JTH's Account Talk

[MaStA]

It's a broad brush painted over the bond market designed to identify key levels where buy/sell opportunities exist. If I told you anything else you'd have to subscribe to my premium service

:laugh: That's a good one!

 

[JTH]

Purchased SIRI at 1.74 looking for an exit above 1.93 with a stop at 1.55 (eyeballed it)

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[burrocrat]

(eyeballed it)

That's the only way to fly, got to pull the trigger when you see it, I bet you gonna hit it.

 

[Bquat]

Thanks JTH.

 

[JTH]

Thanks JTH.

No problem, it's been fun like cutting off your finger fun. I have another sleep apnea study to do tonight, they are going to downgrade me from a B-pap to a C-pap. I guess I'll get to use the TSPTalk App since I won't have wireless there. Whatever I just want to be able to sleep with that damm machine.

 

[KevinD]

JTH - I really hate to point this out but you bought in right after your last sleep study. I think you were distracted by the sleep study and didn't have total concentration on the markets. I think you were distracted.

 

[Birchtree]

When involved in the equity markets it must be remembered that we are at times often subject to the mercy of other fools. This turmoil for sure will pass.

 

[JTH]

JTH - I really hate to point this out but you bought in right after your last sleep study. I think you were distracted by the sleep study and didn't have total concentration on the markets. I think you were distracted.

Very observant of you, but looking back I rushed myself a bit due to being out for so long and wanting to catch some action. I also didn't wait for more than one system to confirm a buy, had I done that I'd not lost as much. Mistakes were certainly made.

 

[Bquat]

No problem, it's been fun like cutting off your finger fun. I have another sleep apnea study to do tonight, they are going to downgrade me from a B-pap to a C-pap. I guess I'll get to use the TSPTalk App since I won't have wireless there. Whatever I just want to be able to sleep with that damm machine.

Wow I just had a sleep test last Thursday and have to retest with a C pap later. She says I stop breathing, but my wife hasn't noticed. Both the chest belt and the stomach belt became loose when I turned on my side, I'm a mouth breather and I don't think she could tell I was breathing through my mouth. I have her double check on the next one.
Good luck buddy.

 

[Lobo]

Wow I just had a sleep test last Thursday and have to retest with a C pap later. She says I stop breathing, but my wife hasn't noticed. Both the chest belt and the stomach belt became loose when I turned on my side, I'm a mouth breather and I don't think she could tell I was breathing through my mouth. I have her double check on the next one.
Good luck buddy.

Hey Bquat.....if you wife isn't telling you that you aren't breathing when "sleeping".....well, you might should drop your life insurance and let her know.....heh heh. I don't think that's "too deep" to get? Most of us that have sleep apnea went because our wives "made" us....with good reason. Good luck with it all....it could make a world of difference for you and be well worth it.

Lobo

 

[twohorsefarm]

look at OPMG made some quick cash last month up nice today.

Purchased SIRI at 1.74 looking for an exit above 1.93 with a stop at 1.55 (eyeballed it)

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[burrocrat]

Hey Bquat.....if you wife isn't telling you that you aren't breathing when "sleeping".....well, you might should drop your life insurance and let her know.....heh heh. I don't think that's "too deep" to get? Most of us that have sleep apnea went because our wives "made" us....with good reason. Good luck with it all....it could make a world of difference for you and be well worth it.

Lobo

Ha! I was thinking of saying something like that, but I don't have apnea, at least that I know about, so I didn't think it was appropriate. Totally funny. Hope things work out, sincerely.

 

[Mapper]

Jason,

Now that many of us have been caught in this downturn...the big question I have for you is how smart or silly is it to wait till we get back to near our buy in price (for me its around 1170, for others the slide started in the 1340's).

In other words...even if we bottomed out Monday...and many say that a deeper bottom may still be possible in the weeks, months ahead...do you have a rally level you might want to get to and sell...waiting for another dip to buy? This strategy would have worked well in many of our 15% or higher corrections/crashes...while the "I'm getting all my money back in one shot" crowd may have to ride an up&down to sideways pattern for the next several months.

I saw some analysis that suggested a lot of resistance near 1200 on the S&P.
What do you think?

Curious about this too. If we are truly traders/timers we need to keep our money working. Waiting to get back to buy-in prices may take a REALLY long time...then again it may not But the point is, if we wait we are essentially buy and holders. At some point we need to embrace a rally and then sell it to take advantage of the subsequent dip...thus lowering our long term cost basis. Right?

 

[Birchtree]

Ah, my friends there is absolutely nothing wrong in being a buy and holder - that strategy is going to make me stinky rich. Can't you smell the superlative bull manure wafting today.

 

[jpcavin]

Curious about this too. If we are truly traders/timers we need to keep our money working. Waiting to get back to buy-in prices may take a REALLY long time...then again it may not But the point is, if we wait we are essentially buy and holders. At some point we need to embrace a rally and then sell it to take advantage of the subsequent dip...thus lowering our long term cost basis. Right?

With 2 IFT's per month, you can't exactly be a day trader.

 

[daze823]

I put the rest back in today, so true to form, I'm sure we have a few significant drops in the next couple of days... In all reality though, I went in thinking we were at or near bottom, and planning on jumping out with a spike, and then look for a way back in next month...

Then I took a look at the recent allocations that took place today, and with the number of transactions going in today, wondering if I'm stuck with the wrong bandwagon... If nothing else, I can at least be happy that I missed most of the downtrend over the last few weeks, so at least I'm getting in at a significant discount over what I sold for in early July.

 

[JTH]

Jason,

Now that many of us have been caught in this downturn...the big question I have for you is how smart or silly is it to wait till we get back to near our buy in price (for me its around 1270, for others the slide started in the 1340's).

My expectations are individualistic to my predicament. While I have not had a losing trade this year, it would be unrealistic for me to think I'm going to get out of this -25% trade without a loss in some form. The only thing I can do is reduce my cost per share basis, by gaining more shares either through contributions or in & out entries until I offset the cost, or some form of both. Based on my previous studies of pullbacks I'm looking for an exit based on retracements from Mr. Fibonacci. A 50% bounce is an optimistic view so I'd like an exit at about 630, but would settle for an exit at 613. If we fail to reach these levels than a break below 550 gets me out. For SPX I'd put a target at about 1195-1225 and get out below 1100. Like I've said this is individualistic to my predicament and should not be applied to others.

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[twohorsefarm]

Liked OPMG play again today, has more leg to it

Purchased SIRI at 1.74 looking for an exit above 1.93 with a stop at 1.55 (eyeballed it)

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[JTH]

Liked OPMG play again today, has more leg to it

Sorry THF while I did look at it, it doesn't meet some of my minimum criteria. I'm a cheap bastard but I'm not a penny stock player, I've seen too many people get burned on sub-dollar stuff, plus I like consistently high volume. I have nothing against it I just try not to play the pump & dump side (gold is another example.)

 

[JTH]

Another Death Cross