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clock Created with Sketch. 09/05/23
12:24
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Originally posted by Darkstone:
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He plays both sides of the trade - short and long. So while most of us are stuck minimising losses and generating free cash only in a falling market he is able to make profit. Many people are annoyed with him because in the early days of Li stock volatility his negative forecast posts tended to come across as gloating, arrogant and entirely unsympathetic as people lost tens or hundreds thousands when the Li stocks crashed - particularly in 2018'ish. However, in his defence, he tended to be pretty accurate with the downside targets - which he stated, and if you learned to read between the lines and ignore the tone he clearly showed what he was doing in his combination of sentiment and holding notes. He could have just shorted the stocks and told no one, but he in fact announced ahead of time what he expected to happen, and where he was going to exit and when he had he tended to state what he exited at.
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Yep 100% ASB is one of the few 'downrampers' that I actually pay attention to when they make a call. They call the direction they think it is going, state the reason they think that, post their entry and their exit. I'm a LT holder so it's inconsequential to me either way but it's nice to have a bit of a heads up with some reasoning before a fall in SP rather than being blindsided. I've been able to get some cheaper top up entries because of them too which is always nice
(20min delay)