350zCommtech's Account Talk

[Gumby]

A guest on CNBC said, "AIG is a fraud."

How long did it take him to figure that out?

 

[Steadygain]

Yup, but I should have gone 100% I fund like I wanted.

Did you do a PANSY MOVE - like 50%??:embarrest:

 

[350zCommTech]

How long did it take him to figure that out?

Yeah, and our .gov just gave them another $30B.

 

[350zCommTech]

Did you do a PANSY MOVE - like 50%??:embarrest:

No, I did 50S/50I.

 

[Steadygain]

No, I did 50S/50I.

NOTHING PANSY about that....

that's like walking into a room filled with Ninjas of the highest rank

telling all of them to grab whatever weapons they want as you're walking to the doors and sealing them shut....


then telling all of them you're going to fight them empty handed and save the last one for the worst beating...

so as to encourage them to come as quick as possible and fight as hard as they can

SO 50/50 - S/I - VERY BOLD - VERY GOOD

 

[Rod]

Z, looks like we're contrarian to each other.

I went 100 (F) today.

 

[350zCommTech]

Z, looks like we're contrarian to each other.

I went 100 (F) today.

Yeah, I was surprised when I saw that.

It is possible that both of us will be right tomorrow.

 

[Rod]

Yeah, I was surprised when I saw that...

No doubt, it was a tough decision. My plan did not pan out (741 holding), then I felt I had made a brutal mistake. Furthermore, I had vilolated my own rule of not going in more than 10% when fishing for the bottom of a bear. I made the assumption we all make. That assumption being,

This HAS to be the bottom... or close to it!

I'm still learning.

 

[350zCommTech]

No doubt, it was a tough decision. My plan did not pan out (741 holding), then I felt I had made a brutal mistake. Furthermore, I had vilolated my own rule of not going in more than 10% when fishing for the bottom of a bear. I made the assumption we all make. That assumption being,

This HAS to be the bottom... or close to it!

I'm still learning.

It's a tough market Rod. Our limited IFTs force us to hold a position for too long.

On the bright side, you still have 1 move left so you can still get back in.

 

[Guest2]

No doubt, it was a tough decision. My plan did not pan out (741 holding), then I felt I had made a brutal mistake. Furthermore, I had vilolated my own rule of not going in more than 10% when fishing for the bottom of a bear. I made the assumption we all make. That assumption being,

This HAS to be the bottom... or close to it!

I'm still learning.

It's a tough market Rod. Our limited IFTs force us to hold a position for too long.

On the bright side, you still have 1 move left so you can still get back in.

Its the battle between self preservation and recovery. As 350 said so eliquently;
its a tough market and you have some dry powder left. I believe this thing
will turn around sooner, rather then later. Here's hoping we see it before it
comes and we can finally break out the champagne (overly chilled). :embarrest:

 

[Rod]

It's a tough market Rod. Our limited IFTs force us to hold a position for too long.

On the bright side, you still have 1 move left so you can still get back in.

True true.

In the meantime, I'm short'n in my Roth.

 

[350zCommTech]

True true.

In the meantime, I'm short'n in my Roth.

Oh boy....I went long near the bell with FAS.:worried:

 

[Rod]

Oh boy....I went long near the bell with FAS.:worried:

Holy cow! That has one heck of a 52-week range!

3.90 - 58.71

Seems you should be near that bottom. I would definitely hold that bad boy long.

 

[350zCommTech]

Holy cow! That has one heck of a 52-week range!

3.90 - 58.71

Seems you should be near that bottom. I would definitely hold that bad boy long.

Sure looks like a bargain doesn't?

But It might be a better bargain tomorrow.

 

[Rod]

Sure looks like a bargain doesn't?

But It might be a better bargain tomorrow.

It may take some time to breakout with all the bank monkey biz, and it will unlikely go down more, but in the long-term it's a no-brainer!

Yes, that describes Mr. Market himself. But, this baby has A LOT to gain.

Can you say 1,500% gain???:laugh:

 

[350zCommTech]

Can you say 1,500% gain???:laugh:

LOL.......:laugh:

 

[Rod]

LOL.......:laugh:

I may throw in a few thousand myself.

BTW...

http://www.stocktwits.com/t/FAS

Could be interesting reading.

 

[350zCommTech]

View attachment 5951

Those two big red candles came after the bell thanks to Palm's bad earnings. I think the chest pain that I've been having since this afternoon were the side effects of those two red candles.

The nice rally in the Nikkei helps a little.

 

[350zCommTech]

European Factors -- Shares set to edge higher Wed

Wed Mar 4, 2009 1:21am EST

LONDON, March 4 (Reuters) - European shares are set to edge higher on
Wednesday, after hitting a lifetime closing low on Tuesday as investors go
bargain hunting, according to bookmakers. Financial spreadbetters expected
Britain's FTSE 100 .FTSE to open up 32-34 points, or as much as 1 percent,

Germany's DAX .GDAX to open 20-30 points, or as much as 0.8 percent,
and France's CAC-40 to be 1.6 points higher in the open, or as much as 0.2 percent.

The pan-European FTSEurofirst 300 index .FTEU3 on Tuesday fell to a
lifetime closing low, led lower by oil stocks as crude prices slipped towards $40 a barrel.

In the U.S., the S&P ended below 700 for the first time since October 1996
as persistent uncertainty about the amount of money needed to shore up the
financial system overshadowed a hunt for bargains. Japan's Nikkei average rose 0.9 percent, erasing losses.

http://www.reuters.com/article/marketsNews/idINL488846620090304?rpc=44

 

[mojo]

Looking great for a big bounce. Good luck.