Playing the I fund

[Wheels]

It's up and well, up (.82%).

I think you are looking at yesterday's quote.

Dave
<><

 

[Greg]

7:50 pm EST and the fund prices aren't out yet, .

The share prices were on the TSP 800 phone recording since 6 PM CT. I-fund closed at $18.25

 

[Greg]

My aunt said the I-fund will close today at $18.17 (down $0.08)

 

[LA_Guy]

All the indices on the other side of the globe look green to me. What make your aunt think the I-fund will be negative today?

http://www.allstocks.com/markets/World_Charts/world_charts.html

 

[nnuut]

My aunt said the I-fund will close today at $18.17 (down $0.08)

Hey Greg, I think your Aunt is DRUNK again.

 

[Wheels]

MSCI says up 6 or 7 cents to 18.31 or 18.32.

Dave
<><

 

[LA_Guy]

Dave,
No fair valuation adjustment for today?

 

[charmedboi82]

I think you are looking at yesterday's quote.

Dave
<><

Sorta. I was looking at yesterday's new quote but I calculated it based on "yesterday's quote" (the one from Tuesday, the 'yesterday' in your comment). Don't know why I did that.

 

[vectorman]

I guess I'll throw my guess in the pot too, I fund up 18.40

 

[vectorman]

My aunt said the I-fund will close today at $18.17 (down $0.08)

Greg I bet your Aunt is saying that because she knows Milkman was in it today.

 

[pogo]

i say it's 18.42

 

[Greg]

It's $18.41 which is up 0.877%.
MSCI was up 0.353%

Yesterday, they UNDERpriced it 0.6%. Today, they gave it back.

 

[Wheels]

It's $18.41 which is up 0.877%.
MSCI was up 0.353%

Yesterday, they UNDERpriced it 0.6%. Today, they gave it back.

Yesterday was not an underprice, it was a correction from a fair valuation the previous night. Today was another fair valuation (about 10 cents over). That makes 3 fair valuations in the last 2 weeks. That's a little unusual. You normally only see about 1 a month (do you think they are reading our posts?). In any event, the I fund now "owes" 10 cents. We will probably see it subtracted tomorrow.

Dave
<><

BTW, Pogo and Vectorman, good guesses. You guys think you could throw those numbers to me about a day and half earlier.

 

[FundSurfer]

I had to wonder myself...

Do they tend to play more games with the "fair valuation" when there is big money moving in and out of the I-fund? If you think about it, the I-fund is the smallest fund TSP wise and daily money moving in and out of the fund would have a greater chance of being lopsided. Maybe they throw in the fair valuation to punish big movers. (Did I mention it is conspiracy Thursday?)

 

[Wheels]

Do they tend to play more games with the "fair valuation" when there is big money moving in and out of the I-fund? If you think about it, the I-fund is the smallest fund TSP wise and daily money moving in and out of the fund would have a greater chance of being lopsided. Maybe they throw in the fair valuation to punish big movers. (Did I mention it is conspiracy Thursday?)

I don't think so. In fact, the I fund and TSPers have very little to do with it. The I fund is invested in a Barclays fund called the EAFE Equity Index Fund. It's not the I fund that they are applying fair valuation to, it's this EAFE Equity Index Fund and there are many more people invested in it than us. As I said in my previous explanation, Barclays and other mutual fund companies use this fair valuation to protect their long term investors from short term traders trying to take advantage of stale prices. However what I didn't really make clear was that they weren't talking about us. We can't really take advantage because of our trading deadline. As far as how often they've been doing it, the TSP website says that it happens to this fund less than 20% of the time. I thought it was even less often than that. After almost two years of studying this particular topic, I am still learning.

Dave
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[Greg]

I stand corrected, today the I-fund was overpriced by 0.5%. Whatever the EAFE/MSCI does tomorrow, expect for them to take 0.5% away.

Record of them fudging the daily I-fund prices in 2006 YTD
============================================
Jan 03 Overpriced by 1.5%
Jan 04 Underpriced by 0.7%
Jan 05 Underpriced by 0.4%

Jan 20 Underpriced by 0.5%
Jan 23 Overpriced by 0.5%

Feb 07 Underpriced by 0.5%
Feb 08 Overpriced by 1.0%
Feb 09 Underpriced by 0.5%

Feb 14 Overpriced by 0.7% (I bought 40% I-fund this day . I was cheated.)
Feb 15 Underpriced by 0.7%

Feb 16 Overpriced by 0.5% (if you sold I-fund today, you got a 0.5% bonus)

 

[Rod]

The (I) is becoming less and less attractive to me. Too many fudguations.

Overall, I believe we can make more $$$ off of C&S than (I) b/c they are much easier to analyze IMHO.

God Bless

 

[TGA]

Feb 16 Overpriced by 0.5% (if you sold I-fund today, you got a 0.5% bonus)[/QUOTE]

.5% sounds good to me.... Maybe I'll buy some back today if it is down big!
Although I don't like to hold it over the weekend.

 

[Rod]

Check out the RSI (top graph). You can clearly see how choppy the EFA has been the past week.

http://stockcharts.com/def/servlet/SC.web?c=efa,uu[m,a]daclyyay[pb50!b200][vc60][iUb14!La12,26,9]&pref=G

 

[Wizard]

RSI is showing weakness.

It needs to bounce off the blue line.

If not then it rolls over and travels to the red line.

The MACD is confirming the down draft.

Good down side support at 56. It is overextended and needs a breaks.