JTH's Account Talk

[Birchtree]

"These numbers are so tremendous that you can have the market in hyperdrive."

David Tepper And The Coming 'Cash On The Sidelines' - Seeking Alpha

 

[JTH]

Well my friend, I am glad to see you're having a banner year, keep it up!

 

[JTH]

Tom's blog is right the "P" word is the word of the day. One of my systems is flipping off the charts, it can't be explained in rational terms, you can't understand it, but you must respect it. It is extremely rare where a long-term channel is broken and then re-entered, it just doesn't happen on this time-scale. If you are in, stay in, if you are out then you have not been given an opportunity to get back in and that is painful. I'm sorry, I wish I could have called & played this setup properly, but I took the road most traveled, most times this is the right choice but clearly this time it wasn't.

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[JTH]

3 May, 2013 Bought TZA at 34.92

Looks like I'll be DCAing into the TZA position, I have a buy order in at 31.00

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[rspring]

This market is defying the laws of gravity.

 

[Birchtree]

The market will do everything, and I do mean everything, to keep the majority from participating, bull markets do not like company, only at the top. Fear and loathing. We're getting to the point now where people are down right scared to buy stocks, and some folks are even beginning to feel a sort of revulsion toward the market. It's a classic negative interpretation. Ironically, though, that's when the buying opportunities are best. So strain those necks as you look up.

 

[rktect1]

Nobody likes missing a great opportunity for gains but IMHO it is better to try and catch the falling knife then a speeding train

 

[Birchtree]

The rule is not to chase a speeding train but to run in front of it - don't be pusillanimous when you play on the rails.

 

[jkenjohnson]

Jobless claims up significantly. Curious to see if it has any effect on the market.

 

[weatherweenie]

Jobless claims up significantly. Curious to see if it has any effect on the market.

Philly Fed report was also lower than expected. These results have hardly made a dent.

 

[JTH]

Putting some skin in the game on the upside.

13 May 2013, Bought LXRX @ 2.07

13 May 2013, Bought PCO @ 2.15

16 May 2013, Sold PCO @ 2.28

 

[JTH]

I drew this up last night, I'm thinking AGG should get a minimum 50% upwards retracement off the recent downside.

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[jkenjohnson]

Still holding your TZA?

 

[JTH]

Yep, currently down 13% I have a buy order in at 31.00

 

[jkenjohnson]

Yep, currently down 13% I have a buy order in at 31.00

I'm down 8% and holding.

 

[Cactus]

Interesting new avatar, Jason. Is that a Phoenix? Up from ashes, if you will.

 

[JTH]

Interesting new avatar, Jason. Is that a Phoenix? Up from ashes, if you will.

Yes, it is

 

[JTH]

Month-To-Date there are 1099 of you that need to get the hell out of my way...

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[rktect1]

Patience is a virtue

 

[JTH]

Patience is a virtue

Yes, my patience has been tested, but it hasn't forced my hand, I am resolute to take the next best opportunity when it arrives. The pre-markets have held strong tonight, it certainly doesn't appear a pullback is imminent.