12%ayear's Account Talk

[ATCJeff]

great parents, btw what is ATC stand for? ty

Air Traffic Control

 

[sdouglas3]

12% do you feel this is a prime buying opportunity? (pardon the pun)

TIA

Steve

 

[12%ayear]

Well, this is not how I envisioned the markets to pan out. However;look at the postive, we are still up for the year and in a matter of 3 weeks erased most of our gains. My gut was telling me to sideline and I did not listen to myself back in June. Greed destroyed my return. The lesson is this .....The markets are very tough right now and for the newbies it is best to wait. Bear Stearns Cos. Chief Financial Officer Sam Molinaro's big mouth killed us today with those wild comments. The Fed meets next week. The S FUND is down about 9% now. Is this a buying opp? I am very bullish and time to make the stop into the G Fund here and there. The G Fund is like a safe heavan these days. Remember, the market is a beast and cannot be tamed. To trade, you need thick skin and I love this action. I will get it back, not worried.

 

[sdouglas3]

Should be over soon. Cramer is begging the fed chair to make a rate cut. People are feeling the pain. So, who is buying? The smart money is! I'm starting to take positions in the C, S, and I funds. Just not all my money at once. Do I think the selling is over? No! not enough pain yet given to the public. I sold it all in 2001 when it hurt. And yes, I sold at the bottom for loss of about 60k. NOT GOOD! I have learned that taking small positions when sell-offs occur is key for me. I have more than made up my loss from 2001 and learned a huge lesson. Now I do make the swing trades trying to get a little more return. But, when the big sell offs come, it's position time baby. Buy low, sell high. Sounds easy, but the emotions are what gets in the way and that makes it hurt so bad. The issues with the markets are reasons to sell and take profits for the big boys. Also, for the big boys to shake your shares lose from a sell off and then sell them back to youat a higher price. So, they profit going down and back up and the public gets screwed. Sorry for such a long comment. Have a good weekend all.

Steve

 

[wht00ss]

don't feel bad I'm down 22k

white

You know what they say in the Russian Marine Corps -
"TOUGHSKI SHITSKI"


So I'm maning up and buying like a drunken sailor. (no offense to the Navy- at least it's the sailors money)

 

[12%ayear]

http://www.liveleak.com/view?i=de8_1186355765 TOO FUNNY!!!

 

[Griffin]

That's unbelievable.... one word Jim....Prozac.....................
but how true is it? Just cause the big boys executed a series of buy backs, does that mean it's all good?

 

[sdouglas3]

That's great... Cramers a hoot. I like the disclaimer at the end by cnbc.

 

[12%ayear]

Looking great!! I still think we will see the small-caps explode. They are still the laggards!!

 

[weatherweenie]

Looking great!! I still think we will see the small-caps explode. They are still the laggards!!

Guy on CNBC today said small caps will lag so long as there is a credit crunch/uncertainty, fwiw.

 

[12%ayear]

Guy on CNBC today said small caps will lag so long as there is a credit crunch/uncertainty, fwiw.

CNBC guy is full of crap. The rotation will go into small-caps. I never listen to the cheerleaders or doomsayers on CNBC. One will say buy the other will say sell. I go by what 12% says.

 

[12%ayear]

[FONT=verdana, arial, helvetica]

This is how the markets felt today. [/FONT]

 

[12%ayear]

CSCO has nice results last night. Like I mentioned in a earlier post, oil will drop because of sub-prime and it did. The Small-caps have plenty of room to move to the upside. Many will not agree;however,look at the pull-back and value of many stocks. The Fed does not seem to be to worried about sub-prime like before,good sign. They acted a tad more dovish.

 

[12%ayear]

It might be time to go on the sidelines and wait for a little pull-back. It seems the markets are on fire this week. I rather go on the sideline for 1-2 days before losing any profits I made this week. Although, I took a hit since mid-July, things are looking better now. The key is here is to play it safe. I bet someone will throw a wrench into this rally tomorrow. We will trade sideways from here,(meaning month wise) unless we see positive/negative news.

 

[350zCommTech]

It might be time to go on the sidelines and wait for a little pull-back. It seems the markets are on fire this week. I rather go on the sideline for 1-2 days before losing any profits I made this week. Although, I took a hit since mid-July, things are looking better now. The key is here is to play it safe. I bet someone will throw a wrench into this rally tomorrow. We will trade sideways from here,(meaning month wise) unless we see positive/negative news.

I agree with you, but IMHO, the F fund might not be safe. Yields are shooting up because of the Chinese threat. And if you look at the $TNX, it's got a long way to go before it finds resistance.

 

[12%ayear]

I agree with you, but IMHO, the F fund might not be safe. Yields are shooting up because of the Chinese threat. And if you look at the $TNX, it's got a long way to go before it finds resistance.

sure, however; the risk factor with the F FUND is not bad at all. I call the F Fund , the "C Fund Extra, Extra Light".

 

[350zCommTech]

sure, however; the risk factor with the F FUND is not bad at all. I call the F Fund , the "C Fund Extra, Extra Light".

Easy for you to say, you can afford to lose a few pennies. I, on the hand, need to protect every penny. Last Friday nearly killed me.

 

[Warrenlm]

I am having a hard time following the math. Why make the paper losses of July become real losses by selling shares at a loss? Is it going to be many years before we see 1550 S&P again?

 

[12%ayear]

Easy for you to say, you can afford to lose a few pennies. I, on the hand, need to protect every penny. Last Friday nearly killed me.

No,NO ,NO...I cannot to lose a few pennies like yourself. Every hit counts. My point was that the risk factor is not as high by being in stocks. The market humbled me many years ago. I respect it.

 

[12%ayear]

I am having a hard time following the math. Why make the paper losses of July become real losses by selling shares at a loss? Is it going to be many years before we see 1550 S&P again?

A gain/loss is not actually until you cash in. I think the markets will rally hard into the new year with some pull-back here and there. It is keeping everyone honest lately.