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Another 8%-9% In 3 Days On Our Call To Be Long Financials

April 19, 2008 12:30 AM

Ok, the week ended strong. Another 8%-9% on our call to be long financials and the ETF XLF. We are still 100% on our calls. I would have to do the math, but guessing that our calls would have returned 30%-40% in 1.5 months. That doesn’t even count our indirect calls to “avoid” this stock here….etc….so far higher in reality. These are JUST the specific calls. We are printing money for our readers faster than “helicopter Ben” is printing the peso…errr…dollar. Not to downplay the “long term’ investors, but this is why i see zero point in a “long term” view, as I have mentioned. Our calls are up more than the entire return for 10 years on the SP 500….TODAY alone. I fail to see the importance or relevance of a long term view. Last time i checked, there is one reason, and one reason only to be be interested in the stock market, and that is MONEY.

 We posted our call plain as day for EVERYONE alive to see pre-market 04/16. If we were wrong, we would look rather stupid. Point being, this isn’t the “Monday morning Quarterbacking” that Fast Money and other sites do. If we were wrong, we were wrong, period, and everyone would know it. But once again - we weren’t.

  Like I have mentioned many times, we WILL be wrong…eventually. Probability makes being wrong once in a while a certainty. I am just getting concerned that people may think we are NEVER wrong and take too much risk. Just because we have been right every time for 2 months straight….do not think we will always be right…that isn’t possible. You have to mitigate risk in relation to returns, and we do that with our SB numbers…

 It is ok to say THANK YOU once in a while…ha.

Written by Tom@StockBlade.com · Filed Under XLF 

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