Macdaddy's Account Talk

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MacDaddy

MacDaddy

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Current allocation = 100% "S"

I guess in order to come out of "lurker" status I'd better make a thread of my own.

Yesterday looks like it would have been the right time to punch out...... Hindsight 20/20. I'm out today and back to 100% "G". I'm not crazy about being in anyway with the debt ceiling issue forthcoming. I'd rather lock in what I have and wait for another opportunity to buy back in.
 
I'm with you. I went back to G today as well. It was a day late, but I'd rather keep some of my earnings than lose them all.
 
MaStA said:
I'm with you. I went back to G today as well. It was a day late, but I'd rather keep some of my earnings than lose them all.
Click to expand...

I agree. Went 50 G and 50 F today. Large gaps between 1340 down to 1310 on S&P waiting to be filled. Europe debt crisis brewed up again today with Italy now in focus and next week European bank "stress tests" We'll see how they spin THAT!
 
I wanted to be back in before Aug 1st because of the IFT limits as I still had 1 left for July. Unfortunately, because of the debt "crisis", I'm not willing to make a play just for the sake of preserving IFT's in August. Still sittng in "G" and waiting for things to settle down a bit :confused:
 
Glad I din't get in now :sick:

Still waiting for things to settle down but I'm leaving tomorrow for week's vacation and won't have any internet access. I guess I'll continue to sit on the sidelines rather than risk it and not be able to follow it.
 
Back from vacation and I see that the carnage has continued :(

I'm all in "S" to day looking for a decent bounce tomorrow...... We'll see :confused:
 
MacDaddy said:
I'm all in "S" to day looking for a decent bounce tomorrow...... We'll see :confused:
Click to expand...
I hope you enjoyed your vacation!

It's options expiration week, and Friday expiration day. For that reason I am always suspicious that there is an area that options traders are trying to pin the market. I would guess that, if we are going to get a big rebound day, it is more likely to come on Monday or Tuesday.
 
Our vacation was great, always hard to come back to work though.

Thanks for the insight. I don't really know what to expect except the unexpected. This market is all over the place recently, which makes it very hard to be confident in your choices.
 
Friday didn't turn out as myself, and I'm sure a few others were expecting. I decided to stay in (nervously) and see what developed. Yesterday was relatively flat so I remained 100 "S" for today. I saw the market climbing early so I used my last IFT to go 100% "F". Tom, your advice was spot on :D Although I would have preferred to not sweat it through today. I dropped 1.86% initially, but todays gains made for a nice little bounce.
 
Question for anyone??

Would an IFT by COB today be counted for Aug since it would have been requested today, or against Sept since it wouldn't take effect until tomorrow?
 
If you are already "in" when the month rolls over you can IFT to any fund twice (2 per month) and still be allowed the default back to "G" at any time for a total of three.
 
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