RE:What makes me laughLet's take a look at this great sports car analogy from HO89. A guy who has promoted the value of a BTE investment for the last 7 months (regardless of what he was actually doing).
The same sports car buyer on October 31st likely couldn't get the same great deal as HO89 (even though sports car season was over). The BTE investor would have bought at $7.40 and now needs the stock to rally 30% to break even.
The same sports car buyer on November 30th likely couldn't get the same great deal as HO89. The BTE investor would have bought $6.87 and needs the stock to rally 20% to break even.
The same sports car buyer on December 30th might have gotten the same great deal as HO89. The BTE investor would have bought $6.08 and needs the stock to rally 7% to break even.
Looking down the road to July, sports car season, with the odds of a hard landing moving higher. There is an increasing likelihood that HO89 will be upside down on both his sports car purchase and all of his BTE recommendations. Was the lesson not to buy depreceating assets or stocks that are in a downtrend?