MrJohnRoss' Account Talk

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Money has been rotating out of safer utilities into industrial sectors for better earning surprises. Think about those utility yields going up with dividend reinvestments - it's all in the sacrifice.
 
coolhand said:
During that last decline, I noticed that the utilities fund in my wife's ROTH account was dropping right along with the market. That was atypical action for a sector that's considered a safe haven.
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Yeah, I hear you. And it seemed like AAPL was it's own market... no matter what the market did, AAPL just kept on ascending steeper and steeper.

Perhaps the story I linked to yesterday about AAPL and PCLN are coming to fruition.

BTW, I noticed you're SS system is at the top of the tracker. Good job!
 
jkenjohnson said:
What was the cost basis for your TZA? Just curious.
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I bought mine at 19.85, but seeing how fast this ETF can change it isn't too bad as of right now...if tomorrow is a down day I could easily get back my losses today and maybe more it seems.
 
MaStA said:
I bought mine at 19.85, but seeing how fast this ETF can change it isn't too bad as of right now...if tomorrow is a down day I could easily get back my losses today and maybe more it seems.
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Even J-Trader is calling to short the market. Maybe we're in good company.

J-Trader's Market Analysis

On the other hand, this market looks VERY strong today. (These are the conversations I'm having in my head.) :blink:
 
MrJohnRoss said:
Even J-Trader is calling to short the market. Maybe we're in good company.

J-Trader's Market Analysis

On the other hand, this market looks VERY strong today. (These are the conversations I'm having in my head.) :blink:
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oh, BELIEVE me, they are SCREAMING in my head...
banghead.gif
 
MrJohnRoss said:
Even J-Trader is calling to short the market. Maybe we're in good company.

J-Trader's Market Analysis

On the other hand, this market looks VERY strong today. (These are the conversations I'm having in my head.) :blink:
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Yeah I started reading his blog a couple weeks ago which is where I found out RMI was hurting in TNA. All is well, I'm going to hang on to my TZA and hope for the best tomorrow. To me this is all a learning experience still.

Is there much different going short in TNA and investing in TZA? Seems like they do about the same thing...
 
MaStA said:
Yeah I started reading his blog a couple weeks ago which is where I found out RMI was hurting in TNA. All is well, I'm going to hang on to my TZA and hope for the best tomorrow. To me this is all a learning experience still.

Is there much different going short in TNA and investing in TZA? Seems like they do about the same thing...
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There should be only minor differences, much like there are minor differences in the % gain (and loss) in TNA / TZA. In an ideal world they would be exact opposites. But they're not.

I tried following J-Trader's advice for a few weeks, but after two failed trades, I gave up. I'm pretty good at doing that on my own. His longer term track record looks good - perhaps I didn't give him enough time.

You might want to paper trade with him for a while before you commit serious money to his system. Just my 2 cents.
 
MrJohnRoss said:
There should be only minor differences, much like there are minor differences in the % gain (and loss) in TNA / TZA. In an ideal world they would be exact opposites. But they're not.

I tried following J-Trader's advice for a few weeks, but after two failed trades, I gave up. I'm pretty good at doing that on my own. His longer term track record looks good - perhaps I didn't give him enough time.

You might want to paper trade with him for a while before you commit serious money to his system. Just my 2 cents.
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Well I haven't started following him or anything. I've just been reading the blog and seeing what others have to say. This TZA purchase was my first ETF purchase ever. I have a bad feeling if Google's earnings report is amazing the markets are going to sky rocket again tomorrow...hmm...

Another cool feature of OptionsHouse is they give you a virtual account to mess around with and it starts with $5,000. I guess I could follow his system with the virtual account and see how it pans out. If it works out well I'm going to smack my head on my desk for not putting real money into it lol.
 
MaStA said:
Well I haven't started following him or anything. I've just been reading the blog and seeing what others have to say. This TZA purchase was my first ETF purchase ever. I have a bad feeling if Google's earnings report is amazing the markets are going to sky rocket again tomorrow...hmm...

Another cool feature of OptionsHouse is they give you a virtual account to mess around with and it starts with $5,000. I guess I could follow his system with the virtual account and see how it pans out. If it works out well I'm going to smack my head on my desk for not putting real money into it lol.
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If the paper trades go good, it should give you confidence in his system. But if you're $5k paper trades turns in to $1k, at least you haven't lost any real $. Don't smack your head! Hopefully your real trades go as well as your paper trades!
 
MrJohnRoss said:
If the paper trades go good, it should give you confidence in his system. But if you're $5k paper trades turns in to $1k, at least you haven't lost any real $. Don't smack your head! Hopefully your real trades go as well as your paper trades!
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:)

I need to start learning what makes a company a good company to invest in. I see people talk about P/E ratios and all, but I don't know what that stuff means. So much to learn...I'll probably lose all of my money to invest before I learn how to invest it at my pace haha.
 
It's okay to take baby steps. You might want to decide early on which way you tend to lean. Fundamentals (i.e. P/E ratio's, dividends, etc.) or Technicals (i.e. Stochastics, Candlestick patterns, etc.). Find what interests you, and go with it. There are plenty of good, basic books on investing to learn from.

It would be good to understand both, but you might find that you have a stronger interest in one vs the other. Neither one is "right" or "wrong".

Just some friendly advice. ;)
 
MrJohnRoss said:
It's okay to take baby steps. You might want to decide early on which way you tend to lean. Fundamentals (i.e. P/E ratio's, dividends, etc.) or Technicals (i.e. Stochastics, Candlestick patterns, etc.). Find what interests you, and go with it. There are plenty of good, basic books on investing to learn from.

It would be good to understand both, but you might find that you have a stronger interest in one vs the other. Neither one is "right" or "wrong".

Just some friendly advice. ;)
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Thank you as always. :)
 
Google Beats Earnings Estimates - Plans to Split Stock

"... Google Inc announced a stock split designed to preserve the control of co-founders Larry Page and Sergey Brin over the No. 1 Web search engine, as it posted revenue in line with estimates.

Investors welcomed the first quarter revenue of $8.15 billion after the company's rare miss in the previous quarter.

Shares of Google, which finished Thursday's regular session at $651.01, rose 6 percent to $655 in after-hours trading.

Google said its board of directors has approved a dividend of stock to existing shareholders that it calls a 2-for-1 stock split, preserving its corporate structure. ..."
 
... and right after I posted the Google report, I realized they made a mathematical error. Anyone see it??? :rolleyes:
 
My mistake was buying at the beginning of this month - but how to learn from it is another question.
 
Doing the Roth Arithmetic - Casey Research

"... It's clear to me, even though it may not be clear to you, that unless there is something very unusual about your situation, if you have a traditional IRA, you should pay the tax now and convert it to a Roth IRA. Not just maybe, but definitely. Not just for a small advantage but for a big one. If you don't convert today, you'll ultimately surrender much more to the tax collector. You'll be throwing money away. And you'll keep throwing it away. It's a result neither of us wants. ..."
 
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