A buddy of mine -- love the guy, but same guy that was telling me about the "wonders of leverage" in 2007 -- recommended buying SOXX in a group text on June 4th. This is not a group of finance people -- just old party friends from my twenties. Needless to say, it was the ultimate contrarian indicator. I keep trying to generate income selling options (covered calls plus puts on stocks I am happy to own) and putting that new money into shorts, simply because the timing is so hard (and capital so dear). Will probably short SOXX on a bounce. Good luck, Mike!
A buddy of mine -- love the guy, but same guy that was telling me about the "wonders of leverage" in 2007 -- recommended buying SOXX in a group text on June 4th. This is not a group of finance people -- just old party friends from my twenties. Needless to say, it was the ultimate contrarian indicator. I keep trying to generate income selling options (covered calls plus puts on stocks I am happy to own) and putting that new money into shorts, simply because the timing is so hard (and capital so dear). Will probably short SOXX on a bounce. Good luck, Mike!
It's always when the normies start buying that you know the top is close!
Intelligent post Mike. I don't care for silver. Too volatile for me.