JTH's Account Talk

[JTH]

Everybody loves an underdog...

MTD Returns
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[JTH]

11 Nov 2013 - Bought IMUC @ 2.33

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Crappy USAA's brokerage account has been down all day, I wasn't able to cancel a stop I had in place at 2.18, can you guess what today's low was?

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[jkenjohnson]

Crappy USAA's brokerage account has been down all day, I wasn't able to cancel a stop I had in place at 2.18, can you guess what today's low was?

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Below $2.18.

 

[JTH]

Below $2.18.

Lol, no just 2.18 but I didn't get a chance to move the stop from the previous day's action, so I got stopped out.

 

[jkenjohnson]

Lol, no just 2.18 but I didn't get a chance to move the stop from the previous day's action, so I got stopped out.

Happens to me sometimes too. I don't like using stop loss orders but you have to.

 

[JTH]

Lol, no just 2.18 but I didn't get a chance to move the stop from the previous day's action, so I got stopped out.

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[bmneveu]

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It's nice to know your move was correct, even if it didn't go through the way it should have. Good call!

 

[JTH]

Not much to report, scanning the markets we are in the "sit on your hands" zone where I find nothing worth buying. If you're in you're in, if you're out, the risk/reward scenarios aren't very appealing.

Off the October bottom the S&P 500 has been consistently outperforming the Wilshire 4500. Over the last 14 days, this Wednesday was the first time the Wilshire 4500 outperformed the S&P 500.

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[coolhand]

Keep an eye on CSCO. It's going to gap lower in a big way and won't be far from my $21 entry point this morning.

 

[GrandeBabbo]

CH. I'm watch it also. IYO what is a good entry point or support level?

 

[WorkFE]

I am watching all the retail giants. Plan on expanding shares in the near future.

 

[coolhand]

CH. I'm watch it also. IYO what is a good entry point or support level?

Jason, I hope you don't mind my posting a chart in your thread.

I think there is good support in the $20 area. But it could find support at a higher level given how few bargains are to be had in this market. The stock is in an intermediate term downtrend, but as price falls risk/reward goes up. I plan to buy some shares this morning. Just a starter position of 100 shares. I can add more shares in the days/weeks ahead if price continues to fall. I am looking at this as a longer term play.

 

[GrandeBabbo]

Thanks for the insight. PM below 21 I'm wait on the open. Looking closer to 20.00-20.20 range if spike down.

 

[Sensei]

I sold a fair amount of CSCO at $23.36 back in May for a 36% gain. I've been waiting for a gap fill to buy back in. Looks like we're getting one. For now, I've scheduled an automatic purchase of $500 on Tuesday. Chump change for yous guys, but a gamble in my book.

 

[GrandeBabbo]

Bought at the open $21.90. We'll see how this pans out.

 

[coolhand]

Bought at the open $21.90. We'll see how this pans out.

I bought some at $20.93.

 

[GrandeBabbo]

I bought some at $20.93.

Oops meant to say $20.90. Took a 100 for now. I was about to go all in w/400 or so and took your advice of easing into it.
Thanks CH!

 

[Bquat]

JTH, may I request one of your midterm S&P charts. You do them so well.

 

[Bquat]

Now that I have more time to explain: I'm trying to calculate risk. I want to see if your midchannel line lines up with the 20 day or if there's risk to the 50 day. We I get bullish, I get worried.

 

[JTH]

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Jason, I hope you don't mind my posting a chart in your thread.

I think there is good support in the $20 area. But it could find support at a higher level given how few bargains are to be had in this market. The stock is in an intermediate term downtrend, but as price falls risk/reward goes up. I plan to buy some shares this morning. Just a starter position of 100 shares. I can add more shares in the days/weeks ahead if price continues to fall. I am looking at this as a longer term play.

Damm, that was a big gap down!!!