Interfund Transfer 1/17 for 1/18/06

[tsptalk]

The rally in bonds is very much alive and the trend continues higher. I am anticipating the G fund paying the penny gain today (Tuesday 1/17) so I will move the remaining assets I currently have in the G fund, and move it all to the F fund for 1/18.

So, while I wait for stocks to give a better buying opportunity, I will make an interfund transfer this morning before the deadline going to 100% F fund.

 

[JerBer]

Tom, I was expecting you to make a move today right before the deadline with the steep decline so far this morning! Waiting for a bigger buy signal?

 

[tsptalk]

Actually I considered buying if the market did not sell the overbought condition. Of course it did so I am waiting, especially with options expiration next week coming. Now with the 200 point drop, we could see carry over selling Monday after Joe Sixpack reads his Sunday newspaper and decides it's time to lighten up on stocks.

If we sell off hard early Monday morning I may put something into the stock funds, but that could be just to play a short term bounce. As we know, the market tends to go longer than you'd expect, and goes down longer than you'd expect.

I'll do more research over the weekend, take a look at the short and intermediate term indicators, and decide if it is worth a play.

 

[Timmie-O]

I changed my allocation before the Big Hit

Thanks Tom,

Per your advise, I moved more into the G and F funds and reduced some for the C, S, and I funds. I should of followed your advise more; I suffered because of blind greed.

 

[tsptalk]

Welcome Timmie-O -

As they say, even a broken clock is right twice a day.

Thanks for joining us.
Tom

 

[TiCKed]

As they say, even a broken clock is right twice a day.

Thanks for joining us.
Tom

My favorite addition to this saying:

"But a perfectly operating clock set 5 minutes fast is NEVER right".