you need money management skills.

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#7) On May 18, 2009 at 3:14 PM, checklist34 (99.79) wrote:

lol

i'm sure not getting into day trading...

a guy in the office here is 3x his money primarily from day trading BAC.  he decided last friday that he thought BAC was done for a whiel and sold out.  He says he won't buy in again unless it gets to 8ish. 

he has no idea what he's talking about, and he fully genuinely knows he has no idea what he's talking about, but so far his guts haven't had poo for brains.

my guts have consistently had poo for brains.

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#8) On May 18, 2009 at 6:56 PM, nuf2bdangrus (< 20) wrote:

Market will rally until all of the suckers have come in, and all the secondaries are done....thus "public financing" will have been the means used to recapitalise the banks etc.  But earnigns will be subpar.

 

I guess I gotta hand it to the Treasury.....and GS.  This was an incredibally well engineered rally feeding off of human emotions.

 

If banks are SELLING, and the publis is BUYING, then the top is near.

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#9) On May 18, 2009 at 7:01 PM, horseseven (21.97) wrote:

This entire "RALLY" is due the largest PONZI scheme ever derived.(ie. government money out .....not enough coming in!) The STREET plays right along purposely understating earnings (eg. LOWES today>>> one half the earnings down from a year ago.....yet, beat the street estimates of 25 cents.) UNREAL AND WILL NOT LAST ONCE THE MARKET WISES UP!

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