AN ETHICAL DILEMMAThe Monday Massacre posts were my doing. I do not take any credit for moving markets. I'm fairly certain that I have exactly zero power to do that.
Nevertheless, would it be ethical for me to jump in and start buying thousands of shares? What if I am buying the shares of some scared soul that just gave up at a steep discount? I mean, I would be buying lower than those geniuses at Thomvest if I jumped in to buy now.
The fact that the longs did not get routed on Monday leads me to believe there's more than a bunch of stans, skys, highs, buffoons and quantums doing the buying here. There may even be a mongoose... quietly....circling...the black mamba.
In the interest of full disclosure: I own gun stocks and mining companies with mines in places that would make North Korea look like a beacon of human rights...but this about-face on prometic is a real ethical dilemma for me. What if I'm buying ridiculously low just when some StanHope finally gave up hope?