Mayday's Account Talk

Re: Mayday allocation talk

Around 2:00PM it looked like a blood-bath. The market came back from last I saw 112 points down to only 27 points down. If you were in today count your blessings at least you did'nt get slaughtered.
 
Re: Mayday allocation talk

It's the same ole story - have no fear. The NYSE breadth MCSUM is now above a longer term key resistance point and price corrections should be contained - it's hard for price to move loer the higher the MCSUM is. When you have the MCSUM as high as it is right now, many things roll off the markets with relative ease. Snort
 
Re: Mayday allocation talk

Birch I know you can't move in and out of stocks as nimbly as many of us can. Your vast holdings reduce your agility and it would cost you dearly in commissions. I can see why any correction we may experience is like water off a ducks back in your eyes. What goes up must come down but in the long run and with you I mean loooooong run it goes up. Being nimble I like to get out when it goes down. It saves capital.
 
Re: Mayday allocation talk

This bull doesn't pay individual trade commissions - I get 400 free trades per year and still have 148 left to burn this year. I just had one of my stocks bought out (TUG) and money should hit the account next week, also there is speculation that (HD) might be going out in a leveraged buyout - that is where my next cash reserves will come from so I can keep buying. A DOW as high as it is now looks expensive but in reality is still undervalued by 33% and is going to run at least several more months. The NYSE breadth MCSUM has indicated that the time duration for this current advance is more than likely going to last until the beginning of February. And if we do make new highs on the MCSUM and start seeing renewed gap expansion to the upside March or April will then come into play. Have you ever wondered how much income $1.2 million throws off in dividends? With this increased market volatility like today the potential to trade becomes very profitable. Flexibility and agility are hall marks of an individual investors portfolio. All you need is access to the phone or pc and hit the send button. Have you ever heard of shorting the box - very dangerous but can be very rewarding. I'm on the train and will cull the pretty ones out over time and replace them with more wall flowers. I think I'd like to make $100,000 this month in the oceanic. Snort
 
Re: Mayday allocation talk

I have no idea how much 1.2 million pulls in dividends. I can guess a "chunk a change". Do you have your computer set to sell at appropriate stops when the market tanks. It would seem a wise move considering your holdings and the volatillity of the market now. I would'nt want to see you suffer if and when this market slides.
 
Re: Mayday allocation talk

I have no stops to save my tiny can. The last time the market tanked in the May time frame I dropped $120,000, and in April-May of 2005 I dropped $138,000, these levels are tolerable - and I usually manage to do considerable buying when ever this happens - it's all in the business of holding considerable assets. Those dividends soften the blows and at to reinvestment at lower prices, so every correction has its' small blessing. As a buy and holder who enjoys pain on occasion it is far easier to make money in a secular than a cyclical bull market. Buy and hold works if stocks are going to rise steadily for several years. And with the Dow possibly going to 17,000 who knows how large the oceanic will grow. I can only speculate and I'' keep that to myself - no sense creating more animosity than I already have. I remember one time when I made $300,000 in ten months with a much smaller balance. December will most likely be very good to me.
 
Re: Mayday allocation talk

Stayed with S fund hoping for a favorable market reaction tommorrow. Jobs report and consumer confidence.
 
Re: Mayday allocation talk

Im hoping tomorrow is good as well... Although each day I trade into a stock fund lately feels an awful like playing chicken. You know the end is coming, how much you want to bet its not tomorrow.

Drive on... :)
 
Re: Mayday allocation talk

Im hoping tomorrow is good as well... Although each day I trade into a stock fund lately feels an awful like playing chicken. You know the end is coming, how much you want to bet its not tomorrow.

Drive on... :)

Jobs report We are looking for slow job growth or negative. Strong readings push back hopes of a fed rate cut. Weak readings raise hope of a rate cut moving market higher. We will see at 8:30am
 
Re: Mayday allocation talk

Looks like MRS. Market is ignoring what I would consider not to favorable numbers. Yet she still pushes higher.
 
Re: Mayday allocation talk

I placed a move to 100% I fund for tommorrow just in case I'm not by a computer at noon. Expecting a good day in the market today followed by good OS tonight. If I am by a computer around noon this could change.
 
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