ATCJeff's Account Talk

[Corepuncher]

Yesterday hurt not being on the train. If I had been in yesterday. I would now exit and take my profit.

Still looking for a entry point.

Jeff

You're out hoping for it to go down so you can get in and I"m in hoping for it to go up so I can get out. If we are both stubborn enough about it, we'll probably both be disappointed and meet somewhere in the middle :toung:

 

[ATCJeff]

Still hoping for a pull back into the 1225 range. Today's action should put us real close to a break-out(to the down side) of the ascending triangle Tom has been talking about in his comments. http://www.tsptalk.com/comments.html

Waiting on a entry point.

 

[ATCJeff]

Fund prices August 7th

G 12.5600
F 12.0825
C 14.4683
S 17.9861
I 20.8914

 

[ATCJeff]

If my calculations are correct, the following figures show the percentage that each fund is off it's all time high. Price & date included

G - never goes down
F - 1.29% $12.24 05/20/08
C - 17.65% $17.57 10/09/07
S - 15.52% $21.29 10/12/07
I - 20.60% $26.31 10/31/07

 

[Corepuncher]

If my calculations are correct, the following figures show the percentage that each fund is off it's all time high. Price & date included

G - never goes down
F - 1.29% $12.24 05/20/08
C - 17.65% $17.57 10/09/07
S - 15.52% $21.29 10/12/07
I - 20.60% $26.31 10/31/07

Same info also calculated here: http://www.tspcalc.com/ at bottom table of page.

We are adding some cool features to this page that will be available soon.

 

[ATCJeff]

Made a bold move and went 100% I for tomorrow. Looking for a quick 2-4% gain in the next 3-5 trading days.

Now if I could only get a -FV for today.

 

[WIND_HUNTER]

Made a bold move and went 100% I for tomorrow. Looking for a quick 2-4% gain in the next 3-5 trading days.

Now if I could only get a -FV for today.

I like it. Wish I had another IFT for Aug.

 

[ATCJeff]

I like it. Wish I had another IFT for Aug.

Thanks

 

[Corepuncher]

Made a bold move and went 100% I for tomorrow. Looking for a quick 2-4% gain in the next 3-5 trading days.

Now if I could only get a -FV for today.

Bold indeed. Make sure you have a stop out plan in case we stairstep down.

 

[ATCJeff]

Bold indeed. Make sure you have a stop out plan in case we stairstep down.

My max loss will be about 25K which is pretty close to 3% of my balance. Which by the way would put the S&P pretty close to 1225, if the I & C were to decline the same 3%. 1225 is very close to my buy-in on the C.
Bonus...I bought in on the I without a +FV.

Jeff

 

[kar_crazy]

Made a bold move and went 100% I for tomorrow. Looking for a quick 2-4% gain in the next 3-5 trading days.

Now if I could only get a -FV for today.

well i went 50% i just couldnt let em hang 100% in the I G L hope the next week goes great for you (us)

 

[ATCJeff]

well i went 50% i just couldnt let em hang 100% in the I G L hope the next week goes great for you (us)

Agree. These prices are cheap and I'm betting on a bail-out package of some sorts for Freddie and Fannie. That should send this market higher!

Jobless report came in a little under forecast. This should help also.

Come on I fund....

 

[fedgolfer]

Agree. These prices are cheap and I'm betting on a bail-out package of some sorts for Freddie and Fannie. That should send this market higher!

Jobless report came in a little under forecast. This should help also.

Come on I fund....

That's what I think too. The fall in the $/gain in oil is really helping the I fund today. The only reason I'm in S versus I is because the dollar index chart looks like it will find support in the $75 area and I was hopding to hold the S-fund through the start of September (depending on the technicals). But yeah, the I seems to have the pieces in place for short term pop... great call.

 

[ATCJeff]

That's what I think too. The fall in the $/gain in oil is really helping the I fund today. The only reason I'm in S versus I is because the dollar index chart looks like it will find support in the $75 area and I was hopding to hold the S-fund through the start of September (depending on the technicals). But yeah, the I seems to have the pieces in place for short term pop... great call.

Thanks. Though I sure am nervous. Unusual for me since I have a high tolerance for pain/risk.

 

[Corepuncher]

Agree. These prices are cheap and I'm betting on a bail-out package of some sorts for Freddie and Fannie. That should send this market higher!

Karl Denninger disagrees:

"If you are foolish enough to try to "draw" your Bazooka Mr. Paulson you will find quite quickly that instead of reacting "positively" and with "stability" to your actions the credit and equity markets will instead react as they did after Bear Stearns - with a short "pop" followed by yet another resumption of the collapse in process."

 

[ATCJeff]

Karl Denninger disagrees:

"If you are foolish enough to try to "draw" your Bazooka Mr. Paulson you will find quite quickly that instead of reacting "positively" and with "stability" to your actions the credit and equity markets will instead react as they did after Bear Stearns - with a short "pop" followed by yet another resumption of the collapse in process."

It's the short pop I'm after. Then I exit quickly.

 

[luv2read]

It's the short pop I'm after. Then I exit quickly.

How do you do that with 2 IFT's and a 12 NOON cutoff that gives you end-of-day pricing?

 

[ATCJeff]

How do you do that with 2 IFT's and a 12 NOON cutoff that gives you end-of-day pricing?

Short equals 1-5 days. I'm just trying to get atleast 1.5% a month.

 

[WIND_HUNTER]

Short equals 1-5 days. I'm just trying to get atleast 1.5% a month.

Well, it looks like you got the .5% today. Maybe you'll get the other 1% tomorrow. GL

 

[ATCJeff]

Well, it looks like you got the .5% today. Maybe you'll get the other 1% tomorrow. GL

Today's market was strange. Oil, dollar, financials...