Corepuncher's Account Talk

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I'm going 50C 50S COB today. A SURE SIGN OF THE TOP!

Even though I"m cautious longer term, I've got the itch to "play". Sure wish I could have caught more of this rally, but you tend to be conservative when you already made a big pile of chips. I'll see if I can get a percent or so.
 
Corepuncher said:
I'm going 50C 50S COB today. A SURE SIGN OF THE TOP!

Even though I"m cautious longer term, I've got the itch to "play". Sure wish I could have caught more of this rally, but you tend to be conservative when you already made a big pile of chips. I'll see if I can get a percent or so.
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Excellent Post !!!

Pretty much the opposite of what I was expecting. :toung:

I was really hoping for a 2% drop (or more) before adding the other 50%. The TOP is no where in sight and I've just been waiting for a sizeable speed bump to cash in on.

Anyway -- I go 100% as well -- with a tag more in S.

GL - and it's good to have ya back.
 
Well that little selloff (immediately after I bought in!) had me spooked but I held tight and now the S fund has outperformed splendidly. Went back to 100G today, after a quick 2% gain.
 
Corepuncher said:
Well that little selloff (immediately after I bought in!) had me spooked but I held tight and now the S fund has outperformed splendidly. Went back to 100G today, after a quick 2% gain.
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WOW !!! Thanks man ;)

I'll let ya know when you can go back in. Now I'm just barely starting my journey in positive territory so even a number like 300 looks great.

So let me get a 25 to 50 lead -- and then you're good.


Thanks for playing the name !! and especially for seeing how fun it can be. :D:D
 
If you want to live dangerousy, I suggest playing for a strong bounce in the I fund. The dollar is going hyperbolic...at some point it will correct (even if for a brief time) and the I fund could go up 2-4% in one day, IMO. But, I do not believe that now is the time. I will be looking to maybe go 50% I for a bounce at some point.
 
Thanks CP, I have 25% waiting in the G for that very purpose, trying to time it but I will probably get burned.:D
 
I practice knife catching regularly. Once the decision is made you must stick to your guns, whatever happens or except the losses. I'm not very good at the latter. If I pull the trigger and it continues to go down I will not budge even if it takes months to come back. 45 more minutes to decide.
 
WorkFE said:
I practice knife catching regularly. Once the decision is made you must stick to your guns, whatever happens or except the losses. I'm not very good at the latter. If I pull the trigger and it continues to go down I will not budge even if it takes months to come back. 45 more minutes to decide.
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Agreed, it's the folks that's can't take the pain who end up getting hurt when they bail to the side, then later watch the markets leave them behind. We do have exceptions, but this does seem to be the norm.
 
WorkFE said:
Still considering
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In my opinion.....if a down market (today) is the "bull market bounce" you'd expect after a BIG down day, then I'd say that is a bad sign. At the very least, I'd expect 50% or so rebound from the previous loss...but instead we are "down flat". Anyone who bought the dip back at the end of April expecting a return to the uptrend is probably sweatin it out right now...and if anything may freak out and bail. I would not return until volatility wanes and/or the Euro rockets back up. As long as there is instability in EUROPE, then the dolar will RALLY, and that is BAD for stocks...especially when overextended and needing a breather. I would wait for 1120's...technically it would be a good spot.
 
Thanks CP,
Already pulled the trigger. When we were moving up people froze waiting on a correction. Now its dropping and those same folks freeze waiting for the world to end. Technically I'm prepared to ride it down if necessary, hope it don't come to that but it could. You are correct. That looks like good support. (1120 safer play)
Bad news is coming to a head and is going to break one way or the other. If it breaks in favor of the upside it may move so fast if your on the wrong side you won't catch any of it. If the bottom drops out I'll be buying up more shares at cheaper prices. (time is on my side)

Danged if ya do danged if ya don't. But the safe play is to wait.
 
WorkFE said:
Thanks CP,
Already pulled the trigger. When we were moving up people froze waiting on a correction. Now its dropping and those same folks freeze waiting for the world to end. Technically I'm prepared to ride it down if necessary, hope it don't come to that but it could. You are correct. That looks like good support. (1120 safer play)
Bad news is coming to a head and is going to break one way or the other. If it breaks in favor of the upside it may move so fast if your on the wrong side you won't catch any of it. If the bottom drops out I'll be buying up more shares at cheaper prices. (time is on my side)

Danged if ya do danged if ya don't. But the safe play is to wait.
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I just think the body of evidence will turn the markets lower. It's taking some risk off, from extremely bullish levels. Given such violent moves in the dollar and other currencies...and unstable sovereign debt issues/credit risks, nobody knows what to invest in (oil, stocks, gold???). Small caps and tech were leading the rally now they are unfolding. I think big players will take some off the table...but retail investors will likely try to buy these little dips...like this morning.
 
Birchtree said:
Suggest you burn that 25% today - don't wait on a price of $17.00. It won't go that low.
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As of this writing and judging from the EFA quote, I fund is in the 16.90's.

I am debatng a buy around 1150 on the S&P...but may be too early. Would not be surprised to see 1150 the floor for today. If tomorrow is down, there could be a short covering rally going into the weekend. Or, if we bottom out early today, a short covering rally into the close, but down Friday. I'm looking at 1100-1120 as a buy in point. If we stall just short of those levels, then it's all the same but I want to see how we behave around 1150. ALSO...parlament votes and crap like that going on...remember how that worked with the last "bailout" vote? Dow down 777?
 
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