amoeba's Account Talk

[Boghie]

Amoeba,

The number of people saying something doesn't matter.

The only thing that matters is the voice of those who stand to lose reputation by being grossly incorrect, incompetent, or idiotic. Journalists don’t seem to get smacked around when they prove their ignorance. And, when there is no news they make news.

If what CNN was yakking up last Friday was true than northern Japan would be a smoking hole irradiating the world. And, those uranium pellets would be burrowing through the earth - just about reaching Berkley or something.:nuts:

 

[burrocrat]

Have you ever heard of the law of attraction?

The Law of Attraction simply says that you attract into your life whatever you think about. Your dominant thoughts will find a way to manifest.

oh goody, so when do all the nekked women and piles of cash get here? c'mon over man, this is going to be good.

 

[amoeba]

Amoeba,

The number of people saying something doesn't matter.

The only thing that matters is the voice of those who stand to lose reputation by being grossly incorrect, incompetent, or idiotic. Journalists don’t seem to get smacked around when they prove their ignorance. And, when there is no news they make news.

If what CNN was yakking up last Friday was true than northern Japan would be a smoking hole irradiating the world. And, those uranium pellets would be burrowing through the earth - just about reaching Berkley or something.:nuts:

I didn't get that out of CNN....I thought they tried to make it look good....a bunch of helicopters flying around dumping water spray on a nuclear reactor and think it is doing a lick of good; and some newsprint that said it was having an effect. But now that you mention it, it is a smoking hole irradiating the world. The current medical threat is de minimus, but the misfocus on it ignores the much larger economic effect on Japan in terms of the tsunami/lost power itself, and the effect on certain supply chains and consumption. And oil. And a tired rally. And the fact that we are still below the 50 EMA; and the buy/holders and knife catchers who didn't hit the bottom exactly could lose money next week.

 

[Birchtree]

One more up day amoeba and you'll be genuflecting into the 700 club.

 

[amoeba]

Birch lost 4% (so far) compared to my 4.7% this month......nothing to gloat about yet.

 

[JTH]

Birch lost 4% (so far) compared to my 4.7% this month......nothing to gloat about yet.

With Libya, the Middle East, and a Global disaster in Japan, the S&P 500 is currently down 4.75% and had only lost 7.06% at the most. Does this sound to you like a market that is willing to turn over? Send me a P.M. before you make your IFT into stocks, so I'll know when to make mine to get out...

 

[amoeba]

With Libya, the Middle East, and a Global disaster in Japan, the S&P 500 is currently down 4.75% and had only lost 7.06% at the most. Does this sound to you like a market that is willing to turn over? Send me a P.M. before you make your IFT into stocks, so I'll know when to make mine to get out...

Who said I was going into stocks? futures are up, and if it holds above your last buy-in, short of the 50 DMA for what is it? day #4 or 5? it will be interesting if you will be able to keep your finger off the button.

Or mine - for that matter - like buying into F-fund if there is a rotation.

Anyway.....there is no IFT entered at the moment (if I do, I will once again break JTH's cardinal rule)....

As to your question. No, it doesn't sound like the market is turning over; rather......I've already posted 3 or 4X that this is relatively undersold off. So it could be people hanging in there, looking for a quick out somewhere near or slightly above the 50 dMA (say, like you), or it could be people hanging in there thinking it will rise back.

Now the Libyan thing is changing....I wish I knew how it will come out....I don't know what the USA is doing sticking there fingers in this pile of, well, whatever....you know what I mean, I think.....

 

[felixthecat]

No fear at all. War you would think would be bad for markets. Instead it usually lifts the market. Go figure. The market looks like it will grind up. As far as Japan. That is the wild card here. I'm all in because I don't see anything beyond my blinders. I'm going to pull all my money out though in 2012 because the world is going to end. Knock on wood...I'm not serious.

Anyway...10 % C all the way.

 

[Geaux4it]

[/QUOTE]Now the Libyan thing is changing....I wish I knew how it will come out....I don't know what the USA is doing sticking there fingers in this pile of, well, whatever....you know what I mean, I think.....[/QUOTE]

Ditto-

The US enjoys sticking our nose is others business. Yet, we let the BG's sort it out among themselves in the streets of Los Angeles and the like. But in another country? Can't let that happen.


Like my $$$, it's time for our country to think about self preservation.

OK- off my political soapbox for at least the nest 24 hours lol..

Nothing like stepping into a 'dung heap'.

-Geaux

 

[FAB1]

Birch lost 4% (so far) compared to my 4.7% this month......nothing to gloat about yet.

Now I seen everything: Brag on who is the smaller of Losers? :blink:

Well, I dont know your favorite pick(s) but potetial to make money is there.

if you have been out of stocks then for the last two trading days you have lost money. Could have gained 1.77 C, 1.34 S, or 3.66 I fund

Futures Monday are lookin good, too!

 

[Boghie]

Ouch...
Just, ouch...


All out is all out of the money

 

[Birchtree]

Did he make the #700 club? I bet he did as the bottom folks below him that are invested moved up.

 

[amoeba]

Check again on those monday futures, oh Fab1.

Now I seen everything: Brag on who is the smaller of Losers? :blink:

Well, I dont know your favorite pick(s) but potetial to make money is there.

if you have been out of stocks then for the last two trading days you have lost money. Could have gained 1.77 C, 1.34 S, or 3.66 I fund

Futures Monday are lookin good, too!

No they aren't; futures have turned negative; (~8 pm PST); what's good about that? Futures will be futures.....sometimes they reverse......sometimes they accelerate in either direction;

There's potential to make or lose money; it is good to see the market close above the 50 EMA, albeit barely. This is yet another tough call, especially with the futures flopping around.

And yes, it was birchtree bragging about losing only 4%, not me. He can also brag about losing 42% in 2008. It doesn't take a math genius to figure out if you have 4/10 dollars, you need to make 150% to compensate for your 60% loss. Did you do that? I think not.

 

[Birchtree]

My good fellow, you still don't understand the strategy of dollar cost averaging. In a buy and hold position the number of shares don't change only their value - when their value becomes less it's a devaluation that is temporary not a registered loss. DCA allows you to accumulate more shares at lower prices and because they are dynamic they then contribute to erasing any previous devaluation because you now own even more shares that work in your favor. The come back from the previous devaluation is quicker - because you continue to dollar cost average all the way back up off the bottom. DCA is the redeemer of all portfolios when used correctly. Most unfamiliar folks divert their contributions to the G fund when their asset base is on the bottom - that's the wrong approach. It does take courage to buy the bottom and follow through with dollar cost averaging. You are in that envious position now - work your plan and build shares.

 

[Boghie]

Amoeba is probably contributing to the 'G Fund' - or not at all.

That way he can 'Market Time' his IFTs

My good fellow, you still don't understand the strategy of dollar cost averaging. In a buy and hold position the number of shares don't change only their value - when their value becomes less it's a devaluation that is temporary not a registered loss. DCA allows you to accumulate more shares at lower prices and because they are dynamic they then contribute to erasing any previous devaluation because you now own even more shares that work in your favor. The come back from the previous devaluation is quicker - because you continue to dollar cost average all the way back up off the bottom. DCA is the redeemer of all portfolios when used correctly. Most unfamiliar folks divert their contributions to the G fund when their asset base is on the bottom - that's the wrong approach. It does take courage to buy the bottom and follow through with dollar cost averaging. You are in that envious position now - work your plan and build shares.

 

[JTH]

I'm not amused

Let this message be sent out to anyone who will receive it. If you don't know how to trade with clear and concise goals, then don't do it. Either Buy & Hold (hold means DON"T SELL) or use a premium service. All kidding aside, wealth destruction isn't funny, it's a preventable tragedy. After all, what we do now (or don't do) determines the future quality of life for ourselves and more importantly our loved ones. Amoeba isn't the only one on this forum who's in the hole.

 

[Britts4life]

I'm not amused

Let this message be sent out to anyone who will receive it. If you don't know how to trade with clear and concise goals, then don't do it. Either Buy & Hold (hold means DON"T SELL) or use a premium service. All kidding aside, wealth destruction isn't funny, it's a preventable tragedy. After all, what we do now (or don't do) determines the future quality of life for ourselves and more importantly our loved ones. Amoeba isn't the only one on this forum who's in the hole.

Hmmm,

Investing is not a science but more of an art than anything. So much emotion and so many emotional fools.

That was BT in his thread. Very different views on investing.

 

[Birchtree]

Men who can be both right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a speculator has firmly grasped this that he can make big money.

 

[JTH]

Hmmm,


That was BT in his thread. Very different views on investing.

Actually our views aren't as different as one might think. I separate Trading & Investing as two entirely different concepts. For me, investing is a long-term concept while trading is short/mid and long-term. I trade my TSP & brokerage account while Investing in my ROTH IRA

 

[amoeba]

It depends which view JTH is talking about:

BT's conclusion that constant DCA somehow converts magically into a gain has been shown, by JTH, to be mathematically incorrect. It comes up about every 3-6 months; the last time, JTH posted all sorts of calculations and tables (on my thread) - showing BT is wrong - yet he once again brings it up as if buy-and-hold was some sure way of making money because there are steady contributions, in dollars, and therefore you get more shares and make money when a market goes down and then back up.

Uh-uh. NO. doesn't work like that.

I don't think JTH share's BT's lack of understanding of math.