350zCommtech's Account Talk

[350zCommTech]

I'll be sticking with my Scottrade for a bit.

My current positions are EFA, hedged by EFU. I calculated the number of shares to counteract each other. First time doing it, so I'll see how it goes.

What's you plan there? Tight stops on both, but let the winner run?

 

[Rod]

What's you plan there? Tight stops on both, but let the winner run?

No stops... simply letting both of them run for now in this whack market.
My plan is to dump EFU once we have a good leg up.

 

[350zCommTech]

No stops... simply letting both of them run for now in this whack market.
My plan is to dump EFU once we have a good leg up.

I think you will be dumping EFA first. Once this little oversold rally ends, it's going to dump fast. I'm still waiting for capitulation and my extreme indicator has yet to kick in. It's possible that this might turn out to be a +15-20% bear market rally and it won't get extreme here.

Btw, we just had a nice oversold bounce in currencies and the Nikkei got another shot in the arm. Now up 185 points.

 

[Rod]

I think you will be dumping EFA first. Once this little oversold rally ends, it's going to dump fast. I'm still waiting for capitulation and my extreme indicator has yet to kick in. It's possible that this might turn out to be a +15-20% bear market rally and it won't get extreme here.

Btw, we just had a nice oversold bounce in currencies and the Nikkei just got another shot in the arm. Now up 185 points.

I see that the $ is strengthening. Does that concern you being in (I)?

 

[350zCommTech]

I see that the $ is strengthening. Does that concern you being in (I)?

Not yet. Can't expect it to go down in a straight line. Traders are constantly pushing it from oversold to overbought on an intra-day basis. The trend should be down.

 

[Rod]

Not yet. Can't expect it to go down in a straight line. Traders are constantly pushing it from oversold to overbought on an intra-day basis. The trend should be down.

Good point.

 

[mojo]

WELL DONE! Hope you get some follow through tomorrow.


5 350zCommTech 3.79% 2.98%

 

[350zCommTech]

WELL DONE! Hope you get some follow through tomorrow.


5 350zCommTech 3.79% 2.98%

Thanks mojo.

 

[350zCommTech]

UK Stocks -- Factors to watch on March 5

LONDON, March 5 (Reuters) - Britain's FTSE 100 .FTSE index
was seen opening 28-36 points lower on Thursday, reversing some of Wednesday's
strong rally after a mixed showing in Asia and on caution ahead of interest rate
decisions in Britain and Europe. The blue chip index closed 133.78 points, or 3.8 percent higher on
Wednesday at 3,645.87 bouncing back after three sessions of hefty falls as
commodity issues got a boost from demand factors after seeing some glimmers of
hope from Chinese economic data. The FTSE 100 index is still down nearly 18 percent so far this year, after
tumbling more than 31 percent in 2008. Wall Street registered strong gains overnight but Asian markets were mixed,
with the Hang Seng .HSI turning lower as investors assessed comments from
Chinese premier Wen Jiabao at the opening of the National People's Congress. The Chinese premier said China expects to achieve 8 percent economic growth
this year but he failed to unveil a hoped for new economic stimulus package.
[IDnPEK65604] The Bank of England's Monetary Policy Committee was widely expected to
signal another 50 basis point cut in bank rates, down to 0.50 percent, at midday
on Thursday although the main interest will be on details of an expected
quantative easing policy from the Bank of England.

The central bank was expected to announce it will print around 100 billion
pounds of extra money and use it to purchase gilts or corporate bonds to help
free up debt markets in Britain.

The European Central Bank will also deliver its interest rate decision at
1245 GMT Thursday, with a 50 basis point reduction expected as well in Europe's
key interest rate, taking it down to 1.50 percent. Ahead of the rate decisions, the Halifax UK house price index for February
will be released at 0900 GMT.http://www.reuters.com/article/marketsNews/idUKL572959020090305?rpc=44

 

[350zCommTech]

Did some shopping this morning:

C at 1.04
SSO at 15.56
added more FAS at 3.19

 

[350zCommTech]

I'm seeing bullish divergences in currencies and VIX. XLF seems to have bottomed.

If I'm wrong, we are F#$%#@.

Big day for the F fund.

 

[poolman]

P.M. Sent

 

[350zCommTech]

P.M. Sent

Replied to your PM.


I'm thinking C or S for my last IFT.

 

[350zCommTech]

Went 100% S fund.

 

[Steadygain]

You have more courage than I do Steady. Going 100% yesterday took brass balls.

We're where we are because we're very aggressive

You've got everybit the courage I do and the balls to show it.

I think we all have our picks - and you're one of mine

Poolman and uptrend are power players - as is CP - where I kind of see windhunter and me more coming out..

 

[350zCommTech]

We're where we are because we're very aggressive

You've got everybit the courage I do and the balls to show it.

I think we all have our picks - and you're one of mine

Poolman and uptrend are power players - as is CP - where I kind of see windhunter and me more coming out..

Thanks Steady.


Some charts. It's trying.

View attachment 5967

View attachment 5968

 

[Minnow]

This just about sums it up...

 

[350zCommTech]

This just about sums it up...

View attachment 5970

It hurts.

 

[Rod]

Did you see where FAZ ended? It's down a little because the financials failed to hold a rally. If the financials don't get going tomorrow, I'm out.

It sure did get hammered today, huh?

 

[Rod]

View attachment 5970

It hurts.

Yes it does when you are "caught in a mosh".

BTW, my EFA/EFU hedge worked out really well. I was down, but by only:

(.002)%

NOT 2%.

But .002%

How does that sound to you??? Does it sound evenly "hedged"?

You know what's funny? I had (thought) set my buy limit at 34.05, but my buy was triggered at 33.04. Perhaps I fat-fingered it.

I don't know what's better, EFA not triggering my intended buy at 34.05, or triggering my UNintended buy at 33.04.

Weird...