Poolman's Account Talk

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This is a pretty interesting Site. All kinds of Information can be pulled about different stocks. I kind of got stuck in it for over an hour. I am starting to think that yesterday's action with GS is not that big of an event. It could have just been a bad day for the stock. I see support at 159.32 and resistance at 170.46. I think it is just trading within it's trading range. Also 1 thing I was thinking could be that it's just a scare tactic. Everyone knows GS is a cornerstone stock if your into the markets. Why not trade down on a huge up day. Could be a headfake and rally time is coming again. I'm not to worried yet. And yet means immediately. Things can change fast. My immediate thoughts is "The trend is your friend" but that can change in a minute. So for now Up Up and away.

http://www.stockta.com/cgi-bin/opinion.pl?symb=GS&num1=3&mode=stock
 
poolman said:
This is a pretty interesting Site. All kinds of Information can be pulled about different stocks. I kind of got stuck in it for over an hour. I am starting to think that yesterday's action with GS is not that big of an event. It could have just been a bad day for the stock. I see support at 159.32 and resistance at 170.46. I think it is just trading within it's trading range. Also 1 thing I was thinking could be that it's just a scare tactic. Everyone knows GS is a cornerstone stock if your into the markets. Why not trade down on a huge up day. Could be a headfake and rally time is coming again. I'm not to worried yet. And yet means immediately. Things can change fast. My immediate thoughts is "The trend is your friend" but that can change in a minute. So for now Up Up and away.

http://www.stockta.com/cgi-bin/opinion.pl?symb=GS&num1=3&mode=stock
Click to expand...

I agree. That's why I'm still just watching it. A respected trader is what brought my attention to this stock yesterday, that and the fact that the SS seem to be struggling. Longer term I'm a bull, but what about the next 3 weeks? :rolleyes::D

Watch that support though.
 
coolhand said:
I agree. That's why I'm still just watching it. A respected trader is what brought my attention to this stock yesterday, that and the fact that the SS seem to be struggling. Longer term I'm a bull, but what about the next 3 weeks? :rolleyes::D

Watch that support though.
Click to expand...


For sure to watch GS and support. I also like getting info from you on the SS, Very interesting.

Also we need to watch the Dollar Index. If this thing looks like it is getting substantially higher Monday I'll be pulling out of the I fund. I think we still have some +FV starting Monday. :)
 
well I see what you mean, but: the euro/dollar went down for 2-3 days, and the 50 and 20 dma may look like a top, but the longer term 200 dma clearly turned a month ago and has been accelerating, so couldn't this be considered a dip - and time to accumulate I-fund? At least that's my thought......and possible effect of domestic economic data next week, to consider.
 
Poolman,

The Peter Shiff video was amazing. I think he realizes that the Gubmint has been the biggest Alt-A borrower in history. Borrowing from the Taxpayer Equity ATM in good times and bad. And, it sounds as if he believes that the brunt of the next leg down will be borne out by the government. I think he is correct. The Great Depression was carried on the backs of the private sector, this one will eventually force a massive style of living adjustment to the gubmint.

That is why I like my TSP. They can’t jigger the payout equation. They can jigger the income tax, but doing so will be very difficult (as we now see) and not very quick. Folks will have time to shield their assets in various ways from the grasping invisible hand…

However, in the short to midterm the TSP funds may ALL get bonked.
The ‘G Fund’: Can it keep up with inflation? Will it be ‘borrowed’ from to help pay for all the things the gubmint wants to fund?

The ‘F Fund’: Was anyone holding fixed assets happy in Carter I.

The ‘C/S/I Funds’: Eh. Higher taxes, lower consumer activity, high inflation.

I am riding this bull move, but have no idea how to allocate in Carter II.
 
poolman said:
http://www.nytimes.com/2009/08/09/business/economy/09stra.html?ref=todayspaper
Click to expand...

I guess you have to 'know when to fold em'.

I think the article is valuable, but a bit too wingy. I don't think one has to be on either wing - the momentum short termers or the Entish long termers. Why not have three long term allocations assuming a long term bullish market. Maybe a 80/20 equities to fixed for standard bullish markets, a 70/30 for normal, and 60/40 for conservative.

Such a trading ideology is neither buy and hold nor short term momentum. It is much easier to ‘fold’ from a 60/40 allocation than from an all-in where you might be hoping for your luck to change. It is a momentum move to reallocate to full snorting bull from an 70/30 than from a 00/100 holding.

You don’t have to win every game.
You just can’t lose everything in a couple of games.
And, you must win more than one game to stay on the table.
 
Good God CoolHand...

What is the Talking Ed substitute (he is a sitcom producer or director) doing? Does anyone watch this crappolla? You have to be a hand-to-mouth libtard to watch something like that...
 
Boghie said:
I guess you have to 'know when to fold em'.

I think the article is valuable, but a bit too wingy. I don't think one has to be on either wing - the momentum short termers or the Entish long termers. Why not have three long term allocations assuming a long term bullish market. Maybe a 80/20 equities to fixed for standard bullish markets, a 70/30 for normal, and 60/40 for conservative.

Such a trading ideology is neither buy and hold nor short term momentum. It is much easier to ‘fold’ from a 60/40 allocation than from an all-in where you might be hoping for your luck to change. It is a momentum move to reallocate to full snorting bull from an 70/30 than from a 00/100 holding.

You don’t have to win every game.
You just can’t lose everything in a couple of games.
And, you must win more than one game to stay on the table.
Click to expand...


Boghie,

These are good points you bring up. You definitely have to be a winner more than a loser. And being a winner requires a lot of hard work and Due Diligence.

I stopped participating in the markets for a couple of months and now I have some hard work ahead of me to beat the averages. That is what my goal is. :)
 
poolman said:
Jeeze, What an idiot interviewing Peter Shiff. I had not seen that Vid and it was hard for me to watch. He was Rude and arrogant and didn't give Peter a chance. :mad:
Click to expand...

I had a hard time watching it too. It was a smear tactic, plain and simple. That's why I'm saying the media has done a great job of elevating the level of anger in this country. If this keeps up we may find ourselves back in the 60's again.

Where's the Beatles when you need them? :nuts:
 
coolhand said:
Where's the Beatles when you need them? :nuts:
Click to expand...

CoolHand,

I don't think you will find the Beatles, you should be looking for the Sex Pistols.

There is an awful lot of anger and frustration out there.

Not a time of Hope and Change.:p
 
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