On December 23, 2008 I wrote:
The signal I was expecting has arrived.
BLOOD IS FLOWING ON WALL STREET.
The co-founder of an investment advisory firm that lost $1.5 billion in the Madoff scandal was found dead Tuesday in an apparent suicide in his Manhattan office, police said. Thierry Magon de La Villehuchet, 65 years old, was pronounced dead about 8 a.m. New York City police said they believe the death to be a suicide but were awaiting results of an autopsy to be completed Wednesday.
THE TIME HAS COME TO BUY STOCKS.
I was right. The TASE (Tel Aviv Stock Exchange) lifted 62% in US dollars since the Signal. I made up part of my losses and am about 60% of my maximum.
The signal I was expecting has arrived.
BLOOD IS FLOWING ON WALL STREET.
The co-founder of an investment advisory firm that lost $1.5 billion in the Madoff scandal was found dead Tuesday in an apparent suicide in his Manhattan office, police said. Thierry Magon de La Villehuchet, 65 years old, was pronounced dead about 8 a.m. New York City police said they believe the death to be a suicide but were awaiting results of an autopsy to be completed Wednesday.
THE TIME HAS COME TO BUY STOCKS.
I was right. The TASE (Tel Aviv Stock Exchange) lifted 62% in US dollars since the Signal. I made up part of my losses and am about 60% of my maximum.
Addendum: TASE 25 YTD.
3 comments:
In December you were still 2.5 months early.
That makes his timing about a month better than Buffett's (wasn't Buffett's NYT op/ed published in November of last year?).
Thanks for the comment. I added the TASE (Tel Aviv Stock Exchange) YTD (Year to Date) graph. I did not call the best moment, but for an amateur investor, it was not too bad.
However, the run on Lehmann and its collapse cought me with my pants down. Not that it was too difficult to feel that it was coming, even my banker told me to sell just a few days before.
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