Looking Back at 2006 via TraderTim
There are just a couple of business days left in 2006. I, for one, will be happy to put this year behind me. I just skimmed all my posts for the year (and I did a lot of writing this year.......it would easily fill a book) and the recurring themes seem to be (a) frustration and (b) boredom. Not good.
There is, however, some good stuff in the bowels of this blog. Today I wanted to review some of my "hits" and "misses" for 2006, and tomorrow I'm going to publish a Best of the Blog for your enjoyment.
I'm the sort of guy who, if you have good news and bad news to tell me, I always want to hear the bad news first. So let's look at my misses for this year (on the whole, these are just hyperlinks to the blog entry - I suggest you right-click on them and just open the article into a new tab or new window so you don't lose this list):
The Misses
NTRI is doomed! - NutriSystem has done quite well this year, in fact. An amazing stock.
My overall bearishness - well, my Lord, you can find this in almost every post! But a couple of examples are here and here.
Cult of the Bear - a link to the fascinating three-part article predicting 6,800 on the Dow in 2006 (umm, well, the Dow is about twice that level).
Making too much of losses early in the year - but, wow, wouldn't you love to see a GLOBEX screen like that one again?
Shorting OIH prematurely
Premature prediction as to the demise of HANS - it went much higher before it finally stumbled.
The poo-pooing of Barron's prediction for Dow 12,000 - As you know, it's beat that by a wide margin already.
OK, so I'm an idiot, right? Well, only half-right. I had some hits too. Let's take a look back:
The Hits
Predicting GOOG would sink to $330 - OK, I get to gloat on this a bit. The stock bottomed at $331.55. This was an amazing call. Were that there were more like it!
MTH short - a beautiful head and shoulders pattern
ASYT buy, with a target of $7.50 - it actually climbed even higher, to above $11.
Bullish buy list - the average gain on this list is over 25% now. Maybe I should do more bullish posts, eh?
GOOG as a buy - the stock is up nearly double since this post.
COF short suggestion
PNRA short suggestion
BLUD long suggestion
I'm honestly not trying to get away with rehashing old material. It's instructive to look back. I hope you enjoy reviewing some of these old posts, even though they only show me in a semi-favorable light!
I'll be back tomorrow with my Best of the Blog list.