350Z's 2007 I Fund Thread

[ebbnflow]

I'm showing +338.42 as a high for the NIKKEI 300, but I believe that's wrong.

http://www.marketwatch.com/quotes/jp/1885002

 

[ebbnflow]

NIKKEI 225 with percentage can be found at:

http://www.marketwatch.com/quotes/jp/1804610

You got to wait about 10 seconds for it to load properly.

 

[ebbnflow]

But the good thing is after it loads right, it automatically updates.

 

[Fivetears]

Shocking Rod; vulgarity in one of your posts.

If this holds, and other markets follow-through, I'm think'n:

Bulltrap

And don't no one reply w/ :

"Bullcrap"

 

[Rod]

Thanx bud... I decided to download from Yahoo historicals onto spreadsheets.

Well, will the rest of the "stars" allign themselves so you (I) Funders can reap a relief rally???

We'll know soon enough.

But, tonight you might get lucky enough to recup half of The Nik's losses from yesterday.

Good Night & God Bless

 

[Rod]

Shocking Rod; vulgarity in one of your posts.

Well, I guess it could be construed as vulgarity coming from me.

 

[Fivetears]

You're a good man, Rod.

Well, I guess it could be construed as vulgarity coming from me.

 

[airlift]

Ebb,
I am glad you called this trade. Great going!

Anyway you call it James, we're catching the bounce. The continued slide can wait a little later, no rush.

 

[ebbnflow]

Thanks, sponsor! Glad you made it to the I-fund also.

 

[ebbnflow]

Haven't received any e-mail confirmation of my IFT yet! Getting worried.

 

[ebbnflow]

Never mind, just got it. They sure took their time. Whew!

 

[James48843]

Hey- I like Tom's daily post today.

"Peanut Butter".

I like that. He nails it.

Everybody green for a day. Then .... Thunk.

Good luck guys......

 

[Rod]

Hey- I like Tom's daily post today.

"Peanut Butter".

I like that. He nails it.

Everybody green for a day. Then .... Thunk.

Good luck guys......

If I was in chancing this ONE day play- because that is what it is,
I'd skadattle back to the bench counting myself as lucky!

There is no calling these days in this current market environment. You just get lucky, and today happens to be one of those lucky days!

 

[Rod]

Ebb,
I am glad you called this trade. Great going!

All due respect to Eb and others, but overall, this is currently a crapshoot... where we're all right sooner or later.

Eb was wrong about (I) on Feb 28th

I was wrong about (I) on Mar 1st

I'm still waiting for the bottom to set in until I begin to venture.

Just gotta keep things real and in perspective.

 

[VirginiaBob]

Not completely a crap shoot, see my thread in the strategy section.

 

[350zCommTech]

If I was in chancing this ONE day play- because that is what it is,
I'd skadattle back to the bench counting myself as lucky!

There is no calling these days in this current market environment. You just get lucky, and today happens to be one of those lucky days!

I completely agree. Today feels just like last Wednesday. A dead cat bounce despite more bad economic numbers. Factory orders down 5.6%, biggest drop since 2000. Pending home sales fall 4.1%. And of course, Henry Paulson saying everything is OK.

 

[ebbnflow]

All due respect to Eb and others, but overall, this is currently a crapshoot... where we're all right sooner or later.

Eb was wrong about (I) on Feb 28th

I was wrong about (I) on Mar 1st

I'm still waiting for the bottom to set in until I begin to venture.

Just gotta keep things real and in perspective.

Rod, if you have checked on my ebbchart, it had been right eleven of the past 14 trading days. That includes missing the dip on Feb. 27 (-.74), Mar. 02 (-.28), and Mar. 05 (-.41). Not to mention today's rally. Now, when the I-fund's price goes back up to where it was, my account would be up in five figures with more tangible shares than buy-and-holders. That's all the perspective I'll ever need.

 

[350zCommTech]

Early estimate: Up 1.057% or 23 cents, plus 15 cents FV, total should be 38 cents.

 

[Rod]

Not completely a crap shoot, see my thread in the strategy section.

You say:

If I always knew what the market was going to do in the future, I'd be very rich. But yes, that's where I'm placing my bets. Like I said, even if I am wrong, either way, I'm still buying at heavily discounted prices (4.9%).

With the current market invironment, this is the crapshoot I'm talking about.

I like your phase 2- "get out" mode, the one you state we are currently in:

2. Get out of the market, since the correction might not be over. Pros - possibility of buying at new lows. Cons - when exactly do those new lows happen, or have they already happened, in which you will be caught in a double whammy (already lost 5%, and then missed a few % of the recovery). Large whipsaw risk as well by getting in at the first sign of strength, which could be a huge mistake as shown in my analysis of the 3rd option below. This is probably the riskiest approach, but this is what many on this board are discussing of doing (get back in at a sign of market strength). I'd recommend most people don't use this approach.

But, I would change it to "stay out" mode.

Good Luck!

 

[sugarandspice]

Anyone considering a late afternoon rally triggering a +FV? I really want to keep what I make today but am thinking maybe 1 more day of staying in. I'll wait till closer to deadline to decide.