MrJohnRoss' Account Talk

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I should of made my stop a bit higher since this stock is OTC and delayed more then the rest by 15-20 minutes it seems. By the time my stop triggered and processed due to the delay I think the stock had fallen even more. We live and we learn. :)

At least I was able to get the stop setup because had I not...I would of lost a ton more lol.
 
MaStA said:
I overslept...these late nights have been killing me. Anyhow my stop sell sold my shares, but at $2.53...that is pretty far off from the $2.75 that I set so I lost some money ($32.40 + commission) on it. I wonder if this is just because USAA's system is slow or if it dropped so fast that it was too late once the stop kicked in.
Click to expand...

Glad you were able to get out. Think of your trade this way: That $32.40 was not a loss, it was the price of an important lesson that you'll use for the rest of your life.
 
Would you like to see how these slick "financial services" sales people twist words around to entice you to buy annuities instead of investing in the market on your own? Since I used to be in "the business", I still get pitches from sales gurus like this guy.

davidscrantonenl.jpg

Take a look at this email I got from an annuity sales "expert". Notice how charming he looks. Oh, he'll look very professional, and has made LOTS of money, so people will think he's successful, but in reality, he's a blood sucking leach.

I recommend that you NEVER entrust your money to ANYONE. No one cares more about your money than you do. These creeps only want one thing... to make a sale, so they can make a commission. Then they're only concern is looking for their next victim.

Insider sales tips link HERE.
 
MrJohnRoss said:
Headline: Why Obama Is Wrong and Romney and Ryan Are Right About Taxing the Rich

...Obama's math just doesn't add up. The so-called Buffett Rule championed by the President, which would tax millionaires at a minimum rate of 30%, would only raise about $40 billion, a tiny drop in the nation's $15 Trillion-plus deficit...
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So Romney and Ryan instead want to cut spending & lower taxes. If Ryan wants to cut 1/3 of government spending (5.3 trillion) and lower taxes (2 trillion) coming to 7.3 trillion. That means he needs to cut the federal budget roughly in half. How does he plan to do that? Cutting 810 billion from Medicaid represents roughly 10%. What else is getting chopped. I understand they want to "broaden the tax base" but I don't know what they are broadening it to. I'm guessing that cutting the Federal budget in half will result in a measurable uptick in unemployment. So, what new individuals are they "broading" the tax base too? Immigrants?

Before I conclude that these plans "add up" I'm going to need a lot more specifics about what is being cut where the broadening is coming from.

"House Budget Committee Chairman Paul Ryan's, which cuts $5.3 trillion from government spending (including $810 billion from Medicaid) and cuts taxes by $2 trillion by lowering the top marginal tax rate to 25%.Republican Presidential hopeful Mitt Romney has expressed support for the broad outlines of Rep. Ryan's plan. Romney wants to cut the top marginal tax rate to 20%, repeal the estate tax and Alternative Minimum Tax, cut government spending and reform entitlement programs."

FWIW I grew up in WI and am very familiar with Rep. Ryan. He's grandstanding, plain and simple. The budget is full of holes.
 
We're in a world of hurt, just like Greece is, most Americans just don't know it yet.

Yeah, if we cut too much, we go into a depression. Bad.

So let's just keep on pretending that we all have lots of money and keep spending like there's no tomorrow!

I call that the "let's stick our head in the sand" approach.

Kinda like if my family had a million dollars of debt, and we keep on spending like crazy, the solution is simply to get more credit cards, right? We'll let the kids and the grandkids worry about it! Yuck yuck!

Eventually we're going off a cliff, and we all know it. It's gonna be a nightmare, much worse than a depression. IMHO.
 
Ok, but the U.S. is not Greece or a household budget. Be careful what you wish for, recent austerity measures have had dubious implications in many countries. I'll agree that caution and prudence is warranted but I do not think Rep. Ryan's plan has much caution in it, it's a headline grabber. In my opinion he's just like that finance guy you posted about, craving attention and personal gain.
 
Not trying to change the subject, but that play with STVF seems to be a well planned out , well, somone called it "pump and dump". I have a list of unlikeables (car salesmen, some attorneys, some contractors) that are on the bottom of my s--t list. I think I'll have to add Wall Street financial advisors to the bottom of the list after what I saw happen with this stock. There are probably a lot of unsavy investors that really got screwed on this deal.
 
Apparently, some people hold a grudge. My advice: Let it go. A bitter attitude leads to bitter heart, which leads to....

bitter beer face.jpg
 
MrJohnRoss said:
jken, I didn't mean you. Someone else on another thread is calling me a liar for selling my shares near the peak.
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Ohhhhhhh, it was YOU he was talking about. Sometimes people forget to take their happy pills. Either that or they cannot handle the good fortune of others.
 
MrJohnRoss said:
jken, I didn't mean you. Someone else on another thread is calling me a liar for selling my shares near the peak.
Click to expand...
I think he was really just asking for you to post when you got the feeling to sell to help others and not after the move is done. Just my guess.
 
MrJohnRoss said:
jken, I didn't mean you. Someone else on another thread is calling me a liar for selling my shares near the peak.
Click to expand...

Within this forum, a measure of one's character is revealed when they are both successful at winning and failure. There are times we've seen folks posting everyday when they are doing well, but when they falter they suddenly disappear only to later return when they are doing well again.

You are new here and a few times your posting style has come off as young and arrogant, having said that, I "get you" and I realize you aren't as young as your writing style, and I believe you have a good heart. Everyone should understand that in this forum, true performance is measured with sheer time and enrollment in the Auto Tracker. In those terms you are new, so when you come out of the gates like your system is the holy grail, you should expect to be (respectfully) challenged.

As for Milk Man, he wears his heart on his sleeve to a fault, he can be one of the nicest people you will ever know, but he's also a bit of an azz. He's got a mouth that won't quit and was once permanently banned. But setting aside his character flaws, he has helped this forum make loads of money and his Auto Tracker performance in both time and results is proven, something many folks in the forum can't say.
 
I agree. People in general love to talk about their winnings, but are silent when they lose.

Thank you for your viewpoint that I can come across as young and arrogant. I'm certainly not young, and I apologize if I've come across too strong.

The Auto Tracker is the great equalizer. Like I stated when I first began this thread, I only hope I can make a respectable showing.

I've posted my timing system results several times here, but I don't like to do it too often for fear of coming off as bragging. That's not my intention. It's meant to show how my system has performed vs the market over time. It's something I've worked hard at, but is not a panacea by any means. If I fail, it will be in real time, right here in front of everybody. I'm not gonna try and hide it.

Thanks for your post JTH, it is appreciated.

JR
 
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