350Z's I fund thread NOV 07

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Am I glad this week is over! Going to go lick my wounds over the weekend over a couple of cocktails. I've got the first round.....my treat!
 
F = 3
C = 1
S = 2
I = 10 ($25.69)
The I fund got 2 extra pennies! It should have been 8 cents.:)

Hey 350,
Might those 2 extra pennies be a couple of those that may have rolled off the table a couple days ago? ("got robbed" of).:suspicious:
No chance they showed up a day or two later - like maybe when sweeping up the floors? :D
 
Hey 350,
Might those 2 extra pennies be a couple of those that may have rolled off the table a couple days ago? ("got robbed" of).:suspicious:
No chance they showed up a day or two later - like maybe when sweeping up the floors? :D

No, and since I don't keep track of the actual I fund price(8 or so decimal places) anymore, it's hard to say for sure. My best guess is that I was off by .4 of a penny on the I fund price and Thursday's -FV was actually 34 cents.

The important thing now is that the I fund is now even.
 
We need a good week!!!!

Actually for 350Z,
Sir, thanks for reponse on the pennies (purely academic, 100% accepted).

But below relavant to Robo, quoted, and as they say on Monty Python's: "On a completely different subject,"
many questions/concerns are being raised on the freefalling dollar and anticipated effects worldwide (even 12% related concern today). I found an article seems to add another log to the fire (some interesting charts too), quoted below, on the dollar...

"In all the years I've been trading I've never seen such a one-sided position against the dollar," said Dennis Gartman, publisher of the Gartman letter, speaking at a Euromoney foreign exchange conference in New York on Thursday.
"It is absolutely shocking how overtly bearish the world is."
He also reports that classic sign of a market mania, a variation of the shoeshine boy giving stock tips, saying that a doctor had told him on the golf course that he'd opened an account in order to short the dollar.
...And even though he thinks the medium term direction of the dollar will be down, he thinks the sheer weight of people all betting the same way opens up the possibility of a vicious short covering rally, as the herd all get caught trying to get out of positions at the same time if sentiment against the dollar changes, even slightly."
More, plus charts on other subjects at, http://aheadofthenews.com/

Any thoughts/opininions on this?
Additionally, my primarily confusion is confidence in, and thinking to bail "I" - in favor of "S/C" for next week!
VR
 
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And even though he thinks the medium term direction of the dollar will be down, he thinks the sheer weight of people all betting the same way opens up the possibility of a vicious short covering rally, as the herd all get caught trying to get out of positions at the same time if sentiment against the dollar changes, even slightly."

Any thoughts/opininions on this?
Additionally, my primarily confusion is confidence in, and thinking to bail "I" - in favor of "S/C" for next week!
VR

I highlighted the important part of that paragraph. Unless you think the Feds are going to start raising rates again, the sentiment against the dollar will really change when something bad is happening. In which case, you don't want to be anywhere near the markets.

Having said that, both the BOE and the ECB will hold their respective rates on Thursday. I expect the dollar to move up from now until Thursday. The dollar might do a sell the news on Thursday.
 
Any chance they will cut to boost the dollar?

damn: have a meeting in 10min. later

I don't think so. They have inflation problems of their own. Also, The ECB usually telegraphs their moves, and they have not given any hints. Besides, our Fed just went neutral.
 
Now showing down -.29 cents this morning-

Did we have any FV to add into the figure- or are we all even up this morning? Anybody remember?
 
crude oil has slipped 1.7% to $94.30.
Just reported, October ISM Services came in at 55.8. Economists were expecting a reading of 54.0. A reading over 50 indicates expansion.
 
S fund is now down 5.5% from its intramonth high.
The last time it hit this level, it bounced back 4%.

fwiw going to ride out the S, too late to bail now.
 
I'm now showing down .29 cents.

James what's ur take on today n 4 d rest of d week

My take on the rest of the week?

I have NO idea what-so-ever.

If you had asked me friday at noon, I would have said that I thought we were going to rebound on Monday.

Chrystal ball is now offically fogged up. Can't see a thing.

At this point, I already lost a bunch in "I" since last week, and I might as well just go along for the rollercoaster ride.

I still have a dozen or more years till retirement, so I am not going to bail out now.

Markets seem to be fighting this morning to recover some of their losses at the open. I figure by the end of this week, either we will have made some solid footing here, and headed back up, OR we plunge this week.

Who knows.....
 
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