JTH's Account Talk

[JTH]

Rummaged though my charts & systems and I just don't get it, the crowd is somewhat more optimistic than I think prices reflect. Everyone keeps talking about the impending rally, huh? We haven't even gotten a decent bounce off a very dramatic free fall in prices so why should we be thinking now is the time to rally? Maybe I'm just too stupid to know any better...

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[Dutchy]

Thanks for the graph JTH.... With futures up this morning, I'm watching for a test 615 to 620 range today. We'll see if it holds.

 

[Scout333]

Rummaged though my charts & systems and I just don't get it, the crowd is somewhat more optimistic than I think prices reflect. Everyone keeps talking about the impending rally, huh? We haven't even gotten a decent bounce off a very dramatic free fall in prices so why should we be thinking now is the time to rally? Maybe I'm just too stupid to know any better...

I'm with you JTH. Setting on the lily pad wondering what the heck are people thinking!

 

[clester]

I'm with you JTH. Setting on the lily pad wondering what the heck are people thinking!

The market does that a lot. It does the opposite of what you think. That's what makes it so frustrating.

 

[Mapper]

Re: short term memory

But here's the biggest and perhaps the most imporatnt thing we need yet don't have, a functional government working for us...

Isn't Wall St supposed to like gridlock?
With the exception of the debt ceiling song dance we got raked through leading to a suspect S&P downgrade, it seems the gridlock has worked well for Wall St.

 

[JTH]

All I know is if we rally into September, than should I expect a post September drop, making my last IFT worthless...how discusted I am right now

 

[FAB1]

I don't have enough skin in the game to care much the rest of the month. But if we rally I will make a little money.

 

[JamesE]

All I know is if we rally into September, than should I expect a post September drop, making my last IFT worthless...how discusted I am right now

I'm righ there with you, watching about 8% in gains go up in smoke lately just in this rally and down 16% overall. I made a good move by missing 7-1/2% loss but am stuck on the sidelines because "everybody" thinks there will be a re-visit to 975-1100. It just doesn't look like that is going to happen. I'll have to throw in the towel I guess and bail in...

 

[JTH]

I'm righ there with you, watching about 8% in gains go up in smoke lately just in this rally and down 16% overall. I made a good move by missing 7-1/2% loss but am stuck on the sidelines because "everybody" thinks there will be a re-visit to 975-1100. It just doesn't look like that is going to happen. I'll have to throw in the towel I guess and bail in...

I feel ya, it sux to chase after money, these large intraday swings are not well suited to our TSP accounts.

 

[JTH]

Limit order got filled at 1.64 at this point I'll sit back and relax, I may take anouther entry at 1.55

Sold at 1.79 5.3% profit

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[bmneveu]

I'm hanging on to my SIRI. I think it'll either break $2.00 by itself or get bought out for a nice premium. I'll cash in on whichever comes first

 

[JTH]

I'm hanging on to my SIRI. I think it'll either break $2.00 by itself or get bought out for a nice premium. I'll cash in on whichever comes first

It will reach the 2.12s again for sure, I'll take an entry somewhere back under 1.74 then ride up the next 15 cents.

 

[FAB1]

I'm hanging on to my SIRI. I think it'll either break $2.00 by itself or get bought out for a nice premium. I'll cash in on whichever comes first

Maybe Tom will let me quit the Tracker and join again at 0%, ya think?

 

[Bquat]

Maybe Tom will let me quit the Tracker and join again at 0%, ya think?

Buy my estimate, you be at 0% in January.

 

[Cactus]

Maybe Tom will let me quit the Tracker and join again at 0%, ya think?

I'd rather that the FRTIB would do this for us. For the last DECADE+ in my case. :worried:

 

[JTH]

Re: short term memory

Pardon me if I'm gun shy, those market manipulators managed to scalp me last time and once again I find it difficult to place my trust in a market with no regulators protecting us. This is a tough market to trade in the daily timeframe, such high intraday ranges makes it all the more difficult. We do have an established uptrend with the most recent G8 wave creating a higher high/low and we've managed 2 dominant closes above the 20SMA. I didn't miss out on this last wave, I chose not to participate, which is worse I don't know. If I can't get a good entry in stocks, then I may use my last IFT on bonds.

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[nasa1974]

Maybe Tom will let me quit the Tracker and join again at 0%, ya think?

FAB, We only have to wait 4 more months for all of us to be equal with 0% in our accounts.

 

[Appatite]

FAB, We only have to wait 4 more months for all of us to be equal with 0% in our accounts.

My TSP account is just about there, again.

 

[JTH]

I didn't have enough conviction for a full-on 100% allocation. My systems are between signals, in my wisdom I realize the right thing to do is sit it out, but with the end of month and one last IFT, I feel I need to sieze this opportunity and strategically place myself in a position spreading the risk. Any thoughts?

IFT EOB Today.

40 G-Fund
20 F-Fund
40 S-Fund

 

[WorkFE]

Like a gambler down to his last dollar, I need this.
If today holds my only choice would have been to sell about a 3.5% loss. Not interested. (2 IFT's wasted)
Come next friday I may be crying about my decision.
You had an IFT and you used it. Although a pull back is possible, and friday could provide that fuel, I do not think it would be deep. Someone on here mentioned 1150 or something along them lines but I do not expect anything that deep (deep to me).
Could be melting up and it does not feel like a trap. Time (soon) will tell.