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Is Gartman About To "Gartman" Himself?
Dennis Gartman provides a trade update on one of his top trade recommendations:
Long of One Unit of the S&P/short of One Unit of the Russell 2000: We were sellers Monday, May 4th of the Russell and we were buyers of the S&P, for the chart of the former is ominously bearish while the chart of the latter is interestingly bullish. We’ve done equal dollar sums on both sides of the trade and for now we’ll not wish to see the trade more 2% against us. As we wrote the June Russell 2000 was trading 1222 and the June S&P was trading 2099.50.
This morning they are 1253.50 and 2119.50 respectively, so we are now behind by 2.6% on the Russell and are ahead by 1.0% on the S&P. For now we shall sit tight but we are swiftly approaching our stop point, which is a 2% loss.
So is Gartman about to "Gartman" himself? For the answer to this exciting question, check back after the close.
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Click.... cha ching.
Don't do it Dennis!!!
We Gartmanned some folk...
Lower left to upper right... or something like that!
1%?
All that bullshit and risk to try to grind out 1%.
is gartman the real fed chair and yellen a mere figurehead?
My barber’s Brother in law’s Nephew with a BS in Labor Studies works part time 29.5 hours a week at Home Depot and has a monthly take home check of $681.45.
If you want in on this great part time job go to PartTimeObama.com and sign up!
HaHa! Your barber's Brother in law's Nephew? No shit?? Really??? LMAO!!
Aren't you supposed to finish with "Here's what he did" and a link?
He's probably a bagger. Here is an example of his work: http://static.fjcdn.com/pictures/Home_2c1729_350729.jpg
OTOH, He might be a she, which is nice in this case: http://farm2.static.flickr.com/1352/634190651_e120582bc2.jpg
I love the royal 'we' he uses... we shall only loose 2% this week
I’m trying to do the opposite of what I’m thinking without thinking about it.
Dennis
Someone dropped this blovating twit on his head during his first week at the Kindercare finishing school for abandoned orphans...
Gartman can at least admit when he's wrong.
http://www.businessinsider.com/dennis-gartman-admits-he-was-wrong-2013-5...
But he can't admit, it seems, that really, he's just guessing.
Setting stops 2% below your buy price will surely result in losses on most trades.
Long TZA here.
Gartman is one of the most over-rated blowhards in all of finance.
I'd rather get my investment advice from Cartman than Gartman.
Gartman Coat of Arms:
"mentior ergo me existere" (I am wrong therefore I exist)