BamaAF's Account Talk

[weatherweenie]

Looking at Washington Mutual that could send this Market up 250 points but then again there was Ambac

UBS was upgraded to a buy from neutral at Merrill Lynch. That's helping the financials too.

 

[BamaAF]

Changed mind and going 100% G as of COB today -- If going to burn an IFT let's burn it all the way -- plus have a hunch rest of week may not be real rosey

Going 33% C, 33% S, and 34% I COB today

 

[BamaAF]

Wow, out of everyone on the tracker I made the only IFT back into stocks today. Feel like I'm an island now. Maybe the only sucker of the bunch.

OK veterans, what signals did I miss not to jump back in?

My reasoning was that GE sent stocks plummeting because it was unexpeted news. Now everyone will expect bad news across the board and not react so negatively. Plus maybe, just maybe there will be some unexpected good news.

The market may drop more Monday, but I figure I got out of stocks Monday COB and got back in them today COB, so I missed some big losses, and even if it drops more (hopefully not much) I will be in the game for any rally.

 

[EW_ret]

The support of 1340 on S&P500 was broken, and volume was light. Many expect more selling next week and we could go below 1300. The monthly/quarterly earnings reports will be in full swing next week. Some are saying since GE surprised all with a bad report, expect more bad earnings reports next week. Next week will be volatile since its options expiration week.

 

[BamaAF]

Yikes!! Can I buy a mulligan?

Oh, well, maybe I will get some blind luck. Hoping the doom and gloom and possible over reaction on GE will soften the blow of more bad news and the fall will be slight. Then maybe get an acorn tossed this way with some less than expected bad news and get a mini run up.

I have moved out of stocks and back in this month which equals two, if I understand the new rules I can move once more this month, but only to the saftey of the G fund.

Will buckle up tight for next week and be prepared to puch out and take my lumps if need be.

Tks for the info EW
:worried:

The support of 1340 on S&P500 was broken, and volume was light. Many expect more selling next week and we could go below 1300. The monthly/quarterly earnings reports will be in full swing next week. Some are saying since GE surprised all with a bad report, expect more bad earnings reports next week. Next week will be volatile since its options expiration week.

 

[BamaAF]

Thinking about moving from CSI to G and/or F COB today. I believe Google set to announce after close today, what else is on tap today and tomorrow? Decisions Decisions....

 

[BamaAF]

Dang -- what's up (or down) with the I Fund this morning? --

 

[BamaAF]

Well -- at least my allocation will buy in lower

 

[BamaAF]

100% G COB today

Was 33 C, 33 S and 34 I

 

[BamaAF]

May has done a lot better than I expected; still sitting 100% G awaiting the "drop" to re-enter the fray. The "drop" may not be coming though.

 

[Buster]

Yeah, it's coming..today or tomorrow..But be ready when it hits bottom to jump on...

 

[Birchtree]

Waiting....this is a slow and sure process as the bulls continue to add to their strength, while at the same time, people continue to look for reasons for a top. The expectation of a rest period has so far not materialized. Rest periods might be an impossibility with all the liquidity hitting the markets simultaneously - with two rate cuts in less than a week in January. The bulk of this tsunami money still hasn't hit yet. I think there is incredible strength yet to come. If we get the faster EMAs back above the 1% trend, we're back in a bullish configuration. If we are able to take out the October highs on the MCSUM this will indeed clear the way to new highs in the NYA price pattern.

 

[Buster]

Waiting....this is a slow and sure process as the bulls continue to add to their strength, while at the same time, people continue to look for reasons for a top. The expectation of a rest period has so far not materialized. Rest periods might be an impossibility with all the liquidity hitting the markets simultaneously - with two rate cuts in less than a week in January. The bulk of this tsunami money still hasn't hit yet. I think there is incredible strength yet to come. If we get the faster EMAs back above the 1% trend, we're back in a bullish configuration. If we are able to take out the October highs on the MCSUM this will indeed clear the way to new highs in the NYA price pattern.

I'm with ya Birch, but a couple of BIG IF's there to hope for..

 

[BamaAF]

Some kind of news come out or something? C & S taking a dive...

 

[Birchtree]

FMOC minutes - no more rate cuts even if we approach the fires of hell.

 

[Guest2]

FMOC minutes - no more rate cuts even if we approach the fires of hell.

The red your seeing is not from the fires of hell, but the effects that this
is having on the market right now,,,,,ouch !

 

[BamaAF]

If it doesn't appear that stocks are spiking Tues morning, I plan on moving back into stocks and ride them into June.

 

[luv2read]

If it doesn't appear that stocks are spiking Tues morning, I plan on moving back into stocks and ride them into June.

I expect at least one more leg down next week to at least 1360-50 and will do the same...more in.

 

[BamaAF]

Going 100% I COB today (was 100% G) -- will still leave me with 1 IFT for May

Will watch rest of week hoping for a lower buy in on C fund

Would like to be into some sort of CSI mix going into June --

 

[Guest2]

Going 100% I COB today (was 100% G) -- will still leave me with 1 IFT for May

Will watch rest of week hoping for a lower buy in on C fund

Would like to be into some sort of CSI mix going into June --

Congrat's on your outstanding results in April. WTG !