Being a perma bear in one of the biggest technological revolutions just seems sad. I though AI was worthless until I wrote a research report on three tech stocks in a matter of 5 minutes. That task would normally take me an entire work day. Productivity is going to hit record highs. Its not a revenue story, its a profit margin story
As a bear, there should be no shame in making money on an up market. After a short correction when your target is oversold, drop a put credit spread against the long put for that fat time premium (making a ratio back spread). Let the time premium decay to nothing as the chart goes through a bear flag pattern/pullback in time. Then let the price drop run its course for awhile. I'm doing that right now with KRE, without apologies. If the price keeps motoring down, then you lose a little on the credit spread and make it up on the long put.
This guy has accurately predicted 35 of the last 2 bear markets.
Great presentation. Good luck. 👍🏽
Being a perma bear in one of the biggest technological revolutions just seems sad. I though AI was worthless until I wrote a research report on three tech stocks in a matter of 5 minutes. That task would normally take me an entire work day. Productivity is going to hit record highs. Its not a revenue story, its a profit margin story
Speghetti AI to the moon.
As a bear, there should be no shame in making money on an up market. After a short correction when your target is oversold, drop a put credit spread against the long put for that fat time premium (making a ratio back spread). Let the time premium decay to nothing as the chart goes through a bear flag pattern/pullback in time. Then let the price drop run its course for awhile. I'm doing that right now with KRE, without apologies.
If the price keeps motoring down, then you lose a little on the credit spread and make it up on the long put.
Amen.
I'm liking WDFC (WD-40) Old school, quality product; trades to a pattern.
I don't like it, it's PE + dividend means it's actually as expensive as nvidia