pointman72 Account Talk

[pointman72]

James,

Sorry for getting back to you so late. Work you know.

BLUF: Remember, trend is your friend.

Don't know for certain what is going to happen, just that something has got to give. Worst case, believe S will have a slow reaction to any major movement down started by the C or I, thus the lost will be minimal. If things pop upward, the S will have just as big a gains as any other fund. I currently believe the risk is acceptable and plan to stay until the trend changes.

My motivation is making as much money as possible a year, thus maximizing my base for future returns. This means I just as happy with a $.02 a share increase as a $.20 a share increase. It all adds up. I have already taken a
$.20 hit in the S fund and a $.09 hit in the I fund this year, but the market is so unpredicitable it couldn't be helped. I say stay with the trend and don't worry about tomorrow until something turns red for two days or more, or heads straight down. My 2 cents worth.

Good luck trading!

 

[James48843]

thanks for the thoughts. Very helpful.

Personally, I am thinking the "S" is going to lead the way down when the pullback comes.

I don't know if today is the start of the pullback, and I agree with you about the two days of blood being a good signal to pull out. Perhaps the USA today article today might be having some affect on the market today- it said that only once before have we gone this long without a 25 pullback, and that was in 1953-54. Maybe that scared some people who haven't been paying attention. We'll see in a day or two if the strength that the market has been showing can hang on.

I'm fully in - split equally right now between S and I.

Thanks for your comments.

 

[pointman72]

James,

I'm 100 S Fund.

Today is just pure reaction. Herd has been real nervous for a while now, just looking for an excuse to start a correction. Question is which way is the market really headed?

This afternoon and Monday will be the deciding factor. If things slow down before the bell today and start to bounce on Monday we are going to need some gorilla glue to hang on to this verticle assent for a couple of weeks. However, if it doesn't it's time to head to the lilly pad for a month (same as may last year) till a bottom starts to firm. Lucky for us we had a practice session last summer and have knowledge of which funds out perform others when coming out of the bottom of the correction.

Anyway, keep up a good spirit cause we are definitely gonna make some serious money this year!

 

[GGal]

James,


This afternoon and Monday will be the deciding factor. If things slow down before the bell today and start to bounce on Monday we are going to need some gorilla glue to hang on to this verticle assent for a couple of weeks. However, if it doesn't it's time to head to the lilly pad for a month (same as may last year) till a bottom starts to firm.


Anyway, keep up a good spirit cause we are definitely gonna make some serious money this year!

Well that's lovely, but I will be out of town Monday, Tuesday and Wed, and don't know yet if I will have internet access during the day!

GA

 

[Wrngway]

Well that's lovely, but I will be out of town Monday, Tuesday and Wed, and don't know yet if I will have internet access during the day!

GA

You could place an order over the phone, right? I thought TSP had that option. Unfortunately you may not be able to see what's going on though. :notrust:

 

[GGal]

You could place an order over the phone, right? I thought TSP had that option. Unfortunately you may not be able to see what's going on though. :notrust:

Thanks, WW.....maybe I could call a friend at the office, get them to check the charts....and call in if an emergency.

I've never done a call-in. My luck, the phone will be busy.

GA

 

[pointman72]

GA,

I'm sorry.

In similiar situations I've had to call TSP to make allociation changes. The touchy part is finding someone who you can call to get an assessment of current market conditions to help you with your decision.

If you can't find anyone let me know and I'll give you my name and work number (will send PM). By the way GA, I work at US Army Forces Command in Atlanta, GA.

For what it's worth: Best guess is Monday morning the USM will be Green (bounce), OSM will be red (reaction to USM red today) and the dollar will be UP. I expect the dollar to be up for a while, negating a lot of the profits created by the OSM. Remaining in the USM for the rest of the week is a 50/50 call.

Good luck, wish my crystal ball was working. Have a great weekend.

Dave

 

[GGal]

GA,

I'm sorry.

In similiar situations I've had to call TSP to make allociation changes. The touchy part is finding someone who you can call to get an assessment of current market conditions to help you with your decision.

If you can't find anyone let me know and I'll give you my name and work number (will send PM). By the way GA, I work at US Army Forces Command in Atlanta, GA.

For what it's worth: Best guess is Monday morning the USM will be Green (bounce), OSM will be red (reaction to USM red today) and the dollar will be UP. I expect the dollar to be up for a while, negating a lot of the profits created by the OSM. Remaining in the USM for the rest of the week is a 50/50 call.

Good luck, wish my crystal ball was working. Have a great weekend.

Dave

Hey, Hey! I will be working in the fine city of Newnan. Good idea. I will know by 11 am if I will have internet or not.

Thanks
GA

 

[GGal]

PM,

What do you think about our 'I' situation. You know the Forex analysts have gone less bullish on the Euro this week.

GA

 

[pointman72]

Georgia,

Sorry for the delay, just woke up. I'm in Hawaii for a conference this week. Believe the I fund will be the place to make some money for the next couple of days. See the dollar fluxuating some and midigating some of the return to I fund, but not to the extent that it will not out perform the S or C fund. IMHO.
Good luck!

 

[pointman72]

IFT for 50% C Fund and 50% S Fund.

Really wanted to stay in the I Fund for another day but the dollar is fluxuating to much. Thought I'd take a chance on seasonality.

Good luck all

 

[pointman72]

I'm currently 50% C Fund and 50% S Fund.

Experience tells me this is panic driven only.

My strategy is to stay invested until I see the USM bounce and then 100% in the OSM (I Fund).

Good luck everyone!!!!

 

[pointman72]

IFT for COB today to 100% S Fund.

Dollar is up today (now +.44 was +.50) and believe it will be for the next couple days, not a time to be in the I Fund. Moving to S Fund to eliminate FVs and dollar offset.

Good luck all!!!

 

[pointman72]

IFT for COB today to 100% G Fund.

Lesson Learned from last May "do not be in the market on a Monday morning during a correction". Paid the price last Monday because I forgot the rule.

Good luck all!!!

 

[FundSurfer]

Good advice. A lot can happen to spook the market over a weekend.

 

[GGal]

IFT for COB today to 100% G Fund.

Lesson Learned from last May "do not be in the market on a Monday morning during a correction". Paid the price last Monday because I forgot the rule.

Good luck all!!!

Hey, whydya wait so late to tell me? What do you expect me to do at this late date!!!!

LOL!

Well, if you're right, at least I have the 30 in G.

I'm such a chicken.

GA

 

[pointman72]

GA,

I'm so out of synch with the market it makes me wonder if I'm even making changes in the right year! LOL

Really scared to offer advice or write to much. Last year it was the exact opposite, I could do no wrong. Felt like I was under a microscope since I was the leader for most of the year. So I quess this is where life is trying to teach me humility.

Sorry for now saying something earlier, I realize us Georgia folks are a little slow on the uptake. LOL

Will try and do better next time. Have a great weekend.

 

[pointman72]

Typo:

Sorry for not saying something earlier, I realize us Georgia folks are a little slow on the uptake. LOL

 

[pointman72]

See what I mean:

Sorry for not saying something earlier, I realize us Georgia folks are a little slow on the uptake. LOL

 

[GGal]

Georgia,

I'm in Hawaii for a conference this week.
Good luck!

Where do I sign up for conference in Hawaii.........? We at Dept of Treasury are so mistreated.

GA