JTH's Account Talk

[Birchtree]

The majority of individual stocks are now above where they were in October 2007 - why should the bull allow sideliners to get aboard without paying dues. I doubt this market is going to look back until after 13,000. We could very easily take out SPX 1370 tomorrow. SPX buybacks up 63% in the first quarter - earnings are about to exceed expectations once again.

 

[Appatite]

re-entry is always a real bitch.

I was very tempted to go 50% S COB. At the last moment I thought better of it. Mostly started thinking "Buy the rumor, sell the news" in regards to tomorrows employment numbers.

 

[JTH]

Well I'm glad to see folks making money (sorta) :toung:

I was expecting this week to be a pause week and clearly it hasn't been. My only saving grace is making an entry into the G-Fund instead of breaking even in the F-Fund. You would think being at the top of the tracker is easier, but in fact it isn't. Decisions can be difficult when you want to protect the gains you've made. I chose to step out causing me to losing a 4.28% edge on the S-Fund, dwindling my edge down to 5.29% Losing that edge creates a heightened sense of awareness my next IFT needs to be on target or I risk being out-performed.

Something BT & I have always agreed on, it is very difficult to outperform a bull market. While my eyes are dismayed at the missed gains, my experience tells me not to force a setup that isn't ready. I had to stick to my guns through the bottoming process and I was right to do so, now I have to do the same for the top.

Oh by the way, I took profits and raised cash today in my ROTH IRA, but still have some positions in the red. A rising tide does not float all ships, my HIMX, PNS, RAS, & SGU are sucking wind. If the stock market is making new highs and your stocks aren't, then those stocks = azz. Sometimes you get what you pay for...

 

[Birchtree]

If you owned AZZ you'd be doing just fine - I anticipate a stock split in the near future.

 

[Cactus]

Trust me, I don't like missing out on substancial gains, it's painful and burns me up something fierce. My only pleasure is knowing I have been invested less than half the time and made twice the gains. Nevertheless I still feel burned...

It isn't so much missing out on substancial gains that bothers me as it is keepin on those stick-pants and sharing in all the losses. If I missed both like I did in the 90's when I was 100% G-Fund I'd be OK with that. It's taking the loss and not getting the gain that hurts you. It's like working and not getting paid. It keeps you looking up at the G-Fund.

 

[Sensei]

If you owned AZZ you'd be doing just fine - I anticipate a stock split in the near future.

LOL - AZZ is at a 10-year & 52-week high! And it has a 1.93% dividend!:nuts:

 

[Birchtree]

My low purchase price on AZZ was at $22.36 - where's it at now probably $55. The dividend yield goes down as the price elevates - I'm still pulling a nice yield.

 

[Birchtree]

The high price on AZZ is $52 something - so I'm ahead of myself. Anyway I've been dollar cost averaging AZZ up to $41.

 

[JTH]

You guys crack me up, you do know I meant stocks = a_s_s not azz right?

 

[jkenjohnson]

Anyone thinking about getting into the S fund today or gonna wait it out to see how far we fall?

 

[JTH]

Anyone thinking about getting into the S fund today or gonna wait it out to see how far we fall?

No thoughts for me going in, we are ripe for a pullback. I also don't like to (if I can avoid it) IFT on a Friday because bad news can wreck you on Monday's open. It's just a preference.

 

[FAB1]

No thoughts for me going in, we are ripe for a pullback. I also don't like to (if I can avoid it) IFT on a Friday because bad news can wreck you on Monday's open. It's just a preference.

+1I can wait because the month is young. And I don't relish the idea of getting pulled down in another pullback.Its summer still.

 

[jkenjohnson]

Thanks. It's always nice to know what other people are thinking.

 

[Sensei]

You guys crack me up, you do know I meant stocks = a_s_s not azz right?

Of course, but after Birch's joke, I just couldn't resist the urge to look up AZZ. It was hilarious to find that it was just the kind of stock that is right up his alley!

 

[JTH]

Good morning everyone, I do hope we had a great weekend. My blog has been updated, feel free to clike the link below and comment.

 

[eccougar]

Nice informative comments as always. Thanks

 

[JTH]

Interesting day in the markets, what a huge gap up on AGG.

 

[JTH]

Oh by the way, I took profits and raised cash today in my ROTH IRA, but still have some positions in the red. A rising tide does not float all ships, my HIMX, PNS, RAS, & SGU are sucking wind. If the stock market is making new highs and your stocks aren't, then those stocks = azz. Sometimes you get what you pay for...

Glad I raised that cash last week, this gives me a good opportunity to find some beaten down prize winners.

 

[JamesE]

That -3% today in the I is gonna make somebody alot of money. When I'm out, (which is not very often) I look for those golden opportunities to pounce on. That fund is wicked tho, you better get outta Dodge after a scalping.

 

[JTH]

That -3% today in the I is gonna make somebody alot of money. When I'm out, (which is not very often) I look for those golden opportunities to pounce on. That fund is wicked tho, you better get outta Dodge after a scalping.

Too much risk this season, I wouldn't chase that with an ugly stick...