Corepuncher's Account Talk

[Corepuncher]

Buying a lottery ticket today....50 I 50 C. Call me crazy, but:

1) Bounced off 200 day moving average on S&P
2) 1100 or so is the lower channel connecting Jul to Feb lows
3) Fear is high a day after yesterday
4) Europe closed at lows going into weekend...maybe we can as well.
5) I fund flat today as we are down...showing relative strength. WIll rocket up once dollar corrects down.
6) The S&P bounce off 200 day may be catalyst for larger world rally and I fund is super oversold..and should bounce most.

Playing for a bounce...long term I'm not bullish at all.

 

[nnuut]

Buying a lottery ticket today....50 I 50 C. Call me crazy, but:

1) Bounced off 200 day moving average on S&P
2) 1100 or so is the lower channel connecting Jul to Feb lows
3) Fear is high a day after yesterday
4) Europe closed at lows going into weekend...maybe we can as well.
5) I fund flat today as we are down...showing relative strength. WIll rocket up once dollar corrects down.
6) The S&P bounce off 200 day may be catalyst for larger world rally and I fund is super oversold..and should bounce most.

Playing for a bounce...long term I'm not bullish at all.

CRAZY!!!:laugh:

 

[350zCommTech]

Buying a lottery ticket today....50 I 50 C. Call me crazy, but:

That's one big lottery ticket.

 

[Corepuncher]

Also, we are rallying in the middle of the day..much too early IMO and the bears will feast upon this rally by close.

 

[fedgolfer]

Also, we are rallying in the middle of the day..much too early IMO and the bears will feast upon this rally by close.

Hey, don't put the vodoo hex on the markets I just pushed more chips in yesterday. How about a 1135 to 1150 close on the SPX? EFA up 3.5%.

 

[Corepuncher]

Hey, don't put the vodoo hex on the markets I just pushed more chips in yesterday. How about a 1135 to 1150 close on the SPX? EFA up 3.5%.

That would be great....on Monday!

 

[steveg]

corepuncher, you DID buy a lottery ticket! I bought a smaller one, 30C.

Scary stuff, these markets. How you went 100 in is beyond me...

 

[Steadygain]

Buying a lottery ticket today....50 I 50 C. Call me crazy, but:

Playing for a bounce...long term I'm not bullish at all.

Here I was coming on to say something totally different. :embarrest:


I'm 'IMPRESSED' -- seriously -- I think you made a great move !


I am just a tag concerned about what you mean by 'long term' -- do you mean for this present 'correction' if we want to call it that?

Or do you mean over the next year or so -- you honestly don't expect the Markets to rebound and continue?

I'm okay with whatever you think - just wondering

 

[Corepuncher]

Hey Steady. I'm thinking a prolonged /several years/ period of deleveraging and working off all the debt we have racked up. The net result, I believe, will be a sideways to down market. And of course in between, gyrations like we are experiencing now. Just trying to catch some rallies.

Check it out...my I fund is already up 0.6% after hours...woohoo!

 

[Steadygain]

Thanks man.

That's fairly close to my thinking as far as the sideways stuff but I still see the 11,000 Mark being more the drawn out garbage area. I'm thinkin' most of the crap taking the spotlight will fade fairly soon and things will head back up.

But we'll see. Either way I figure we've got to go through a 'flattening period' which I see happening now.

 

[Corepuncher]

Hey I Funders...check out our share price today! -1.45% from previous day...

16.54 :cheesy::cheesy::cheesy:

I bet Birch is proud of me for getting such a good deal-i-o!

(Happy b/c I bought...sorry if you were still in)

 

[Boghie]

I figured on a 3% annual gain this year in the S&P 500

Thought I could play a bit and grow that to something respectable.

Oh, well...

 

[Corepuncher]

look at futures.

booyah!

 

[nasa1974]

look at futures.

booyah!

It's great that the futures are up but it is going to be tough to recover last weeks 10% loss.

 

[Corepuncher]

EMBRACE THE MACHINES! :cheesy:

Looks like futures will blow us right up past 1150 on the S&P again. So technically, I don't see why we don't go back to 1200. WOW. I'll have to think about staying 100 in though...I came in for a "bounce"...and boy did I get one (assuming a solid close). We'll have to see how EUROPE closes.

 

[fedgolfer]

... why play it for just a one or two day bounce, when its pretty obvious the big thursday dip was a created event so the big buyers could accumulate? If you bought in late Thursday or Friday, you're part of the select few, everyone else is chasing. We are obviously on the same side as the central banks on this trade (even though we have to hold our nose on the politics of it all). Any small retreat pre-open in the futures and currency markets are so more accumulation can be done on individual stocks.

 

[kar_crazy]

was you working the weather today C P .hope they skipped your area

 

[Corepuncher]

Fire weather met, glad I helped you to earn some money! It bounced my way. I'll continue to watch it closely.

Kar...yeah would you believe I left Norman to go storm chasing, went up to NRN OK...saw some great structure but no tor...then blasted south to try to get the one towards Henrietta...horrible roads, bridge out here and there..no tornadoes for me. sigh...what luck! I was just happy that I told my church on Sunday that today would be big and to take any tornado warnings VERY SERIOUSLY. I am more proud of this prediction as it may have saved lives.

 

[Corepuncher]

I fund now down -1.28% even while C fund is flat (as of 10:21 am). Glad I rolled out of that I fund and into C.

I seem to be on a roll with stocks and also weather forecasting. If anyone wants their fortune told, I suggest you ask me soon before it wears off!

:cheesy:

 

[Birchtree]

I have a question. How many weeks will it take this bull to push me into my next $M. I gave myself the goal of 40 weeks - that was from 3/12/10 and week #53 off the March 9th low of '09. That would put me at week #93.