mlk_man's account talk

[mlk_man]

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Rolo wrote:

Greg wrote:

I also feel that professionals that actually use DSM4 would say that you crossed the line using it against someone.

I wasn't using it against him; how could I when I stated that I am in the same boat? (read my account talk for more info on that)  

There is more context to this that you are not aware of since you have not seen every exchange between us...which is exactly my original point about keeping things in PM when they are not appropriate in public.  People who do not have the whole picture butt-in (some with noble intentions, others not) and a mountain is created out of a mole hill.

Now that we all know the adverse impacts of airing dirty laundry, we all know not to do it.  If I see it (I don't care who writes it), I will delete it without warning, so don't waste your time.

heh...My wife commented a while back about how surprised she was that a bunch of middle-aged guys talking about money can be so touchy and sensitive.  She has a point.

FOr the record, every exchange we've had is somewhere on this site except for the couple of e-mails I sent you about the e-list I was starting. WHich BTW, I chose not to add you to.

The only one I see airing dirty laundry is you. You come here bashing me, in my eyes, and then it's every else's fault. I simply had a problem with someone's account being blocked. You chose to make it personal. If you can't leave the past behind, perhaps you should reconsider your position. Is this why you became moderator, so you could delete posts that you don't like? Much like your friend Sarah?

 

[mlk_man]

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Greg wrote:

Rolo,

I feel your 9:18 PM comments were 100% personal attacks.
I also feel that professionals that actually use DSM4 would say that you crossed the line using it against someone.
I'm don't want to have cross-words with you, so I won't be replying to anything else on this discussion - other than to say that everyone here hopes MM stays.

Sincerely & Over-and-Out,
G

Thanks greggy, but this doesn't mean I'm gonna swap spit in the shower with ya..........

 

[Rolo]

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mlk_man wrote:

I'd kick your ass too, but PETA might come after me.....

hehehehe...that's a good one.

 

[mlk_man]

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This from a recent newsletter sent the evening of 9/27/05:

Outlook:
Despite some late-day resistive volume (see a one-day chart), we believe the market has now accumulated sufficient supportive volume to fully compensate for last week's excess of resistive volume (view a 5-day chart). Particularly the large VMA spike to the upside seen near the close on September 16 had caused the market to stall early on last week and then spin into a decline. A large supportive VMA spike on September 20 "processed" the bulk of the resistive volume generated on September 16. We believe the trading action since then has now amassed sufficient cumulative supportive volume to bring about a resumption of the mid-term uptrend - we believe an upswing is thus more or less imminent.

For the mid-term, we continue to see the potential for further upside, and anticipate that the major indexes will extend their mid-term uptrend. The supportive volume spike created in mid-April on a 6-month chart of the S&P 500 index remains the dominant volume surge, still exceeding the resistive VMA spikes that have since followed.

Likewise, our long-term view also calls for a continuation of the long-term uptrend. The large VMA spikes to the downside seen in late July and mid-October of 2002 (on a 4-year chart of the S&P 500 index) presently remain unchallenged.

Financial Press:
While the oil and gas industry in the Gulf of Mexico is picking up the pieces (reopening refineries and the offshore production infrastructure), Ali Naimi - Saudi Arabia's Oil Minister - commented on the fragility of the petroleum industry and the recent high volatility seen in the oil markets. Mr. Naimi repeated a crucial point already made by other oil market analysts - he reiterated that there is currently enough crude oil being produced to meet the world's demand, but that the problem is a lack of lack of refinery capacity. The Oil Minister also made a further salient point - he said OPEC had found no takers for its recent offer to supply an extra 2 million barrels of crude oil per day. And while the International Energy Agency had also extended an offer for additional oil (of some 60 million barrels), only 11 million of those barrels actually found takers. This underscores the fact that that constraints are to be found primarily in the refining sector rather than at a production level (the situation may be slightly different for natural gas, however).

The financial press reported that two crucial news items were taken fairly well today (with the market showing a split performance but generally trading flat). There was a sharp drop in consumer confidence - the index's largest decline in 15 years - spreading doubt and skepticism about consumers' ability and willingness to spend, perhaps even jeopardizing the "holiday shopping season". Economist commented that even before Hurricane Katrina had hit on August 29, consumers were already being confronted with higher and higher gasoline prices. The slide in the index was the biggest seen since October 1990, a time when the market faced a new recession, the coming of the first Gulf war, and - similarly to today - a spike in gasoline prices. Some analysts warn however not to overemphasize the relationship between consumer confidence and actual consumer spending, particularly as long as employment and income numbers stay in positive territory.

The government today also reported new home sales for August. The data reveals sales plunging by the largest extent in roughly 9 months. Despite the weakening sales, the median house price rose by 2.5%.

 

[mlk_man]

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Don't you just love how the indices shoot up right at noon...........:shock:I think tomorrow will end up higheralso but I'm starting to wonder about Mon. and Tues. My original plan was to exit the market on the 2nd trading day of Oct., but I might take some off tomorrow. Hmmmmmmmmmmm, heck, I might even jump into the "I" fund tomorrow. :h

Good luck,

M_M

 

[mlk_man]

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Hmmmm, Nikkei down today and the dollar is currently up, good day to perhaps buy some "I" fund? I'll think about it..........if I do then everyone else should jump out of it. It always gets me.........

Good luck,

M_M

 

[Rolo]

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I'll be there with ya!

(don't you feel all warm and fuzzy now)

It probably will be a good day to buy I...a small pullback is to be expected after a long white day like yesterday.

 

[mlk_man]

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Like I said, if I do, you better run!!!!!!!!!!!!!!!! :end:

 

[mlk_man]

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Hey Rolo, while you're here and not giving me a hard time, what are your thoughts on Gateway(GTW)? I bought some yesterday morning simply for the fact that no one else seems to want it right now. Think it'll rebound?

M_M

 

[mlk_man]

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mlk_man wrote:

I will stick with 100% S probably until the 1st or 2nd of Oct. and then see where we are at. We might see a pull back at that time.

IF anything I should probably diversify into the C and I funds also, but I won't at this time.

Good luck,

M_M

Well after contemplating the negatives and accentuating the positives, I've decided to stick with my original plan for now. My thinking is that if we can get another leg up today, even a slight one, the dumb money will see this week as a rally and jump in on Monday and Tuesday. Then the big boys will say "gotcha" and dump the rest of the week. Of course the bottom could drop out from here or we could skyrocket to the moon. This is why I still have my day job............:^

I will be putting some into the "I" fund just for GP. Mainly just to jinx Rolo..........

Good luck all,

M_M

 

[mlk_man]

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BTW, one thing I do like seeing this morning is that the semiconductor sector is up. The market has a tendency to follow them. :^

 

[mlk_man]

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Well I decided to put half in the "I" fund, RUN!!!!!! I am now 50-50 S and I. THe EFA down right now, hopefully it won't be one of those "adustment" days so I can buy low, although this would be bad for people in it now.



Good luck,

M_M

Thanks for cheering smine!!! :^

 

[mlk_man]

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mlk_man wrote:

Think we have it rough. I just tried to move some money around in a friends 401K and got this message:

[font="arial, helvetica"][size=-1]Welcome to The 401(k) Information Center

The American National Insurance Company Home Office in Galveston, Texas is closing Wednesday, September 21st due to Hurricane Rita located in the Gulf of Mexico and the evacuation of Galveston Island. At this time, the duration of the closure is not known; however, we will be open for business as soon as weather permits.

Account activity or transactions can be entered but will not be processed at this time due to this weather emergency. All transactions will be executed immediately upon resumption of operations. In the unlikely event we experience disruption of web connectivity, this site will no longer be available. We regret any inconvenience the temporary interruption of this service may cause you.
[/size][/font]

[font="arial, helvetica"][size=-1]Now why would they put their home office on an island known for turbulent weather? If what some say is true, could be quite some time before we can move her money. I have her in ultilities and energy right now. They have done well most of the year. [/size][/font]

[font="arial, helvetica"][size=-1]I hope they don't keep her money in Galveston, she may have to go fishing for it....:shock:[/size][/font]

[font="arial, helvetica"][size=-1]M_M
[/size][/font]

You know when I move money around in this account, they give you a confirmation number immediately. Our TSP gives us a confirmation e-mail later that evening. I wonder if it would be more prudent to give us a confirmation number also? It's just a computer generated number after all............:%

 

[smine]

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looks like you did real good today, staying in S!! Kudos :^

 

[Rolo]

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mlk_man wrote:

Hey Rolo, while you're here and not giving me a hard time, what are your thoughts on Gateway(GTW)?

I dunno...if I tell you, will you get all ticked off and threaten to leave?

hehe...couldn't resist.

Gateway...soon-to-be has-been. Dell is the leader in the mass market PC industry. GTW is cheap for a reason.

Very few down-trodden stocks are good phoenix stock prospects. Many thought K-Mart would be one of them and that didn't work out. Just because a stock was once worth $X amount, doesn't automatically mean it is capable of doing it again.

Even if you do find a good phoenix stock, how long will you have to wait for it to turn around and what are you missing in the meantime?

Buy on strength, not weakness...which, I know, seems contrary to "buy low, sell high", but it isn't, for it takes much of the risk out of it.

Also, as much as I like tech stuff, tech is not the sector to be in right now...there is much better.

 

[Rolo]

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Once exception to the tech rule that I know of: RHAT.

 

[Birchtree]

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EP-Elpaso went from $80 down to $7. That's where I started buying. It is now pushing $14 on its way maybe to $20 and perhaps beyond. I plan to increase my positions all the way up - no matter how far. The energy play is here to stay.

 

[mlk_man]

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smine wrote:

looks like you did real good today, staying in S!! Kudos :^

Yes, I finally did something right huh?

Looks like I'll lose some today in that "I" fund because the dollar is up strongly. I told you all to run I once I bought into it!!

I might just be brave and go 100% I today...............:shock:

 

[mlk_man]

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Rolo wrote:

Once exception to the tech rule that I know of: RHAT.

Yeah, I had some RHAT but sold it right before the latest big upswing.........

 

[mlk_man]

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Birchtree wrote:

EP-Elpaso went from $80 down to $7. That's where I started buying. It is now pushing $14 on its way maybe to $20 and perhaps beyond. I plan to increase my positions all the way up - no matter how far. The energy play is here to stay.

Yes I still like energy also. I like my SWN holdings better than EP though. :^