Poolman's Account Talk

Looking for help please.

I have 1 IFT left for June if I move from the G Fund to the S Fund on Monday June 30th before 12:00 PM does that count as an IFT for July or give me my 2nd IFT for June.

IMO I think Monday June 30th will be a selloff and Tuesday/Wednesday July 1st & July 2nd could be the only good days for the Month of July. THX - Braveheart
 
Looking for help please.

I have 1 IFT left for June if I move from the G Fund to the S Fund on Monday June 30th before 12:00 PM does that count as an IFT for July or give me my 2nd IFT for June.

IMO I think Monday June 30th will be a selloff and Tuesday/Wednesday July 1st & July 2nd could be the only good days for the Month of July. THX - Braveheart

Hi Braveheart,

Yes, IFT to S on Monday 30 Jun before 12:00 will count towards your 2nd allowed JUNE IFTS. It's a good practice to print that confirmation. It helps to confirm that it "took" by logging out, logging back in and requesting to do (another) IFT: the system will say that you have one IFT pending to be effective 30. I would also print that page.

Good luck and thanks for the tip on Monday and Tuesday, if you have additional info please pass it on, we (I) can use all the help we (I) can get!

CorMaGa34:cool:
 
Hi Braveheart,

Yes, IFT to S on Monday 30 Jun before 12:00 will count towards your 2nd allowed JUNE IFTS. It's a good practice to print that confirmation. It helps to confirm that it "took" by logging out, logging back in and requesting to do (another) IFT: the system will say that you have one IFT pending to be effective 30. I would also print that page.

Good luck and thanks for the tip on Monday and Tuesday, if you have additional info please pass it on, we (I) can use all the help we (I) can get!

CorMaGa34:cool:

There are no experts in this mess of a market I am basing this on the possible upside on the S Fund since I believe Visa was just added see below... So Tuesday & Wednesday could be when it moves in the final 2 minutes of trading today the volume was outrageous. The S Fund is based upon the Wilshire 4500 moving out the deadwood and bringing in better plays can only help. See Below Russell Rebalance today - THX for the info about the 2nd IFT !!!!

The Russell Rebalance

On Friday, June 27, 2008, Russell will reconstitute its 25 US indexes in order to accurately weight the 4,000 largest companies in the US stock markets by market capitalization (of float). The annual Russell Reconstitution is usually one of the most highly-anticipated and heaviest trading days in the US equity markets.
Each year, the Russell Investment Group rebalances its indexes during its annual reconstitution — commonly known as the Russell Reconstitution or the Russell Rebalance. On Friday, June 27, 2008, Russell will reconstitute its 25 US indexes in order to accurately weight the 4,000 largest companies in the US stock markets by market capitalization (of float) and in so doing provide a truer reflection of stock market activity and performance. Russell also has global indexes which will be reconstituted at the same time.
The reconstitution is usually one of the most highly-anticipated and heaviest trading days in the US equity markets, as index and other asset managers seek to reconfigure their portfolios to reflect the composition of Russell's indexes. Buying and selling activity by money managers will be influenced by companies being added and deleted from the Russell 3000 and Microcap Indexes as well as the changes in the weightings among component companies. Companies which are switched between the Russell 1000 and Russell 2000 indexes in the annual re-ranking may also experience elevated trading activity as there are different levels of assets managed to these indexes.
Russell calculates total market capitalization as of May 30, 2008, of US common stocks and ranks them from largest to smallest to determine whether they are large enough for inclusion in one or more of the Russell indexes. The largest 4,000 companies, which satisfy all of Russell's eligibility requirements, become members of the Russell indexes. After membership is determined, the shares of the securities are adjusted to include only those shares available to the public or otherwise referred to as "float." Stocks are subsequently weighted in the Russell US indexes by their available float-adjusted market capitalization.
 
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Looks like an IFT done effective COB June 30 counts in June!!!:laugh:

I just tried it and it states effective close of business June 30, 2008 so I cancelled it and have until Monday before 12:00 PM for the last IFT in June which is good but only if the Market is down on Monday.

Usually when something looks like a good deal watch your back and I expect the ECB to screw us next week which could send Oil up to $145 -$150
 
I just tried it and it states effective close of business June 30, 2008 so I cancelled it and have until Monday before 12:00 PM for the last IFT in June which is good but only if the Market is down on Monday.

Usually when something looks like a good deal watch your back and I expect the ECB to screw us next week which could send Oil up to $145 -$150

All I can say is thank the Good Lord I am glad I stayed right in the G Fund because I was away and never made the IFT in June. There is so much risk and every time we think we have seen it all another 200 point drop. I refuse to bet in this Market it is like a bad slot machine right now and it's throwing money away.
 
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