12%ayear's Account Talk

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you better hope that UltraShort QQQ ProShares ETF doesn't bite you on the you know what. Since the market has gone flat and had a little bump up relatively speaking I've closed all my short positions. I road that etf and a couple of others all the way down from 13850 and it definitely was bumpy some of the way but hey it's money in the pocket. I road Akamai down from 50 after riding her up from about 12 before she collapsed so be careful - I don't start shorting till I see as best as one can see when it is time to make the move. :cool:

I was emailing with ol Doug Kass the short expert and even his ain't shorting right now. Just a little food for thought and use some tight stops but if the market gaps up and stays up could get ugly.
 
You are going to have profit-taking tomorrow. IMO.......watch how they work!!!In this kind of market we are in, the bears are still in control. You have to take profits and sideline. That is why I got killed the last few months. Although MSFT beat and the QQQQs are green after-hours means crap. They will open it higher and sell into it. We are still not out of the woods. Trading this market is the key to obtaining higher returns. I am not going to stay postioned in one fund anymore. That aside, I will be in the S Fund Monday. I am aiming for .50%-1% a week. BTW..no EFT in the other room. I will post it in here.
 
12%ayear said:
You are going to have profit-taking tomorrow. IMO.......watch how they work!!!In this kind of market we are in, the bears are still in control. You have to take profits and sideline. That is why I got killed the last few months. Although MSFT beat and the QQQQs are green after-hours means crap. They will open it higher and sell into it. We are still not out of the woods. Trading this market is the key to obtaining higher returns. I am not going to stay postioned in one fund anymore. That aside, I will be in the S Fund Monday. I am aiming for .50%-1% a week. BTW..no EFT in the other room. I will post it in here.
Click to expand...
posted above ysterday
 
Quote:
Originally Posted by 12%ayear
You are going to have profit-taking tomorrow. IMO.......watch how they work!!!In this kind of market we are in, the bears are still in control. You have to take profits and sideline. That is why I got killed the last few months. Although MSFT beat and the QQQQs are green after-hours means crap. They will open it higher and sell into it. We are still not out of the woods. Trading this market is the key to obtaining higher returns. I am not going to stay postioned in one fund anymore. That aside, I will be in the S Fund Monday. I am aiming for .50%-1% a week. BTW..no EFT in the other room. I will post it in here.

posted above ysterday

I'm sitting in the G fund for today taking a break from shorting and the markets in general just finishing up a few trades to clean the books up after our talk about QID for today. As I said shorting and ultra shorting worked out for me from the high 13's down to 12 flat on the Dow. Bought EMC Corp a few days ago and dumped it in at the open today so not feeling to bad - my only trade today. Actually January worked out okay all things considered. One of my better months.

Good call by the way on QID although too risky for me. when the market begins to drop and the technicals break down thats when I get it on the shorts. IMHO to risky to take a chance on a ultra short IMHO in this environment because no matter what you think is going to happen the market kinda of has a mind of its own and can bite you where it really hurts plus my age dictates my own personal risk. When I see the snowball rolling downhill that's my signal to jump in on the short end. :D

Good luck in the future.

Greg

Until the dow is around 12600
nasdaq 2470
and the s&p 1st 1361 then 1390 I'm going to be watch my cp and only get in when there is a big fat pitch over the plate. LOL
 
caymanbrac12 said:
Quote:
Originally Posted by 12%ayear
You are going to have profit-taking tomorrow. IMO.......watch how they work!!!In this kind of market we are in, the bears are still in control. You have to take profits and sideline. That is why I got killed the last few months. Although MSFT beat and the QQQQs are green after-hours means crap. They will open it higher and sell into it. We are still not out of the woods. Trading this market is the key to obtaining higher returns. I am not going to stay postioned in one fund anymore. That aside, I will be in the S Fund Monday. I am aiming for .50%-1% a week. BTW..no EFT in the other room. I will post it in here.

posted above ysterday

I'm sitting in the G fund for today taking a break from shorting and the markets in general just finishing up a few trades to clean the books up after our talk about QID for today. As I said shorting and ultra shorting worked out for me from the high 13's down to 12 flat on the Dow. Bought EMC Corp a few days ago and dumped it in at the open today so not feeling to bad - my only trade today. Actually January worked out okay all things considered. One of my better months.

Good call by the way on QID although too risky for me. when the market begins to drop and the technicals break down thats when I get it on the shorts. IMHO to risky to take a chance on a ultra short because no matter what you think is going to happen the market kinda of has a mind of its own and can bite you where it really hurts plus my age dictates my own personal risk. When I see the snowball rolling downhill that's my signal to jump in. :D

Good luck in the future.

Greg :)
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Watch AXP..Monday..See YHOO off those lows in the teens. Back into 21 zone. ......That is what I will do when I retire and roll my TSP into a IRA trading account. I will buy$800-$ 1 million + of a broken down tech play and make some serious cake.:)
 
12 I have around 30 stocks with some fairly significant positions in several portfolios. I over see to a degree but I have a few well regard money guys taking care of the serious money cause I just dont't have the time and if you don't have the time you will seriously f it up. ;) I pick and chose the ones I want to personally cover and leave it at that.

I overseeing this TSP for my Mother who's been with the feds for - this is her 40th year. She was a lawyer but now a judge with the Social Security Administration so at 77 years old she is my number 1 priority. She gets up every morning at 4:30am and drives herself to work and comes back to her house by 6pm. I'm begging her to retire but she just tell me like what old Warren Buffet says what the hell are you going to do when you feel you stop contributing. All her friend who are retired at her age have either some type of health problem or just do whatever. Knock on wood she has never been sick in her life and her mother was a part time bookeeper until her late 80's. She worked one friday and passed away that weekend and I never knew a happier person so I'm definitely not going to let the grass grow under my feet.

Greg
 
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I think the OSM will follow the USM big gain today. I is probably the place to be. I'm 60-S / 40-I for today and tommorow. Your calls on this crazy market have been unreal lately. Keep it up!
 
IMO markets sell-off Wednesdayand Thursday. The Fed can only take it so far. The bottom-line is that the economy will have to recover on its own with time. The Fed will cut possibly .25% at the very most. They already cut .75% and they do not want to run out of ammo. They know they cannot be the heroes this stage of the game. The world is in a recession and cannot get out this easy. Real estate sales are sluggish,retail sales are bad,bad earnings,and bad loans. So I will go into the F Fund for Wednesday and Thursday.:)
 
If the Fed does dissapoint with a .25 cut I think you will definately see a selloff. The markets have factored in .50 IMO but Ben should also take this opportunity to extricate himself from this manipulation by the markets, even if it is painful. I note the optimism that suddenly has been revived with the upturn off the lows, but we are still significantly off and the massive selloff we just saw cannot just be discounted easily. That kind of sell-off speaks to significant problems, and when you see a market rally like today on BAD news, I just don't find that to be the kind of sustainable reverse we should be looking for. The next 4 weeks will be WILD.:rolleyes:
 
I think that Ben knows, that not only the USMs, but also every country's economy in the entire World will turn, directly, on what he does this Wed! We all saw how the entire World responded on Tuesday.
I think Ben doesn't want to do another .50 cut, but I think he will, for reason above.
While, personally, I hate to see it & agree in principle, I think the entire world just might be in his hands this Wed - and I think he must know this!

Of course we all know immediate effects are purely psychological.
(Plus, they can always tighten later in the year, if possible.)
Just 2 cents to consider...:rolleyes:
VR
 
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12%ayear said:
IMO markets sell-off Wednesdayand Thursday. The Fed can only take it so far. The bottom-line is that the economy will have to recover on its own with time. The Fed will cut possibly .25% at the very most. They already cut .75% and they do not want to run out of ammo. They know they cannot be the heroes this stage of the game. The world is in a recession and cannot get out this easy. Real estate sales are sluggish,retail sales are bad,bad earnings,and bad loans. So I will go into the F Fund for Wednesday and Thursday.:)
Click to expand...
the F fund for the next two days. Wed./Thurs. Huge sell-off the next 2 days IMO but do not go by me
 
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