I was not so right about the market as a whole back then, but as far as I'm concerned it has rallied too far too fast in this PHONEY economic recovery. I'm still bearish and believe it's not a good idea to buy ANY stocks for quite some time, especially an unprofitable airline stock.
I'ts nothing more than Helicopter Ben's Bubble money that has propelled this market to rally for so long.
I have no delusions that I can swing trade successfully in what I believe to be an overvalued market.
In fact I no longer have any delusions that I can trade short term and consistently make a profit. I was wrong about that too. I think short term trading is for suckers and MOST traders lose in the long run. Much study and experience the last several years has brought me to that conclusion.
There is a time to buy and a time to sell.
One of these days the bear will come out and play. I will be ready to pick up the bargains...
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