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IBDvalueinvestin (98.34)

Gartman goes to cash today, Cramer says don't buy dip.

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October 14, 2014 – Comments (4) | RELATED TICKERS: SOXS , SOXL , SQQQ

Well, folks there you have it.

The bottom just happened, hopefully you didn't take their advice.  

4 Comments – Post Your Own

#1) On October 15, 2014 at 7:35 PM, IBDvalueinvestin (98.34) wrote:

Or we could have a truly black swan event with Ebola? It seems that the country I thought would be best equipped to handle this virus is failing badly (USA). How a second nurse could be allowed to board an airlene and fly with the Ebola in her system is beyond me. I thought all people that had contact with the infected man from Liberia had to be quarantined for 21 days? How did she not make this list?

Then we have an upward guidance for Intel and it still falls almost 3% which is a 6% swing from where it was trading afterhours yesterday after the report. Then afterhours today we get a bombshell guidance by NFLX and it falls -$115/sh down -25%.

Looks like the taking heads might have been correct for once.  

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#2) On November 06, 2014 at 11:09 PM, OklaBoston (59.63) wrote:

I'm no Jim Cramer fan but would say wasright about not buying on the dip.

 This, as I said in my red thumb pitch, will have to beat  earnings estimates to stay above $91.

 The earnings estimates  I'm talking about come from http://www.zacks.com who'se methodology is based entirely on changes in estinates so the site has strong motivation to provide accurate numbers.

 Even a self-promoter like  Cramer is going to be right occaionally.

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#3) On November 06, 2014 at 11:21 PM, OklaBoston (59.63) wrote:

MY mistake.

 

I got mixed up on which stock I was talking about inthe above comment. 

 

Still no Cramer fan  but he can't always be wrong anmore than he can always be right. That much I got right in the above.

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#4) On November 12, 2014 at 6:27 PM, IBDvalueinvestin (98.34) wrote:

Well after Monday quarterbacking we can all say Cramer and Garman were both extremely wrong saying not to buy the dip 3 weeks ago.

Thankfully I did the exact opposite and loaded up heavy. 

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