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mjk

11/05/05 11:25 AM

#11031 RE: kedew #11030

sorry but I could pull up about 50 posts of his that said buy puts and hold on no matter what, "we're going down hard the next two months."

The one I posted was a day from the low...just because you were smart enough to trade in and out doesn't mean some other poor soul was. He had also said he put everything short "mostly in puts" leading into sept op ex and then rolled them out to oct two days before sept expiration since they didn't pan out either. I don't know how someone can continue to put everything into short term puts over and over and survive...and telling others to do that "or it'll cost them money" is about the most ridiculous thing I've ever heard.

I'm glad there are several of you that think everything is cool since he's now changed his stance, but there are several people who also think his cockiness came across pretty badly.