Monday, January 14, 2013
Ok but for real this is huge. This is real life and it's happening right now and we should be chomping at the bit to get in on this volatility. You are about to do battle in one of the most legendary battles traders have ever lived and died for and all I want to know is one thing, who's side did you fight for? Where were you when the walls of 500 broke? Ok that's two things but still, are you stoked or what?
Like Helms Deep in T2T (the two towers)- we have our line in the sand (500) and all will seem lost if that line gets broken. And like T2T, it seemed extremely important to hold the wall or the goblin hoard would surely overwhelm us...Well be prepared for the wall to burst and the goblins to come pouring on in.... defeat will seem all but certain (just like the movie) but tthe battle is not lost ........(dramatic pause) .............as we all know.... (still pausing) ...............- the tide suddenly and irrevocably turned when Gandalf (news) arrived from the North (China) and at the last minute his army of horseman (buyers) quickly defeated the evil orcs (short sellers) of Saruman (Gundlach) and the journey to Mordor to destroy the ring continued.
My point is whether or not 500 breaks this week doesn't matter. We know Gandalf is coming. News is on the way - we just have to hold on tight till light breaks on the 23rd day of January - if we can stay alive that long, we will live to fight another day.
My strategy going into this ER is long and longer. Im not hedging and I'm not "playing it safe." Things are about to get ugly- but in times like these you need to remember your LOTR scenes. Hang in there, Gandalf is coming...
Next week: How regular TV is like "the ring" and why we have to go to Mordor (the cable companies) to destroy it
The information / strategies presented are my own opinions. You should do your own due diligence and analysis of any investment strategy.