JTH's Account Talk

[jkenjohnson]

IFT EoB today 34G/66S

I'm a little surprised that you would buy in at such high levels?

 

[Birchtree]

JTH can see my head lights gaining on him - you gotta keep moving or get run over.

 

[JTH]

I'm a little surprised that you would buy in at such high levels?

This IFT was planned back in June.

 

[RealMoneyIssues]

This IFT was planned back in June.

Would have been a better entry price back then... But, you are much smarter than me and have your reasons.

Good luck

 

[weatherweenie]

This IFT was planned back in June.

Can't argue with his success. Mine has been more like SUCKcess.

 

[nasa1974]

JTH, congrats on post #5000. Another milestone. Not sure if I like the green over the red avatar. I liked HAL9000.

 

[JTH]

I choose to flow with the markets like water through a stream, conforming to the obstacles within my path. Logic would tell you this market is overextended, long in the tooth, ready to roll over. That same logic is the very reason that those who attempt to impose their expectations on the markets have been wrong, have been outperformed, and they will continue to be wrong, growing bitter and disgusted. There will be a time when the markets are ready to roll over, when that time comes, I'll be sure to let you know.

 

[RealMoneyIssues]

I choose to flow with the markets like water through a stream, conforming to the obstacles within my path. Logic would tell you this market is overextended, long in the tooth, ready to roll over. That same logic is the very reason that those who attempt to impose their expectations on the markets have been wrong, have been outperformed, and they will continue to be wrong, growing bitter and disgusted. There will be a time when the markets are ready to roll over, when that time comes, I'll be sure to let you know.

Yuppers, already bitter and disgusted...

Good Luck.

 

[Cactus]

Logic would tell you this market is overextended, long in the tooth, ready to roll over. That same logic is the very reason that those who attempt to impose their expectations on the markets have been wrong, have been outperformed, and they will continue to be wrong, growing bitter and disgusted.

Oh my -- you are describing me there.

 

[JTH]

12 April 2013, bought BPZ @ 2.27

July 23 2013, sold BPZ @ 2.44

 

[rktect1]

I am waiting for tomorrow to be bitter and disgusted.

 

[Dutchy]

JTH....I choose to flow with the markets like water through a stream, conforming to the obstacles within my path. Logic would tell you this market is overextended, long in the tooth, ready to roll over. That same logic is the very reason that those who attempt to impose their expectations on the markets have been wrong, have been outperformed, and they will continue to be wrong, growing bitter and disgusted. There will be a time when the markets are ready to roll over, when that time comes, I'll be sure to let you know.

Please to let is ALL know, will you JTH ???

 

[SkyPilot]

That is very Zen of you... Be the market you want... : )

I choose to flow with the markets like water through a stream, conforming to the obstacles within my path. Logic would tell you this market is overextended, long in the tooth, ready to roll over. That same logic is the very reason that those who attempt to impose their expectations on the markets have been wrong, have been outperformed, and they will continue to be wrong, growing bitter and disgusted. There will be a time when the markets are ready to roll over, when that time comes, I'll be sure to let you know.

 

[JTH]

Markets feel like they are shifting (perhaps a sector rotation) about half the stocks I watch have been pulling back over the last few days, but on the flip side, some of the dogs have been pulling up the rear, case in point the BPZ I sold today, it was under for 3 months before finally exiting with a tidy profit.

I've held 11 positions this year, of those 9 are closed with 1 of 9 closing for a loss. Currently holding 2, GSS (in the green) and TZA (in the red.)

View attachment 24613

In reference to today's 34G/66S IFT, I'll be looking to fade this position into the end of the month, likely going back to 66G/34S with potential for a complete exit in early Aug when I think the markets are officially rolling back, then jumping back in with the second IFT. Those damm buy & holders have been slaughtering us market timers this year, this is one for the books!

 

[Birchtree]

I'll take that as a compliment - thanx.

 

[GUCHI]

I'll take that as a compliment - thanx.

me too.... heehee

 

[jkenjohnson]

Looks like we are heading in the wrong direction.

 

[RealMoneyIssues]

Looks like we are heading in the wrong direction.

Give it time, the brokers for the retail investors haven't put in the orders yet (trying to get good prices for their customers)... Dip Buying is not dead yet :notrust:

 

[jkenjohnson]

JT, just wondering what is your basis price of TZA that you are holding?

 

[JTH]

I own TZA on 3 positions @ an average of 33.45 I'm in deep, on 2 of the 3 positions.