Gumby's Account Talk

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Why is the 20/50 day moving average something important to keep an eye on? Even if your not a fan of technical analysis.... It may be something to keep up with. Tom does a great job with his commentary every morning.

Read here....
 
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Gumby said:
Why is the 20/50 day moving average something important to keep an eye on? Even if your not a fan of technical analysis.... It may be something to kep up with. Tom does a great job with his commentary every morning.

Read here....
Click to expand...

The market sometimes comes up or down to them and reversed direction and sometimes it can cause a trend reversal. A lot of investors call to 200 day moving average the point wher you are in a bullish or bearish trend. On the way up after a bearish trend I think a cross of the 50 day by the 20 day is considered a golden cross and investors see this as a buying opertunity. I don't knoe if it works in reverse. Others probly know better than I.;)
 
KevinD said:
Not unless he's in management...
Click to expand...

So the carriers don't qualify? I guess the ones that do the hard work will continue to do so. They will probably reduce the retirement annuity by 2%/yr for those under 55 also who qualify.
Does it help you out Kevin?
 
They are targeting a very specific group, not me. Executives, PCES, and EAS employee's. All management or administration because they closed 7 district offices today and consolidated the work to other district. Long over due and we will not realize the savings for a entire year because of the enormous RIF process.

There will be more to come.
 
moved what I said over to the Day Job - Postal thread - I hadn't seen it before just now
 
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Show-me said:
They are targeting a very specific group, not me. Executives, PCES, and EAS employee's. All management or administration because they closed 7 district offices today and consolidated the work to other district. Long over due and we will not realize the savings for a entire year because of the enormous RIF process.

There will be more to come.
Click to expand...

Show-me
Good to hear from you.
Hope you are doing well...take care :)
 
Too much going on in the world today....radiation in Japan and riots in Syria.....PIGS ready to default.....
Decided to get out of stock funds today.... 100%G today.
It has been a good month and quarter.... I am satisfied.
Would be nice to have an extra IFT or two.
 
Just an observation...

Pre-market was at 1,325.8 on SPX before the open.

SPX has not broken below 1,330 yet after market open. Looks like someone with deep pockets is hitting the buy button... fat finger? :D
 
Nice day in the market for owners of National Semiconductor NSM
Especialy if you held some call options:
A little over $2,500 bet on the APR 16 calls yesterday and viola~..... today you would have been an instant millionaire. 39,950% gain (not a typo)
Congrats to the holders of the 5,845 open contracts yesterday..... Hopefully Goldman were the sellers.


View attachment 10883




The rest of Story
 
Handballer said:
So there is money to be made in penny stocks.
Click to expand...

Actually NSM is listed on the NYSE and isn't a penney stock.
The takeover by TI sent the share price surging about $10 bucks overnight. The April Call option with a strike price of $16 was trading for $0.02 yesterday. NSM closed at $14.07 yesterday and with the option expiration date of Friday, there was not much of a chance for the share price to hit $16 by Friday except for a takeover bid. With 100:1 leverage with an option, a $2 contact yesterday ($0.02 x 100 shares) was worth almost $800 today. If anyone wrote uncovered calls for these option, they woke up with a very rude surprise today.

RealMoneyIssues-
A little inside knowledge would have been quite valuable here.
There are traders that buy these short term options all the time in search of a home run. The most I have personally made in an almost overnight trade on an option is 385% and that was in the Fall 2008 when volitilty was through the roof. A home run on NSM yesterday would have been one of those trades to write a book about.:nuts:
 
Thanks for the info. I guess I didn't have a point. I was approved for options trading in my ETRADE account several years ago but seems too complicated to me.
 
Handballer said:
Thanks for the info. I guess I didn't have a point. I was approved for options trading in my ETRADE account several years ago but seems too complicated to me.
Click to expand...

Yeah, I had thought of it, but haven't had the time to figure it all out. There is a huge risk to options trading especially if you haven't a clue what you're doing :(
 
Handballer said:
Thanks for the info. I guess I didn't have a point. I was approved for options trading in my ETRADE account several years ago but seems too complicated to me.
Click to expand...


Options are a little more complex than just owning the common stock.
It would be nice to have some more options with TSP :nuts:
 
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