justbizness45's Account Talk

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nasa1974 said:
JB45, My feeling is that the market will rally today and tomorrow, but more than likely not recover the overall loss from Tuesday. Not sure about next week however. The stimulus package will more than likely pass over the weekend but I believe next week is optionX. Isn't this the same set up as the bailout in "08"?:confused: And we all now how that worked.
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Yeah, I may need to take my lumps and run tomorrow.:worried: Todays turnaround was nice and helped but I didn't see it coming at 1200. I'm down 3.09% #95 on the tracker. I've got alot of studying to do tonight.

On a good note I opened Roth IRAs for my wife and myself. I am only buying long positions in them but I bought SLV today at 13.32. I also have a order in for ICO. Tom's new ETF Talk is pretty good. Lady is digging up all kinds of good info and posting it.:D
 
Thanks for stopping by SB!!, maybe the market will continue to buy the rumor of BHO's mortgage relief thru Tuesday before the economic reality come crashing down on Wednesday.
 
justbizness45 said:
Yeah, I may need to take my lumps and run tomorrow.:worried: Todays turnaround was nice and helped but I didn't see it coming at 1200. I'm down 3.09% #95 on the tracker. I've got alot of studying to do tonight.

On a good note I opened Roth IRAs for my wife and myself. I am only buying long positions in them but I bought SLV today at 13.32. I also have a order in for ICO. Tom's new ETF Talk is pretty good. Lady is digging up all kinds of good info and posting it.:D
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Congrats on the ROTH IRA! Having one myself, has helped me to slow down on my TSP account because it alleviates the pressure. :)
 
Sorry for the late post but I went 50G/45F/5C COB Friday. Made an entry into the tracker but didn't have time to update my thread. Hope everyone had a great weekend. JB45
 
Still 50G/45F/5S (correction from yesterdays post). I may make a <1% IFT tomorrow to DCA into S. I don't like doing it during a downtrend but we may hit the Nov lows fast and I need to lower my break even price if we bounce before the end of the month.
 
Made a <1% IFT of 49G/46F/5S. This maintains my S which was 4.17% and takes it back to 5%. It also bumps up my F from 45.55% to 46%.

I'm not sure what will happen today. Some consolidiation (dead cat bounce) is logical after a huge swing like yesterday but we are looking off a cliff and the ledge is starting to crumble. Good luck to those of you who jumped in yesterday.:worried: Not much support if we go lower........
 
Viva La Migra said:
I'm considering jumping out of the frying pan...so close to the edge...is fire really that hot?
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I think it is but I was expecting a much lower day today. It's really hard to answer your question because it depends on how much risk you are willing to take. I expect the S&P to retest it's November lows next week. That is JMHO though. That and $5 will but you a Starbucks Latte.

The financials and news is running the market right now and it is all bad. I am not willing to take the risk and I don't think people have capitulated yet, but it may be coming.
 
justbizness45 said:
I think it is but I was expecting a much lower day today. It's really hard to answer your question because it depends on how much risk you are willing to take. I expect the S&P to retest it's November lows next week. That is JMHO though. That and $5 will but you a Starbucks Latte.

The financials and news is running the market right now and it is all bad. I am not willing to take the risk and I don't think people have capitulated yet, but it may be coming.
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I didn't take that leap into the fire. I agree with you about retesting the November lows next week. We may even blow past it and really test our resolve, IMHO.
 
On 11 Oct 2007, the S&P was at 1554. Today's close was 733. Even with my losses last year (20%), if I bought in today 100c I would still have 40% more shares than I had at my account peak in 2007. For a retired person that was not contributing that would be huge. Thank you TSP Talk for showing me the error of my old buy and hold ways. I think my new philosophy is "buy right and sell smart".:nuts:
 
Tomorrow should be a telling day. If today's low holds we may have a shot at a short term bounce. I we pierce 741 early I'm not holding my breath for where we will go. Good luck to those in stocks, we shall see if my bailing and eating a 4% loss last week was a smart move or not. I am out of IFTs so I can't go back in at this point anyway until Monday.

4 more trading days until we grow two fresh new IFTs!!
 
JB,

Any move now is a short term thing anyway. Hard to market time with two forward trade opportunities...

I am kinda waiting for our brilliant Treasury Secretary to save the day. Or maybe our fearless leader. Or, maybe he could just scuttle most of the Porkulous Bill and start over. Till then, and till I know the tax policy me thinks I will be careful...
 
Boghie said:
Wind Hunter...

Just sitting here, becalmed...

But, got to be in the water to be sailing, eh...
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Kinda wish I was there enjoying a cold one. I'm here in the middle of the dark blue sea with bare poles. Just through out the sea achor and waiting for the seas to calm so I can head back to the harbor, or wait for the sun to shine and calmer winds. We'll see what tomorrow brings....:D
 
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