12%ayear's Account Talk

[airlift]

I care!

Nikkei,up2.61% thus far the I Fund is up .20 cents today after factoring in the -fv. That is .85% for the day so far. I plan to do some more DD before moving or staying pat. Will post by noon if anyone cares..

 

[CorMaGa34]

I care too!!!

 

[12%ayear]

Not pushing my luck here. Transferred to the G Fund as a sideline play. This time around,I want to play it safer than before. Nice and easy. Markets are due for a pullback. Any negative tone on that report tomorrow, markets can sell-off triple digits. Even, if we rally, I rather play it not chance it. I am sticking to my plan. Want to make at least. 23% a week on average. Also, Nikkei and OSMs due for a pullback.

 

[12%ayear]

I FUND looking great this week. Countrywide CEO blow our rally today by saying a possible recession is very possible. The Fed will not act now until Sept. 18th, the next meeting, unless something happens. Nice and easy , take some profits and wait. I think Japan will give-up some gains tonight. Read this http://www.bloomberg.com/apps/news?pid=20601086&sid=aOgFOlYWPH80&refer=latin_america

 

[12%ayear]

IRBT bought 15s now 22 almost about 38% return in 3 months so far Posted it for the room in the 15s.

 

[nnuut]

Excuse me. but I don't understand a damn thing you said!

 

[merlin]

What did you buy 12%?

 

[12%ayear]

What did you buy 12%?

lol, IRBT..is the ticker..IROBOT

 

[12%ayear]

Another stock I picked was IMAX..ticker is IMAX.Look afterhours It shoot up 12%.. IMAX will be bought-out. IMO.I mentioned it in the 3s. After Hours: 4.48

0.49 (12.28%) as of Aug 24 on 08/24/07Last Trade:3.99Trade Time:Aug 24Change:

0.10 (2.57%)Prev Close:3.89Open:3.87Bid:N/AAsk:4.42 x 1001y Target Est:5.50Day's Range:3.87 - 4.0352wk Range:3.32 - 5.68Volume:322,439Avg Vol (3m):332,429Market Cap:160.75MP/E (ttm):N/AEPS (ttm):-0.60Div & Yield:N/A (N/A)New! Try our new Charts in Beta

 

[12%ayear]

another one I shorted was NFLX in the 20s..you can find my posts, it was several months ago. NFLX is in trouble because of Blockbuster deal and video downloads. I gave the rooms all these plays!!!

 

[12%ayear]

A great buy right now IMO is YHOO way oversold and now is the time to buy retail or internet plays before the holidays. Buy when nobody wants them, sell when everyone wants them, YHOO CLOSED 23.59 IMO we see high 20s early 30s before the end of year. YHOO is a bargain. Also watch banks,homebuilders,and retailers this time of year for the Fall rally..I stick to my daytrading plan of making at least 10% a month and compounding the money. The key to getting rich is compounding!! Buy value and sell them when people are talking about them....big secret. The herd is always wrong. I bought SIRI under a buck and with the Stern dea lwent to 9 dollars, I sold in the 7s. LOL Now SIRI is 3 bucks. People were buying, I was selling.

 

[GGal]

Maybe you have an opinion then about ALNY. I bought it at $12 last year. I think it is about doubled.

Am I foolish to continue to hold it (thinking that either (a) it will be acquired or (b) will be the next Genentech?)

I seem to be having a hard time letting go (just like me!)

I leave lots of claw marks. LOL>

Thx
GGAL

 

[12%ayear]

Maybe you have an opinion then about ALNY. I bought it at $12 last year. I think it is about doubled.

Am I foolish to continue to hold it (thinking that either (a) it will be acquired or (b) will be the next Genentech?)

I seem to be having a hard time letting go (just like me!)

I leave lots of claw marks. LOL>

Thx
GGAL

well, several things to think about. The shares jumped in mid-July 51% based on the Roche deal. They will pay ALNY $331 million and own about 2 million shares a a price of 21.50 about 5 % of the float. The float is huge, they have 31.74million shares. Although, it is very possible that it have huge sales down the line, you should lock profits and you can always buy back. It seems , MARAGANORE JOHN has been a seller. Also it looks like it has reached its all-time high http://finance.yahoo.com/q/bc?s=ALNY&t=5y&l=on&z=m&q=l&c=. With Bio-tech, you just never know what happens down the line. Look at Elan. Start looking at Stem cells play for 2008 election. Like STEM and VIAC. http://www.fool.com/investing/high-growth/2007/08/13/viacell-sees-the-light.aspx Do some DD and then try to make the best choice when making moves. Do not be afraid to lock profits and to sell too early, better then selling too late!!Good Luck..This is just my 2 cents!! GL

 

[12%ayear]

The market really opens at 10am today with Consumer Conf. numbers. However; IMO the USMs will explode this afternoon when the FOMC minutes come out. Watch for a +fv today with the I FUND. BTW, those who bought STEM yesterday , made out nicely. I put in out over the weekend. Hold STEM, looking for a 50% gain. Also IMAX had a great day.

 

[fedgolfer]

12%, what's the thinking behind the markets will pop post release of FOMC minutes? Just a gut feeling? Just to make conversation, those minutes probably won't have anything in them that indicates cutting rates. It was after the 8/7 FOMC statement that Ben cut the discount rate and injected liquidity into the markets -- obviously quite contrary to the 8/7 statement. I don't think the minutes will have anything in it that indicates where the Fed stands now -- feeling Wall St pressure to cut the Fed Funds rate. So much has happend since 8/7, that the minutes are essentially meaningless since the Fed has acted in other ways since the statement. Of course it doesn't matter who's right or wrong, the market will decide after 2 pm!!!! Good luck

 

[fedgolfer]

QID shorts the Naz, price action on today's intraday chart just fell below the support line, kissed that channel goodbye and hit its head with a large volume trade. if this continues up until 2pm, it could be smart money exiting the short. Smart money could use the FOMC minutes as a scare tactic only to pump it up before the close.

 

[weatherweenie]

Watch for a +fv today with the I FUND.

This keeps up, we're looking at a possible -fv in the I fund, which would be good for those buying in tonight.

Hopefully it won't be a moot point, if the market continue the downturn tomorrow.

 

[FogSailing]

As long as it closes above 1430 I'll be a reasonably happy camper. If it closes below..I'm going to start thinking the dreaded "R" word.

FS

 

[Jonathan]

As long as it closes above 1430 I'll be a reasonably happy camper. If it closes below..I'm going to start thinking the dreaded "R" word.

FS

1432 at close.

Today was NOT a good day. Kinda makes me think the "up" days recently have been rather artificial, engineered by expectations that the Fed will save the day. The problem is, the Fed can't cure what ails this economy: large amounts of insolvency. Perhaps the market knows this at some level.

We'll just have to let things play out, or hope that any legislation to soften the blow has the desired effect.

 

[Birchtree]

I honestly don't think you'll see large amounts of insolvency - this is primarily being hyped. Home prices are just coming back into reasonable ranges - a natural correction after many years of outperformance. The Fed has ample room to react because inflation is low and going lower - and they will take some heat off the arms coming due at higher rates. The bull is only resting.