We like to think that shorting in the Bear market will win big money. Is that really so?
Saturday, 28 March 2009, I wrote this post:
One honest Guru said that (but still many gurus are not telling us much about their losses in shorting the market), he gave back most of his profits built up from the last plunge.
This Guru was not any ordinary trader but the Chief Trainer and Strategist in one of the Kung Fu School of Trading in Singapore hor.
Read more? Does Shorting always win in a bear market?
14 Apr 2012 Createwealth8888's comments: This Guru continued to lose money despites he was one of those Kung Fu masters training many dsiciples to fight bulls and bears. Few months later the Guru also stopped blogging. Why did he stop blogging??? We can do our own thinking. LOL!
On Friday, 27 March 2009, I wrote this post:
Since STI has recovered 20.7% from its low on 9 Mar 09 at 1,457 , it is technically just at the gate of the BULL market. Let more bullies come and push the herd in. Is the rise mainly due to end of quarter Window Dressing? We shall see after next week.
One thing is that in forums we heard many shortlists Bear Paws were BBQ yesterday and some began to join the Bull camp.
Read? STI - sign of melting snow? Part 2
On 14 Apr 2012 Createwealth8888's comments: We like to think that we can catch the market rebound at Bear market bottom. But, the truth is that most of us can't as the market may rebound sharply and quickly in matter of weeks and not months.
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1 hour ago
Statistically, the market crash 50-60% from the peak. One can start buying when the market has crash ~50%; he can picks and chooses his 'dream' stocks as well as bidding lower price and likely that he will get it as sellers are dumping their stocks due to fear.
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