12%ayear's Account Talk

[Robo5555]

Saw a t-shirt today that stated....buy beer...its cheaper than gas..

 

[Geaux4it]

Saw a t-shirt today that stated....buy beer...its cheaper than gas..

Finally, Some POSITIVE news.

Geaux

View attachment 2536

 

[12%ayear]

Another day , another sub-prime announcer. What else is new? This is getting very old. Focus on the prize..14000s before years end. That is 6-8 percent from this point on. I am not swing trading this time of year. Too risky not to be in the market. Too much negative news out there is actually a good thing. Just shut off your computer and watch Dec. 31th DJIA. 14000+ EQUALS 6-8% at least. GL

 

[ou81200]

12%---

I'm thinking that all this bad news is allready factored in the market. I'm thinking this will be a good thing for a rebound. What's your take on this???

TIA

 

[12%ayear]

12%---

I'm thinking that all this bad news is allready factored in the market. I'm thinking this will be a good thing for a rebound. What's your take on this???

TIA

That is my point...Locked in and just waiting it out..

 

[hessian]

Hey 12%,
Just hanging out, futures look nice being red early, but not too red. Actually, I'm thinking a nice day may be shaping up (actually its raining here in DC), but I feel pretty good, including my position (which BTW I added my last 25% yesterday - now 70%S, 30%I). I figured the "I," would be mostly just kinda like having "insurance."

Anyway, Nnuut posted some interesting reading yesterday, which I just replied to, in his post, and I was hoping if you had any time, that you may enjoy reading my response - I think it may just explain what happened in the last 1/2 hour yesterday, at least in part anyway. Generally, I just feel comforted thinking I understand what may have caused that drop.
VR

 

[fedgolfer]

cpi was trumped by the suprise jobless claims... gap down reaching a point where closing it gets more unlikely. 1484 (around the 200 dma) is now another resistance point... watch out below.

 

[12%ayear]

The market wants to run today. It cannot stay down.

 

[Minnow]

Mr 12%, I know you're sitting tight and all but you got any take on this Friday (being OPEX and all) and Monday w/o much on the plate announcement/calendar wise?

 

[Show-me]

Saw a t-shirt today that stated....buy beer...its cheaper than gas..

No matter how bad the economy gets, people will always buy beer and smokes. Gotta drowned your sorrows some how.

 

[12%ayear]

Smart money scooping them up. Lock and load.

 

[Robo5555]

Here we go.....the turn for the upside!!! I am out of the I fund ....all in small caps.

 

[12%ayear]

don't worry still very early.......we will close green or I will eat my hat today.

 

[phillyfed]

Saw a t-shirt today that stated....buy beer...its cheaper than gas..

Im buying that! :laugh:

 

[12%ayear]

don't worry still very early.......we will close green or I will eat my hat today.

Love this!!

 

[fedgolfer]

Uh oh....12%, the last time you made the stetson call, you were spot on!!!

One question, are you wearing a hat today?

 

[12%ayear]

Uh oh....12%, the last time you made the stetson call, you were spot on!!!

One question, are you wearing a hat today?

yes

 

[phillyfed]

Hey 12%,
Just hanging out, futures look nice being red early, but not too red. Actually, I'm thinking a nice day may be shaping up (actually its raining here in DC), but I feel pretty good, including my position (which BTW I added my last 25% yesterday - now 70%S, 30%I). I figured the "I," would be mostly just kinda like having "insurance."

Anyway, Nnuut posted some interesting reading yesterday, which I just replied to, in his post, and I was hoping if you had any time, that you may enjoy reading my response - I think it may just explain what happened in the last 1/2 hour yesterday, at least in part anyway. Generally, I just feel comforted thinking I understand what may have caused that drop.
VR

Good move to DCA.......No one on this or any message board knows what the market may bring. The Pros can read charts just like us. They get paid to do this and they are no better then those of us that follow the market regularly. My broker gives me advise. I weigh it in but most of the time its garbage. Its the same cliched rhetoric. Its gonna be tough to catch a bottom w/ our Intraday trades. INTERDAY transfers would be great but we did come along ways with the TSP. Its smart $costavg, like your doing. Just my opinion.

My strategy is to DCA and take about a 70% position when(if) we trade around DOW 12,700. I was 100% in G today, put in a 35% position in stocks before Noon. I'm going to hold tight a couple of days, then add more unless the market totally capitulates like I think we will. Then I'm in 70%.....The last 30% will be put in after things look like they may go one way or the other reading technicals.

As ive said before, when(if) we get the healthy 10% correction on all the indexes, I think that will be a bullish sign for the markets. Its all aboard time.

Heres something thats bothersome:

My brother is a terminal manager for Fedex ground in the Philadelphia area. His terminal volume is at its lowest in the past 5 years. He called around to a few other term managers around the country. They are experiencing the same thing.

Usually at this time of year (right before black Friday) he has so much work. Hes not seeing it thus far. His workload is about 70% commercial and 30% residencial for referance.

This is an extremely important indicator for forward retail sales. This is anticipated in the markets already. To the degree my brothers seeing it thou, Im not so sure

Good luck.

 

[Minnow]

don't worry still very early.......we will close green or I will eat my hat today.

Last time you had the good sister warming up in the bullpen.... what'cha got goin' today?

 

[hessian]

Hey philly fed,
Yes thanks, I think it happened to be a good day to DCA-in. I decided to go another 20% to S, and just threw the other 5% at I.
It wasn't planned - having that last 1/2 hr drop yesterday (but as it turned out, it was maybe a little better than hoped). Some folks even today were calling for/saying we needed a re-test of lows that we saw what Monday?/late last week - maybe we hit those today, maybe intraday -that's my hope anyway. That if we must hit those, that we get past that re-test today/right now (by 3:30), begin strong move up. We'll see. Slow & steady up from here is just w/ me too. Its hard to call exact bottoms, so just don't get caught holding the bag.

Also appeciate the insight on FEDEX. Not sure I'd be too concerned though - who knows about these things. I know I have several things I ordered recently, and I got back 6/7 emails already that items are now on backorder. One has been delayed now 4 times! This means to me that either warehouses are not able to get enough in orders in from overseas fast enough (good for markets), or things are selling out too fast (also good for markets) Point is there could be many reasons for delivery slow-downs. USPS and especially UPS are strong competitors, too -it is interesting though, so thanks for passing it along.
VR

PS 3:30 - Here we go!!!!!