Randy, I swear I can say it a million times and you guys just don't get it. I have been wrong obviously in charting MRVL overall, but if you've paid attention, I've been right many times too.
I've proven the fact that technicians overall lose money because they don't trade the facts, they trade the historical patterns. And, most don't even do that correctly.
MRVL has made numerous clear reversal patterns that have numeriously failed. However, as I mentioned numerious times, this stock is an investment for the long term that I recommended you COLLAR numerous times. Therefore, in the end, I, along with many who took my advice, will come out far more ahead than you guys who are short term traders looking for a buck here and there.
I think it's been all but proven that MRVL has no fundamental problem other than a short term cycle downturn in HDD. But that's not why we're trading at $15.50. Had this options BS never happened, MRVL would probably be trading at $25 and not $15. MRVL is a growth tech stock, not a company going out of biz as the stock price clearly would suggest to someone who just looked at the stock and didn't know anything else.
If I'm right in the end, and I say that with a let's say 1 year time frame, then when you guys sell at about $19 to $21ish I'm guessing, I'll be sitting here with a stock position that has generated me far better returns than any of you short term guys will even hope to make over the next 5 years. I say that because everytime I suggested to either short calls or both buy puts, it's lowered the cost basis on the stock making the net decline really not an issue overall.
You don't get rich in the market constantly trading. Very few do it. There might be 100 people in the country that can do it. You get rich by slowly grinding out profits by hitting the large ones. I think MRVL had, and still does have that potential. As long as it still does have it in it, then this short term BS we're going through will end up just being that. I think it was Buffet who said that all you need in your investing lifetime is a couple big ones to make you wealthy.
Even if MRVL's growth rate gets cut in half, the stock could easly triple over the next 5 years. I have no way of knowing that for sure, but I think it could.
It's completely foolish to say that 'there's so many other investments I could have made' bla bla bla. You have no way of knowing that. MRVL could have just as easily finished this a year ago or 6 months ago and then BAM! the stock is at $25. That's what we all figured. But we were wrong. No one knew this would end up being what it was.
But in the end, MRVL will be just fine.
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