Corepuncher's Account Talk

[Birchtree]

Nnuut,

The point is the principle of fair treatment rather than prejudicial biases. The number of my reputation points is not important - it's the potential for abuse by an arrogant moderator that has me torqued and then he tries to hide the deed rather than taking ownership of responsibility. I learned a valuable lesson today - I won't be going to Jiffy Lube anymore. Allow me to tell you what the comments were: "You just can't admit when you are wrong. Enjoy the ride down." Those comments seem a little hypocritical considering his tracker level is way below mine. It really don't mean a thing - it's only the principle. When I do wrong I'll gladly take the punishment - but I don't like to be needlessly framed.

 

[nnuut]

Big down day today for the Market, always puts everyone on edge and disagreements on methods of investing are going to happen. We are all sight unseen friends, but we know each other very well. Now is the time to put out the fire. We can straighten this out but we are really trashing CP's thread so let's use PMs for any futher conversation on this matter.
Thanks
Norman

 

[ATCJeff]

CP , our move is looking great now!

 

[Corepuncher]

Corepuncher,

I just want you to know that moderator ChemEng may have tried to set you up as a perpetrator of a negative reputation points administered to me. You can check back on your post #587 dated 8/23/08 to see what transpired. Point on the scales in the upper right hand corner to read the comments - could I be wrong? I think he may be abusing his role as moderator with too many prejudicial biases. Only moderators can deliver negative reputation points - but why try to do it on an anonymous basis rather than taking ownership.

I guess I don't understand. If I click on the scales it just says to add to your reputation, I don't see any comments.

 

[Corepuncher]

CP , our move is looking great now!

Yeah, I just woke up to see (on night shifts). I'd say that is confirmation of a downtrend. Most people (except Birch of course should be scared to buy stocks right now. No rally is safe. Awe...isn't that cute, the VIX "went" to 25.5. Pathetic...as was the "spike" above 30 in July. We haven't seen nothing yet!!!

 

[nasa1974]

I'm afraid to see how bad I got spanked today.

 

[JTH]

I'm afraid to see how bad I got spanked today.

You got spanked? I got it in the nuts with a bat! :cheesy:

Oh well, my 25% S is already at the bottom. We've still not tested July's lows. What bad news can they drop on this market now? And honestly who cares about Lehman Brothers? You LB guys just need to bow out and this market needs to stop reacting to the inevitable.

 

[Birchtree]

LEH will end up a buyout for the infrastructure alone - an ongoing business.

 

[Corepuncher]

http://www.minyanville.com/articles/bull-bear-SECULAR-cyclical-markets-profits/index/a/18801

Trade or be traded! (hmm, that might be a good t shirt slogan...)

Updated Tracker COB 9/9/08
----------------------------------------------------------------------
2008 YTD Return: +10.02%
Today: +0.01%
Current Allocation: 100G
Tentative Next Move: Enjoy earning money every day in G. Watch and see if Q3 earnings results in a new direction.
----------------------------------------------------------------------

 

[Braveheart]

http://online.wsj.com/article/SB122096527557014629.html?mod=hpp_us_whats_news


LEH - DONE DEAL !!!


In an attempt to assuage investors, Lehman said late Tuesday that before markets open Wednesday, it will offer a preview of its third-quarter earnings and announce "key strategic initiatives."
The people familiar with the firm said Lehman plans to announce it is in talks with money manager BlackRock Inc. to sell a package of primarily British residential real-estate assets. Also, Lehman is expected to announce a separate plan to spin off some commercial real-estate assets into a new company, referred to internally at Lehman as SpinCo. The remaining portion of the firm, shorn of much of its distressed real-estate assets, is being called CleanCo, these people say.
Lehman has been shopping for investors to buy a piece of its investment-management unit, which includes the profitable asset-manager Neuberger Berman. Three private-equity firms are in the running for this division, with bids due late Friday night. People familiar with the company say this piece could bring in about $5 billion.
The 158-year-old financial firm was trading normally with counterparties on Tuesday. Rival Wall Street firm Goldman Sachs Group Inc. said it was doing business with the firm.

 

[JTH]

LEH - DONE DEAL !!!

Thanks for the heads up, maybe I'll sleep better tonight...

 

[Braveheart]

Thanks for the heads up, maybe I'll sleep better tonight...

You know nothing is a sure bet but the Wall Street Journal is as good as it gets and BlackRock Inc is worth about 1.5 Trillion so if they are buying I wish they would take over the TSP while they are at it. :nuts:

 

[nasa1974]

You got spanked? I got it in the nuts with a bat! :cheesy:

JTH, Sorry for your pain, but you gave me a great laugh this morning. :laugh: You faired much better than I did however.

I would be interested in how much money was lost in the TSP over the last couple of days do to the fact that we are all limited to 2 IFT's.

May the force be with us.

 

[justbizness45]

JTH, Sorry for your pain, but you gave me a great laugh this morning. :laugh: You faired much better than I did however.

I would be interested in how much money was lost in the TSP over the last couple of days do to the fact that we are all limited to 2 IFT's.

May the force be with us.

Take the tally at the end of the month. I didn't lose yesterday because I got out. As result I have no IFTs left. I'm sure the will be a point between now and 1 Oct I would have gone back in and that's when I will be counting the loss.

 

[nasa1974]

Take the tally at the end of the month. I didn't lose yesterday because I got out. As result I have no IFTs left. I'm sure the will be a point between now and 1 Oct I would have gone back in and that's when I will be counting the loss.

I am not talking about the members in this MB but the whole TSP membership. Those of us here understand the results of our actions. Good and bad. As a whole how much money was lost from 9/4 to yesterday by the 3.X miliion members of the TSP: a) because they do not follow their accounts except by quarterly statements and let their money sit in the same fund month after month (as the FRTIB would like all of us to do) or b) Those that wisely (or unwisely like me Monday) manage their 2 IFT's and didn't make a move so they might still be a player for the month instead of sitting in G and maybe missing a rally before the end of the month (trying to at least break even for the month).
It goes without saying that if we had one or two extra IFT's that we could manage our accounts better. Plus less stress on what to do and when.


May the force be with us.

 

[Guest2]

This is a small statement I just made in Steady's thread;

"In a Bull Market, you must try to make more then the Risk Funds have to offer. In a Bear Market, you must try to limit the loses that those risk funds are experiencing. Don't give up as there's going to be opportunities out there to take advantage of. But for now, your thoughts are cautionary and wise. Even if you miss the bottom or a bounce off negative overreaction, I believe your alot smarter then anyone sitting in the TSP Risk Funds with unconditional vigor".

 

[Corepuncher]

This is a small statement I just made in Steady's thread;

"In a Bull Market, you must try to make more then the Risk Funds have to offer. In a Bear Market, you must try to limit the loses that those risk funds are experiencing. Don't give up as there's going to be opportunities out there to take advantage of. But for now, your thoughts are cautionary and wise. Even if you miss the bottom or a bounce off negative overreaction, I believe your alot smarter then anyone sitting in the TSP Risk Funds with unconditional vigor".

My experience is limited, but I found it extremely hard to consistently beat the market when in a bull run. If you get caught on the wrong side, you can be left behind quickly.

Honestly, Bear markets make all us traders look like geniuses. I must admit, I'm having a blast! But I can't wait for the next extended bull run so I can throw it in to win.

 

[Corepuncher]

Here we go:

http://www.businessweek.com/investo...an=investing_investing+index+page_top+stories

"Tanona figures Merrill will be unable to avoid additional writedowns in the coming quarters because of further deterioration in the credit markets, particularly mortgages." (note the plural "quarters")

"He figures Merrill will return to profitability by the end of 2009 with earnings of $2.50 a share."

I believe this may be typical of many of the financials.

housing: http://www.cnbc.com/id/26624121

Hey everyone, wave goodbye to the 1300's...it was nice knowing ya!

"Ready the time machine Sherman. Next stop, the great depression"

 

[Guest2]

My experience is limited, but I found it extremely hard to consistently beat the market when in a bull run. If you get caught on the wrong side, you can be left behind quickly.

Honestly, Bear markets make all us traders look like geniuses. I must admit, I'm having a blast! But I can't wait for the next extended bull run so I can throw it in to win.

If you don't mind, I'd like to ride on those coat tails of yours.
Your doing so well, hold that head up high ! I've dropped down
in the Tracker to the 60's, like a unexpected Acid Trip !

 

[fabijo]

I've dropped down in the Tracker to the 60's, like a unexpected Acid Trip !

I sometimes wish for an unexpected trip. It could be fun to just suddenly find yourself realizing many things, enjoying the simplest of things because it means so much, and I could swear my dog just spoke to me.