This just appeared in my inbox, and prompted what I imagine will be my first post in a year or so...
when I saw I'd predicted the COMPQ and INDU in early 2005 I thought "I wonder what they did?"
Crikey, I wish I'd shorted them back then <g>
Now just bear in mind this little story - if you go back to look at my short predictions in my last couple of posts, I should now be able to sell you a course on how to be as wise and all seeing... you'll be mega impressed that my short targets were both hit over the next couple of months, and in fact they dropped even further... at this point you may imagine a few pictures of Gulfstreams, Ferraris, and ladies with deeply plunging necklines and no visible means of support (Duck tape, as you asked),...
The reality is that it only looks good in retrospect, and the moral is "Don't invest money in courses -invest time in learning for yourself"...and if you don't seem to be hacking it, give up and go into real estate, fine wines, or the real money spinner of the 21st century - personal rocket boots.
(Come on, they'd be awesome - EVERY guy from 16 yr old plus would buy a pair).
Edited as I just saw AMIT's post:
Socrates and I chatted on the phone a few times, he was a very pleasant character 1 v 1 on the phone - he was somebody I would have been happy to spend an afternoon with over a few drinks somewhere pleasant. Do not, however, assume from what is seen here that Soc was necessarily somebody to learn from - he quite often posted quite clearsighted predictions that came good, at other times he predicted things that went completely the wrong way, and claimed he'd not actually made the trade after all.... there were a great many people who considered him (at best) inclined to play fast and loose with the truth/reality, although I think most of his detractors would agree he had at times an ability to nail things accurately that was beyond the ability of the majority. He was a dangerous character to have on a board that caters to a lot of newbies who have yet to learn how to avoid bad influences.
I think, personally, he was generally correct in his assessment of markets, but flawed by an overdeveloped ego that was disinclined to accept he could make mistakes - the usual result of such a mix is somebody who burns brightly for a while, but ends up broke. I hope he's living in comfort, for my own part - he could be quite annoying but I'm glad I 'met' him.
