I've learned over the years that those who talk about "overbought," "stretched," "irrational" etc etc market moves usually either hadn't participate in the moves, or had unsuccessfully fought them.
I'll not buy puts until I see a death cross, but yes I sat the last month out as The Market exploded to the upside, right when Surf began feeling proud of his open short position.
My systematic trend following fund decided to go long Nasdaq <i>for the first time</i> just a few weeks ago, so.. this must mean a crash is just around the corner
I tend to agree with you . There may not be any such thing as those terms describe as stocks climb toward infinitiy. By the way BIOD is bidding 5.75 in the pre market. We may see the double before it was expected. surf
Surfers and surfettes, BIOD has broken $6 on the upside and is pushing higher. We are holding here. Its a very powerful price driver catalysts in play now.
We don't trade for a living, never said we did. We trade for supplemental income, and to test ideas, no pretending here. I work with a small team of researchers. any other questions?
After posting a high of $6.08, a bit of profit taking has hit BIOD----- we are expecting it to take out these highs permanently very soon. surf