Crommie's Account Talk

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If your in the stock funds as I am, it is decission time again. Should one be nimble and jump to safety after yesterday's reversal and today's negative start or should one be patient and wait for this bull run to resume it's upward push? In May, I was TOO patient and road the longest red day streak in years to a loss. :sick: Then on August 2nd, I was TOO nimble and jumped at the first sign of trouble only to have the market jump back up the next day! :mad:
From a TA perspective, it is probably smart to step aside for a while. From a IFT limit perspective (none left except to safety) I want to be in the market next week. This is because of seasonallity and headlines. For seasonallity, see these two charts previously shared by MrJohnRoss and Tom. Look at the last trading day of August on both charts!
073012b.jpg
chart-of-the-day-sp-500-average-return-election-years-july-2012.jpg
For headlines, there will be a lot of Leaders meeting in Europe later this week and over the weekend. Lately, when the PMs and Presidents talk, good headlines are produced. They don't want to look bad on the international stage...:rolleyes: Then next week we will have the FOMC meeting in Jackson Hole with an announcement on Friday the 31st followed up by, and probably overshadowed by, the ECB meeting/announcement on Sept 1st. I definately don't want to be in the garage while that parade goes by! So, I am staying on the band wagon, in the bull parade, cheering for the EU, FOMC, and ECB to lead us to higher highs! :nuts::nuts::nuts:
Good Luck Everyone!
 
I'm right there with you. Out of IFTs, would like to jump to safety, but there are 8 trading days left this month (counting today). 9 when you consider that you wouldn't be able to re-enter until the 2nd trading day of Sept. I think "sticky pants" are going to come back in fashion for the next couple days.
 
i hope things move up but if it does not thats alright also... i have been watching my tsp.gov account balance with my loan repayment. im paying back loan and buying loads of I and L2040 (dcaing). so if prices are low that means more shares bought yippee.... and im hoiping when things really get cranked a more noticeable growth will occur. i could not have a loan at a better time, its working for me. just my opinion....
 
crommie said:
AAPL is up one percent...

662.60 +6.54 (1.00%)

Real-time: 12:11PM EDT
Click to expand...

crommie, you holding aapl and are you buying more? i have some been holding since it was about $300. funny thing is i cant afford anymore now, but my son lookin to buy some more.
 
GUCHI said:
crommie, you holding aapl and are you buying more? i have some been holding since it was about $300. funny thing is i cant afford anymore now, but my son lookin to buy some more.
Click to expand...

Look for a pullback (of significance) to buy if you are not already in it... There will be a better price soon :)
 
You wanna make money - buy HVT (Haverty Furniture) or ETH (Ethan Allen Furniture) - catch the housing rebound while there is still time.
 
GUCHI said:
crommie, you holding aapl and are you buying more? i have some been holding since it was about $300. funny thing is i cant afford anymore now, but my son lookin to buy some more.
Click to expand...

No, I don't own it, wish I did though...:rolleyes:. I was looking at the correlation between AAPL and the S&P 500. AAPL is so powerful that it is practically a forward leading index unto itself. Great foresight on your part buying at $300! I hope you see $900 soon! :nuts:
 
If i could go back in time to when I was 18, I would dump my entire paycheck every month on apple stocks instead of booze and cigarettes lol
 
sniper said:
If i could go back in time to when I was 18, I would dump my entire paycheck every month on apple stocks instead of booze and cigarettes lol
Click to expand...

Ah yes, the money we all wasted in our youth...:rolleyes:

In the words of a Steve Forbert song, "Here's to the money in my hand and where it went..." :cool:
 
crommie said:
Ah yes, the money we all wasted in our youth...:rolleyes:

In the words of a Steve Forbert song, "Here's to the money in my hand and where it went..." :cool:
Click to expand...

With the amount of money that just got put in my hand today, I'm not going to let it disappear tomorrow or next week. Have you noticed that none of the reports about the ECB and their OMTs mention Greece? :suspicious: The creditors are back in Athens this week and will report on the lack of progress on Sunday the 9th. Then you have the German court ruling and the EU FMs meeting later in the week. I suppose it is possible that these events could be non-factors or even push things higher...but, not for me, going to G today.
 
crommie said:
Have you noticed that none of the reports about the ECB and their OMTs mention Greece? :suspicious: The creditors are back in Athens this week and will report on the lack of progress on Sunday the 9th.
Click to expand...

Well I obviously got out a week early on the 6th and missed out on the second leg up of 2-3%...oh well. Trying to stay patient now while waiting for the right time to buy back in. This has not been easy over the past week. But now it looks like Greece will be back in the headlines over the weekend or next week or the first week in October or maybe all three! :sick:
Here is the article: Greece, troika need several days to finalize cuts - MarketWatch.

Good Luck to Everyone!
 
The Greek thing is continuing to be a train wreck in super slow motion...what good could possibly come out of taking a week off from the talks? So, it now looks like the beginning of Oct will be ugly. Having an IFT left, and not wanting to go back into stocks yet, and only four trading days left this month, I am going into the F Fund to wait for a better C/S/I opertunity next month.
Good Luck Everyone!
 
Good morning,
It looks like the Greeks will get next months payment which will keep them solvent and in the EU for a while longer. Perhaps that is why the european markets are heading back up now?
See article: Samaras Bolstered as Greece Aims to Wrap Up Troika Talks - Bloomberg
Spain also seems to be back on firmer ground for the moment. This of course allows focus back on earnings. So, I am most likely buying back in today. The only question is which fund? I am leaning toward the I with perhaps a split with C. Any thoughts?
Good luck EVERYONE!
 
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