nnuut's Account Talk

[nnuut]

yeah we made more than we lost this week now i am going to grab 2 bottles of sauce (NOS) and go whip some ford A$$ have a great weekend and dont burn the pork

You beat the Fords butt and I'm going to smoke a PRIME RIB!!!!!! LOVE IT!!:laugh:View attachment 3754
Oh, I failed at my bid to quit smoking! I haven't given up though, going to regroup and try again, but not this weekend. View attachment 3755

Gonna have a good time and not worry about it!! Made some money this week, for a change!!!View attachment 3756

 

[airlift]

Don't ever give up, Good Luck!

 

[airlift]

Give me a smoke while you are at it!....lol!

 

[Birchtree]

If you only knew what that nicotine was doing to your blood vessels - when you turn 70 years old you won't be able to keep your legs warm and you'll be in constant pain due to lack of circulation. I quit when I was 19 and overseas - couldn't keep the damn things dry.

 

[nnuut]

I know it's going to be hard, been puffing sense I was 14 years old, only quit one time for 3 Months and had women problems and used that as an excuse to start back. I'll beat this SOB, but it's hard!! I've made up my mind!:nuts:
View attachment 3757
View attachment 3758

 

[nnuut]

Set a goal of one day at a time....if you last 2 days..so what...try again in a few days..

I'm with ya bro...I need to quit too after 30 years...

Maybe I'll start Monday?View attachment 3763

 

[nnuut]

Does this sound familiar?

Trader Tilt

by Janice Dorn, MD, PhD, The Trading DoctorSM | April 18, 2008

The day was more or less like any other trading day—full of thrills and chills, panic and elation, some "high-fiving" and some "what is happening here?"
Then he appeared. It was the first time I had seen him, but the look in his eye was familiar. It was not sad, not happy—just empty.
What could I say? His face, how he held his head and the way he quietly handed me the notebook said it all.
The first words he said were: "I made one trade last year and I am in trouble."
That got my attention. One trade in 12 months and in trouble was quite a different story from the one I usually hear. This was not the typical tale of the trader who laments over hundreds of trades, the inability to understand why they didn’t work, and why the accounts were now in significant drawdown.
One trade! I was very interested.
“Why are you here about one trade?”
He looked at me for a long time without speaking.
“Well, it wasn't exactly one trade. It kind of was one trade, but I kept adding to it, so the trade got larger and larger. I kept doing options on the SPY until I had hundreds—hundreds of options on the SPY.”
“So what happened?”[more]
http://www.[[financialsense.com/fsu/editorials/dorn/2008/0418.html

 

[Birchtree]

I had the same terrible experience in the mid to late 1990s with my position in AKS (Armco-Kawasaki Steel). It bled me down to the $3.00 share price and I followed it right down to the bottom of the well buying more and more increasing my loosing positions. But I felt confident that the pain would not last forever and started buying even more as it began to come off its bottom. I rode that puppy back to the $39 level and then got emotional - that was a big mistake. I decided I was not going to look the gift horse in the mouth on this one and eventually left another $80K or better at $69.00 sitting on the table. Always be right and sit tight.

 

[nnuut]

That kinda of thing will cause ULCERS!View attachment 3769

 

[nnuut]

BREAKING
NEWS
Bank of America's first-quarter profit sinks 77% to $1.21 billion, or 23 cents a share, missing estimates. Details soon.
http://money.cnn.com/?cnn=yes

Here it it!!
Bank of America misses forecasts

Drop in earnings far sharper than forecasts, although No. 2 bank stays in black despite writedowns.

April 21, 2008: 7:26 AM EDT

NEW YORK (CNNMoney.com) -- Bank of America took a much bigger hit to profits than expected in the first quarter but managed to stay in the black, the company reported early Monday.
Bank of America (BAC, Fortune 500) saw net income plunge to $1.21 billion, or 23 cents a share, from $5.26 billion, or $1.16 a share, in the year earlier period.
Analysts surveyed by earnings tracker Thomson First Call had been expecting earnings of 41 cents a share.
"These results clearly did not meet our expectations," bank Chairman and CEO Kenneth Lewis said in a statement. "The weakness in the economy and prolonged disruptions in the capital markets took their toll on our performance."
The company took $1.9 billion in writedowns in the value of its collateralized debt obligations and leveraged loans, although that was less than the writedowns in the fourth quarter.
The bank is No. 2 by assets behind only Citigroup (C, Fortune 500), which had far worse results in the quarter, posting a loss of more than $5 billion. Other financial firms to report losses in the first quarter include Washington Mutual (WM, Fortune 500), Wachovia (WB, Fortune 500) and brokerage firm Merrill Lynch (MER, Fortune 500). JPMorgan Chase (JPM, Fortune 500), the nation's No. 3 bank behind Bank of America, reported lower earnings that unlike Bank of America beat forecasts.
http://money.cnn.com/2008/04/21/news/companies/bankofamerica/index.htm?postversion=2008042107

 

[nnuut]

You know me, I'm am no bullshit kind or guy. These are hard times for the Market and TSPTalk. It's not over, and the right shall prevail.

 

[Fivetears]

eh... a little pumped there Norm? :blink:

...I'm am no bullshit kind or guy.

 

[nnuut]

View attachment 3779

IS THIS THE BIG ONE?:worried:

 

[Steadygain]

You know me, I'm am no bullshit kind of guy. These are hard times for the Market and TSPTalk. It's not over, and the right shall prevail.

Hello my friend, that is one of your greatest strengths and I find James, Tom and others the same way.

The hardest times for TSPTalk are the constant messages pouring out from those locked in snail mail. Now I certainly understand this being very frustrating and wanting to make known "it's been 8 days" or whatever - but when that's essentially all you see from Thread to Thread it gets old really fast.

It's a fundamental change we are all dealing with but if all of us could use just ONE THREAD for snail mail frustrations and use the others for more personal reflections I think the site would be a lot more rewarding.

As for hard times for the Markets - we all need to remember that the past 5 years were extremely good; very high gains year after year and achieving RECORD HIGHS over and over. So the stocks of these solid companies are honestly probably way too high and in desperate need of a significant reduction (I'd personally like to see a good 30% reduction from the high). But these companies are the founding blocks of civilization and they are solid as ever. The main problems we are seeing is the bubble of a booming housing sector that went unchecked with prices going to the sky and the financial sector responding with heartless gimmicks to sucker the buyers. The dollar sank from numerous bail outs/rate cuts - and OIL which is based on the dollar keeps hitting record highs. On the whole this is causing the general population to realize that "debt" is not a good thing - yet "debt" has always been the accepted standard.

So in answer to your question is this the BIG ONE? I would say all the pieces are lined up well for the big one. Jobs continue to evaporate; the worst is not over (probably just starting); Oil will continue to rise and with it everything else; money will be harder to come by for those who really need it and for those of us who have it - will probably all the more see this as a time to SAVE - and equally be less inclined to invest in Stocks. This of course will cause the Markets to tumble and THE VICIOUS CYCLE continues.

But that is the big advantage for those who use this site - because we have varried views and thus we can gleam from one another and find the golden nuggets.

 

[kar_crazy]

:laugh: the last golden nugget i seen was a catfish doughball dragging right past me down here scraping the bottem:laugh::blink:

 

[kar_crazy]

:laugh: the last golden nugget i seen was a catfish doughball dragging right past me down here scraping the bottem:laugh::blink:

speeking of catfish 12 years she put up with me i think i might take her fishing tomorrow but of course i will have to end up @ casino before the day is over try to keep her happy

 

[nnuut]

At close it wasn't as bad as I thought, that's a relief!!View attachment 3780
My wife LOVES to go to Casinos, and I go with her. I can't make any money there either!!:laugh:
What ever way the economy goes I have to go with it too, but just like the casino you never know when you're going to get lucky. I think we will recover from this thing in the end, it's just going to take time, we have no choice but to ride this horse until it drops. YEEHA!!!View attachment 3781

 

[Birchtree]

Contrarians would be particularly concerned about the sustainability of this rally if too many were jumping on board - but that is not happening if one uses the TSP as a microcosm.

 

[nnuut]

This rally must be very very small, or micro because I've been losing sight of the little bugger lately. Not much jumping going on around here in TSP land!! Personally I've made my last jump for this month and am tethered down here in "G" Penny Land.

 

[nnuut]

Still in the GLORIOUS Fund until the 1st of May. So like they or is it he says,"get right and sit tight". No choice, no voice, no money for my HONEY!!:notrust:View attachment 3791 s