Thursday, June 26, 2008
Ought O Spagetti O'sssssss!
Look, folks. I don't want to say I've told you so. I've warned you, I've begged you - PLEASE SELL YOUR STOCKS!!! PLEASE GET OUT!!! Investors are going to get MURDERED in this market. If you are not heeding it, which is your perogative, then may your financials rest in peace. The DOW will be UNDER 8000, and the Nasdaq will be under 1500 in a land not so far away. In fact, the DOW could see 5000s and the Nasdaq could see under 1000. You need to wake up and smell REALITY. Stop throwing your hard earned money away! Just stop! Sell now and regroup. There are other ways to make big returns in the market. You can try trading with us. You can try Forex, you can try shorting every bounce here. You can try hedging your investments at least to protect yourself! We can teach you all that and more. What we can't teach you is how to not lose money as an investor because if I'm right then this is going to get VERY VERY bloody. VERY. MUCH worse than 2000 to 2003. I expect several LARGE banks to go under. I expect MANY regionals to go under. And, I expect GOOG to see $100s by the time this is over with. Many chided me when I said on National TV and National Radio and in print that oil would be $100 and then $150 that I was crazy, that I was dumb, that I didn't know what I was talking about. The clips, some of them, are on the site in our media center at www.trendfund.com go see for yourself. I hope I am wrong, but I don't think I will be. You want an investment? SKF. Buy that and hold it for a year, I think you'll be quite happy. It should be north of $250. It's the inverse on the financial sector, so its a good way to play that sector short, by buying SKF long. OK, now you want to hear the crazy part of todays blog? I think we will get a HUGE bounce shortly. I'm not calling it here, sorry. My clients pay too much money, so you'll have to join some service to hear it. Hey, maybe it'll be wrong, but I have a sneaky suspicion it won't be. Nothing goes up or down in a straight line. Let me tell you something, over the years my experience is that when GS (Goldman) makes a call like they made today on C, adding it to their conviction sell list (where were they when it was $30s and I said it would be under $10?) there is usually an alterior motive. I have a sneaky suspicion of what that might be, and I plan on playing it pretty strongly soon. If we gap up on no news tomorrow, which we're up on the futures now, it's a pretty safe short, folks. I doubt we're going very far on a Friday after a move like we had today. Better chance we get a further extension down then a huge rally/bounce. But, we'll see. Tiny likes a Bob and Weave day and I agree. I think we fade the intial move, then try to fade it again the other way, and then fade that again. But, if we do get a trend day on no news you'd have to say better shot its down then up, right? Monday we are doing our SMALL CAP MONSTER class. We have 3 new Small Cap Monsters ready to roll out. I think you all should attend the class. I'll post the info here tomorrow, please sign up and get some real solid, in my opinion and though there are no guarantees, some really solid small cap plays! Our 1st Two Small Cap monsters are holding strong and moving higher even in this insane market! Just remember, when the DOW is sitting under 10,000 this year and if you keep investing, just remember who told ya to GET THE FREAK OUT NOW! The worst is yet to come and investors need to wake up and smell the proverbial roses, the coffee pot is boiled over, babies. This sucker is OVERDONE and OVERDUE. Even as I write this the Dow futures are up over 20 pts! Why? Investors die hard, but in this market they will die, I believe. Don't hate me cause I speak the truth, embrace it and learn to earn! Email me if you want to sign up for a service and I'm happy to help you do so. email@example.com See ya on the other side, Michael "Waxie" Parness