It was a year of something for everyone*.*Except the bears, LOLz...

It was a year of something for everyone*.
*Except the bears, LOLz those bears who cares about them.

This clown nailed the top of the market with that call, telling people what they want to hear is easy - for poor Andrew Clifford it's harder.

Criticising bears for being early is absolutely fair, in Jesse Livermore's book he talked about the decline in the hot stocks predicting the start of bear markets.
& he said buy the hot stocks that are going up during the bull, then get out of the market for good when the bear market starts (although he may have shorted in those instances - he made $100m in the great depression before going broke which should be a warning).

This advice has been well heeded by great trader/speculators of today like Stanley Druckenmiller, in this video Stan talks about covering his shorts 1 year ago because of low conviction (legend) and that he specifically hires young people to buy the hot stocks (for plausible deniability, as otherwise he would be engaging in market manipulation).

During the speculative market in 2020 Wall Set Bets pointed out that stocks are going up because the federal reserve is printing money, don't be an idiot bear get in on the action.


I personally have major issues with that, it may be legal but it's market manipulation nonetheless - there are a luck few who get out near the top (largely the cynical few) but there a much larger number of victims left holding the bag.
Citadel and other hedge funds act in a similar way, driving momentum with leverage but I will never do it.

By January 2022 (the time of the above post) the victims of Cathie Wood's ARKK basket of ponzi schemes were down by 50% from the peak with the S&P500 flat, that was the indicator I needed that sentiment had turned and I went short a bunch of ponzis. I have since covered them all down 80-90% with the exception of TSLA which I still have put options on.

We may go back to a speculative market where ponzi outperforms but that causes a lot of damage, when companies fail shareholders and employees both lose out. It's not someone anyone should hope for it's not a good thing it's a human tragedy.

Maybe you guys should reflect that the markets are not a casino and short-sellers are providing an essential function in reminding you of that fact.
As Stanley Druckenmiller and in fact every serious investor who looks at the problem will tell you, the extent of the speculation in 2020 and 2021 was so extreme that the likely outcome is that we are going to have a serious hangover resulting from it.

There are plenty of mistakes that people can and should point out about PTM but under performing the QQQ is not one of them, that's actually just a sign that they are doing their job and earning their fee even in the face of misinformed criticism around this issue. Some criticism is good if you are a shareholder or short-seller but it can be overdone.

PTM pays a dividend which supports the price of the stock, raising capital at $5 (or whatever it was) then buying it back at $1.7 is deciding to use the shareholders who for whatever reason have to sell out to you at a low price as a profit centre rather than to make a profit through the operation of the business as a fiduciary for all investors large and small. I know mine is an archaic view in today's rapacious age but I disagree with buybacks.

If shareholders want to use their dividend to buy more shares that's a different story and still an option open to you go for your life.