Bearmove, haven't you caught on to the jerry olsen Houdini Strategy of extricating himself from tight spots he gets into? remember how Houdini ended up? That is how OJ is drowning in his call to hold all those "ETC" stocks. His plays are for a target well into the future so he holds until then. (He'll be gone soon enough anyhow so he isn't accountable to the present failures) What is the future target date? Well 2005 or 2006 it doesn't matter, as long as it explains away the current failures which are mounting and accelerating. The point is to take the 'heat' off the failure of the jerry olsen as a consummate failure as a daytrader or scalper or whatever he calls himself. He puts on the "long term hold" hat like he did with KLIC and TASR (among a dozen others "ETC") so all the scalps become long term IRA holds when it suits him and he gets 'into trouble' which is very, very often. Its been 3 weeks since he said the market would power up and he's holding everything and most traders have exited longs well in advance of 'earnings warnings season' (where he failed again to even remember there was such a thing) and now failing at the actual earnings reports.
His credo has been "HOLD August calls everyone, (July is not enough so instead of losing a dollar you will lose $5, we are holding until one day before earnings) hold all semiconductors and techs because we are powering up and whoever says otherwise is NUTS!! How can you decide in advance how long to hold if there is no technical set up? Don't do as I do folks, you know I stink as a trader' should be his motto. Most of us ignore him, however he's in a dangerous position on this thread because there are constantly newbies being added that might get caught in his 'trap' although it would only be for a day or two hopefully. This is why he feeds off this thread like a parasite for new 'hosts' to deplete them of their trading capital while he tries to right himself (I've fallen and I can't get up!) situation.
