bmneveu's Account Talk

[goforit]

i have been waiting to get back in since the 6th. have one IFT left and well watching this go up 3% since then kind of sucks. but i still have the 1.7% and have not lost it. this years goal is to gain 2% per month. once i get there for the month i SHOULD go and do this capitaliztion preservation thing. good luck

 

[bmneveu]

i have been waiting to get back in since the 6th. have one IFT left and well watching this go up 3% since then kind of sucks. but i still have the 1.7% and have not lost it. this years goal is to gain 2% per month. once i get there for the month i SHOULD go and do this capitaliztion preservation thing. good luck

Thank you. Our goals for the year are virtually the same. I'll take 24% a year for the rest of my life

 

[bmneveu]

Hoping for a buying opportunity within the next few trading days so I can use my last IFT and start FEB already invested!

 

[bmneveu]

Anyone else thinking about jumping in on this weakness? How much more steam does this run up have?

 

[Bquat]

Anyone else thinking about jumping in on this weakness? How much more steam does this run up have?

Ok, I'll go with 1282 as a place where buying may start. A 2 to 2 1/2 % correction would be good for this and may satisfy the Bulls waiting for the dip. If that line breaks the Bears start to win.
This is my edumacated guess.

 

[JTH]

Anyone else thinking about jumping in on this weakness? How much more steam does this run up have?

I'll jump in tomorrow with a partial allocation, not because I want to, because I don't want to waste my last IFT.

 

[bmneveu]

A few minutes ago I contemplated going 50 F 50 S just to get in before FEB. But if you cant already tell by that allocation, I'm up in the air on where we're going from here. I would love a few more % gain but I won't risk getting in on the top for it. I'm staying out unless there's a significant pullback before noon.

 

[RealMoneyIssues]

A few minutes ago I contemplated going 50 F 50 S just to get in before FEB. But if you cant already tell by that allocation, I'm up in the air on where we're going from here. I would love a few more % gain but I won't risk getting in on the top for it. I'm staying out unless there's a significant pullback before noon.

There was a pretty big pullback yesterday before noon... gap down, further selling, a little dip buying... now, the afternoon was a whole other story.

So, I guess I am curious, Sailor. What else would cause you to IFT?

 

[bmneveu]

There was a pretty big pullback yesterday before noon... gap down, further selling, a little dip buying... now, the afternoon was a whole other story.

So, I guess I am curious, Sailor. What else would cause you to IFT?

Good Q RMI. I nearly bought in yesterday but wanted to see 2 down days in a row. Looking back, I don't know what I was thinking! Haha

 

[RealMoneyIssues]

Good Q RMI. I nearly bought in yesterday but wanted to see 2 down days in a row. Looking back, I don't know what I was thinking! Haha

Me either, hence the question. I always like to hear the reason why someone is going to buy at the top of a long uptrend

 

[bmneveu]

Good Q RMI. I nearly bought in yesterday but wanted to see 2 down days in a row. Looking back, I don't know what I was thinking! Haha

Me either, hence the question. I always like to hear the reason why someone is going to buy at the top of a long uptrend

Are you looking to short here?

 

[RealMoneyIssues]

Are you looking to short here?

nope, just curious

 

[goforit]

I always like to hear the reason why someone is going to buy at the top of a long uptrend


i am no expert by no means. but if you look back at this month in this year you will see that there were many days where the uptrend was a slow but steady climb. it seemed to go up .25-.85 % a day with no REAL pull backs. so in my opinion only if the market climbs as low as .25 % a day by weeks end it would have finished the week with a 1.25% increase and that is not too bad and if it continued for the week with and average of 4 weeks in a month that could be upwards to 6% a month. now granted this is in a perfect world so for me waiting on the sidelines all month sucked so i put a little in just to get some. have a good day.

 

[RealMoneyIssues]

I always like to hear the reason why someone is going to buy at the top of a long uptrend

i am no expert by no means. but if you look back at this month in this year you will see that there were many days where the uptrend was a slow but steady climb. it seemed to go up .25-.85 % a day with no REAL pull backs. so in my opinion only if the market climbs as low as .25 % a day by weeks end it would have finished the week with a 1.25% increase and that is not too bad and if it continued for the week with and average of 4 weeks in a month that could be upwards to 6% a month. now granted this is in a perfect world so for me waiting on the sidelines all month sucked so i put a little in just to get some. have a good day.

I don't necessarily disagree with you. At this point in the market, as short and as strong as this up move has been, AND most indices are in an overbought condition. I would have a tight stop in case of a reversal, and in TSP, I just wouldn't enter... but as you so directly put it, I am also not an expert, and I was curious why he was entering so I could add to my knowledge not slam him in any way at all.

Also, as PermaBull so regularly tells us, a strong bull market can stay overbought for a long time... I am not so sure that THIS is a STRONG bull market, and I will change my tune as soon as we get back to normal volume in the markets...

 

[goforit]

i wasn't trying to slam him, i am also in the boat of sitting on the sidelines and watching this thing climb slow wishing i never got out in the begining of the month(trying to stay true to my goal of +2% gain a month) but i also was sitting on one more IFT for the month and jumped in before the deadline yesterday with just a litle bit and YES i too really wasn't sure if i should. thanks for your input because i do read you alot and take alot in of what you say so thanks for your help. lets make money! retirement is around the corner for us all.

 

[RealMoneyIssues]

lets make money! retirement is around the corner for us all.

 

[jkenjohnson]

Me either, hence the question. I always like to hear the reason why someone is going to buy at the top of a long uptrend

Such a move is dangerous indeed. If I wasn't already in, I would never get in now.

 

[Mapper]

Market timing is a gamble. No matter what any indicators say, no one knows where the market will go. Two other adages may apply here:
1) "The trend is your friend"
2) "The market likes to do exactly what you least expect"...and so many are still expecting a pullback.

No position is permanent. I'd consider buying here because there are lot of people sitting on the sidelines. We've reached a bit of a plateau in the S&P 1300-1315 range, it could break either way, up or down. It's a question of risk tolerance. If you want to make money on that break and get a good entry price you place a bet one way or another. If you want to follow the break you'll be chasing, not that there's anything wrong with that.

I "chased" into TNA at $52.30 and don't regret it...

...yet

 

[RealMoneyIssues]

2) "The market likes to do exactly what you least expect"...and so many are still expecting a pullback.

AND, so many are expecting this market to keep going up...

Who is going to win?

 

[Mapper]

Who is going to win?

The house!

But you're right. My informal, finger in the wind polling is showing increasing bullish sentiment. This particular discussion being a prime example.