James48843 Account Talk

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I am getting indications that things are lining up good for the next two days or so.

I'm taking the plunge, and going to move into stocks. Wish me luck. Going 40% "C", 30% "S", and 30% "I" COB today.
 
Corepuncher said:
QUICK...change it and buy tomorrow instead!
Click to expand...


I should have listened to you.....



Oh well. Tack on another three months to the retirement goal date. :mad:


This is kind of like a crash, only in slow motion.

We HAVE to get some kind of a bounce soon, even if it is just for a short time. The true bottom is still perhaps 8 percent below here, but I keep seeing signs that we need a 4 percent boost up before we will get the 8 percent down.
 
James, pass me one of those paddles so we can get out of this creek.
Oooops, no paddles. :nuts: I'm in the same boat and that date you mentioned
is at MRA for me (for now). I think you said it earlier in one of your posts.
We're beating all the funds. Believe me, thats good enough for now. I can't
tell you how many friends of mine at work are crying the Bear Blues by just
letting it ride. They all wanted to know how I beat the TSP Funds over
the years. Now, they want to know why I'm not crying with them. And
yet, most of them just want to "let it ride". Hell, they have as little as 5
years left in Gov't Service too. Keep that chin up and next time, don't
forget to bring those darn paddles. :nuts:
 
Note:

For the month- we're here:

C fund + 2.15% %
S Fund + 3.07 %
I Fund - 3.77%

Taint' all bad for the C and the S.

I would kind of expect some profit taking soon by those who have managed to eek out a little this month.

And- with a possible hurricane bearing down on the Gulf- this MIGHT be a good time to take some off the table if you are feeling like you've made a little. there is nothing in the cards right now that says the next week or so will remain positive. So perhaps now is a good time to take a little, and rest.

I'm not going to - but I am pretty close to thinking that way.

Just thought I would through that out there as food for thought.
 
Just for grins-

This morning, I jumped into Freddie Mac at $3.04. Thought it was a good deal. Figured with Ben speaking today, we had a good shot at a nice rebound later today for a quick winfall.....

At the moment- it's at $2.67.



(sigh...)


I hate when that happens.
 
good for all the funds!
US STOCKS-Wall St extends gains after Bernanke comments
Fri Aug 22, 2008 10:18am EDT
(Updates with reaction to Bernanke comments)
NEW YORK, Aug 22 (Reuters) - U.S. stocks added to gains on Friday after Federal Reserve Chairman Ben Bernanke said the recent decline in commodity prices and stabilization of the U.S. dollar were encouraging. For details, see [ID:nWEQ000126].
The Dow Jones industrial average .DJI rose 143.30 points, or 1.25 percent, to 11,573.51. The Standard & Poor's 500 Index .SPX shot up 11.82 points, or 0.93 percent, to 1,289.54. The Nasdaq Composite Index .IXIC climbed 24.66 points, or 1.04 percent, to 2,405.04.
The market was already broadly higher before Bernanke's speech at the Federal Reserve Bank of Kansas City Economic Symposium in Jackson Hole, Wyoming.
Expectations of an investment in U.S. bank Lehman Brothers (LEH.N: Quote, Profile, Research, Stock Buzz) underpinned an advance in shares of financial services companies.
Shares of No. 3 U.S. bank, JPMorgan (JPM.N: Quote, Profile, Research, Stock Buzz), more than 4 percent to $38.06.
A decline in oil prices boosted shares of big manufacturers, including United Technologies (UTX.N: Quote, Profile, Research, Stock Buzz) , airlines and consumer-oriented companies. Shares of major technology companies were another standout. United Tech was up 1.8 percent to $65.38. (Reporting by Ellis Mnyandu; Editing by Kenneth Barry)
Click to expand...

U.S. dollar trims gains vs euro after Bernanke comments
Fri Aug 22, 2008 10:19am EDT
NEW YORK (Reuters) - The U.S. dollar trimmed gains against the euro on Friday after Federal Reserve Chairman Ben Bernanke said a stable currency and a decline in commodity prices should help slow inflation this year and next.
His remarks pared back expectations of an U.S. interest rate increase this year, diminishing the dollar's appeal to global investors.
The euro rose as high as $1.4835 against the dollar from $1.4815 before Bernanke's remarks. Against the yen, the dollar held gains at 109.97 yen.
Bernanke spoke at an annual symposium in Jackson Hole, Wyoming.
(Reporting by Gertrude Chavez-Dreyfuss; Editing by Jonathan Oatis)
Click to expand...
© Thomson Reuters 2008. All rights reserved.
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Well, I watched Freddie this afternoon bang it's head five times up against $3.51, before falling away. I was really rooting for it the fourth and the fifth time, but noooo....

Couldn't break through.

Oh well.

Still holding on to my shares, in the great hopes of tomorrow.

Note: I placed half of them with a sell order at $4.50, for two reasons- one, so that I would get my money back in case it happened to bounce up that high, and two: so that no one could use my shares for short fodder. People are shorting the heck out of freddie - but when it fell below $3, some brokerages cut off the shorting- Now that's its back up above 3, the shorts are having a field day with freddie.

Wish me luck on tommorrow. I need a big win to take me up and make up for the FXI I bought (China index ETF) and held for the last six months...
 
James48843 said:
Well, I watched Freddie this afternoon bang it's head five times up against $3.51, before falling away. I was really rooting for it the fourth and the fifth time, but noooo....

Couldn't break through.

Oh well.

Still holding on to my shares, in the great hopes of tomorrow.

Note: I placed half of them with a sell order at $4.50, for two reasons- one, so that I would get my money back in case it happened to bounce up that high, and two: so that no one could use my shares for short fodder. People are shorting the heck out of freddie - but when it fell below $3, some brokerages cut off the shorting- Now that's its back up above 3, the shorts are having a field day with freddie.

Wish me luck on tommorrow. I need a big win to take me up and make up for the FXI I bought (China index ETF) and held for the last six months...
Click to expand...




James, Good luck with tomorrow. It's a crap shoot really. I would rather not be in your trade though. Confirmation day tomorrow. Good Luck. :)
 
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