Gumby's Account Talk

[Silverbird]

I was just wishing we could get some real numbers so this market would finally locate a bottom for this cycle. May or may not happen for awhile.
C fund looks very tempting to DCA into when S&P500 is less than 900.

I understand your fustration, the only way you can deal with the unemployment data is to keep track of trends. You could possibly do some analysis using changes in employment data instead.

 

[Gumby]

My trading account....I bought Nov Call on SDS 84 strike at $3.80 election day. Ticker .sbjkf :nuts:

SOLD .sbjkf at high trade of the day @ $15.00
394% profit in 2 days....... Amazing....for me anyway!

I wish I could do that with my TSP account!

 

[Gumby]

Don't you just love this market.

Let's see....this morning.

1. We have Circuit City filing for bankruptcy

2. An analyst says GM stock is worth $0.00

3. DHL is cutting 9,500 jobs in the US

4. AIG had a huge loss and Uncle Sam comes to the rescue again

5. Oil is up....OPEC is cutting production

6. China begins a half trillion bailout of its own...maybe their GDP outlook is not as grand as many people believe

7. Two more banks belly up

8. Fannie loses $29 Billion....yes that is with a B in the quarter


AND the futures point to a higher open on the S&P500 of 2%.....

Insanity or short covering????????? Contrarians?????
What gives? :worried:

 

[Eldritch Flatus]

Heh! You just scared the crap out of the markets.

 

[nasa1974]

Heh! You just scared the crap out of the markets.

SCARED might not be the right word. PANIC comes to mind. In the famous words of King Aurther's Knights of the Round Table from Monty Python's "In Search of the Holy Grail" "RUN AWAYYYYYYYY!!!!!"

 

[Guest2]

SCARED might not be the right word. PANIC comes to mind. In the famous words of King Aurther's Knights of the Round Table from Monty Python's "In Search of the Holy Grail" "RUN AWAYYYYYYYY!!!!!"

What is the wing span of a Yellow Bellied Swallow. ahhhhhhhhhhhhhhh !:nuts:

 

[Eldritch Flatus]

16 (Sixteen) inches.

 

[Viva_La_Migra]

What is the wing span of a Yellow Bellied Swallow. ahhhhhhhhhhhhhhh !:nuts:

African Swallow, or European Swallow?

 

[Frixxxx]

African Swallow, or European Swallow?

CLASSIC!!!!:nuts:

 

[nasa1974]

African Swallow, or European Swallow?

So many great scenes almost too many to quote from. Anybody see "Faulty Towers" with John Cleese?

 

[Gumby]

Are we going to test new lows today...or tomorrow.


Bought Nov 85 Call on SDS @$10.50 Friday ticker .sbjkg
Sold @ $14.00 today

Profit 33%

 

[Gumby]

Are we going to test new lows today...or tomorrow.

Looks like it was "tomorrow". P&F chart shows a target of 785 for the S&P500. We are near te October lows and might go below on 11/13.
I am going nibble back into stocks with a IFT 75%G, 25%C since futures point to a gap down open this evening and Far East markets are in the red tonight. This will be my first IFT for the month. I will keep majority of funds in G in case of more drop in the markets and DCA more if the market continues to drop.

I am on leave and might not make it to a computer in the morning, so I am going to make my IFT tonight and hope for the best.:nuts:

Good luck.

 

[ATCJeff]

Looks like it was "tomorrow". P&F chart shows a target of 785 for the S&P500. We are near te October lows and might go below on 11/13.
I am going nibble back into stocks with a IFT 75%G, 25%C since futures point to a gap down open this evening and Far East markets are in the red tonight. This will be my first IFT for the month. I will keep majority of funds in G in case of more drop in the markets and DCA more if the market continues to drop.

I am on leave and might not make it to a computer in the morning, so I am going to make my IFT tonight and hope for the best.:nuts:

Good luck.

I'm thinking more along the line of the 2002 low which is 800.

 

[Gumby]

I'm thinking more along the line of the 2002 low which is 800.

Jeff,

I may be jumping back in too quick......but with the market moves it may hit your target tomorrow.
I intend to DCA back in instead of going in 100%. These 2 IFT limits have totally changed my way of thinking. I wish we could buy more IFT's.

C fund is down about 40% this year.......FRTIB's "buy-n-hold" strategy is going to leave a mark on our accounts for a "Long" time.:suspicious: Thanks Gregory!

 

[ATCJeff]

Jeff,

I may be jumping back in too quick......but with the market moves it may hit your target tomorrow.
I intend to DCA back in instead of going in 100%. These 2 IFT limits have totally changed my way of thinking. I wish we could buy more IFT's.

C fund is down about 40% this year.......FRTIB's "buy-n-hold" strategy is going to leave a mark on our accounts for a "Long" time.:suspicious: Thanks Gregory!

I agree. We are dropping way too fast to try to time the bottom again. I'm left with only one IFT and I do not want to jump in to early. Today maybe the day to make a move. Monday may start out next bear rally!

 

[Gumby]

Looks like I picked a poor day to DCA into the C fund.
The market hit a multi-yr low on the S&P this morning and then jumps up to close at 6% plus in the last hour. The noon IFT limit sucks.....makes it more like a crap shoot.

 

[Show-me]

Yep, makes it very hard to trade when the last hour jumps 6%. I'm looking to join you today or Monday.

 

[Gumby]

Yep, makes it very hard to trade when the last hour jumps 6%. I'm looking to join you today or Monday.

With electronic trading, I don't see why we shouldn't be able to IFT 1/2 hour before the market ends and make it count that day.

Good luck.

 

[Show-me]

Ain't that the truth! We can't even get TSP to allow transfers on Holidays that the exchanges are open on. COME ON, it's electronic.

 

[Gumby]

I switched my allocation to 50%G, 30%C, 20%I yesterday......hoping for a bounce this week.


Just bought some more UYG @ $5.74......may be a dumb move.:blink: