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Rod's Account Talk
- Thread starter Rod
- Start date
Rod
Well-known member
imported post
Just when we think we couldn't go THAT much lower...:s
Something has to give.
But like ST said in his talkthread, trying to find the bottom in this sort of market climate is like playing with fire.
I feel like I felt back in March when I was invested in (I)- stuck in the muck-n-mire.
I noticed that theeuro, pound, and yen were gaining strength against dollar, so hopefully this will be good for the (I) come Monday. Who knows. No one knows.
Well, to sum up, I'm not going anywhere. Because when I do, the market takes off- even if it's a mini-rally. In the meantime we must keep this in mind- when the market does have a couple good days, we need to take those gains and move to (G) in preparation for another sell-off. The mistake I've made in the past was trying to recup ALL of my previous losses by staying fully invested when the market seems to be on the up-swing. This can be very deceiving. That's why it's best to bank those short-term gains so you do not lose those too and then some when the market eventually takes another hit. Also, dollar cost averaging seems very dangerous so far this year since it's been a losing year.
God Bless:^
Just when we think we couldn't go THAT much lower...:s
Something has to give.
But like ST said in his talkthread, trying to find the bottom in this sort of market climate is like playing with fire.
I feel like I felt back in March when I was invested in (I)- stuck in the muck-n-mire.
I noticed that theeuro, pound, and yen were gaining strength against dollar, so hopefully this will be good for the (I) come Monday. Who knows. No one knows.
Well, to sum up, I'm not going anywhere. Because when I do, the market takes off- even if it's a mini-rally. In the meantime we must keep this in mind- when the market does have a couple good days, we need to take those gains and move to (G) in preparation for another sell-off. The mistake I've made in the past was trying to recup ALL of my previous losses by staying fully invested when the market seems to be on the up-swing. This can be very deceiving. That's why it's best to bank those short-term gains so you do not lose those too and then some when the market eventually takes another hit. Also, dollar cost averaging seems very dangerous so far this year since it's been a losing year.
God Bless:^
coolhand
Well-known member
imported post
Rod wrote:
Rod wrote:
I suspectit's factoring in Friday's sell-off, but like so many others on this board I can't be sure. It is a strange fund that never actually stops trading.The (I) Fund sure is acting funny... the euro, pound, and yen continue to gain strength, but it sure is not helping the Fund.
Rod
Well-known member
imported post
coolhand wrote:
I sure hope that holds out. I could use the break.
God Bless:^
coolhand wrote:
Well, as of nowthe Nikkeiis UP .71% for the 19th.Rod wrote:I suspectit's factoring in Friday's sell-off, but like so many others on this board I can't be sure. It is a strange fund that never actually stops trading.The (I) Fund sure is acting funny... the euro, pound, and yen continue to gain strength, but it sure is not helping the Fund.
I sure hope that holds out. I could use the break.
God Bless:^
Rod
Well-known member
imported post
Hey Smine, you might find this interesting- the last time the euro, pound, and yen had 3 days of consecutive gains against the dollar was the last week of February. We gained .27 per share the next couple of days.
Anyways, today was the 3rd day in consecutive gains.
Will there be a fourth, tommorrow???
God Bless:^
Hey Smine, you might find this interesting- the last time the euro, pound, and yen had 3 days of consecutive gains against the dollar was the last week of February. We gained .27 per share the next couple of days.
Anyways, today was the 3rd day in consecutive gains.
Will there be a fourth, tommorrow???
God Bless:^
Rod
Well-known member
imported post
The Nikkei is currently down 2.34%. It still has 5 hours of trading left. Of course, this is a reaction to Wednesday's sell-off.
BUT, the EPY are still holding at:
1.3104
1.9196
0.00936
Respectively.
I know I already said that it's really difficult to read the (I) in this climate, but I just want you to know what I'm thinking. I'm sure the Nikkei will be down for the day. But again, this doesn't mean that the (I) will be. IMHO, as long as the EPY are not in a downward spiral I don't have a good enough reason to bail.
Today was a wake-up call though with the Asian markets ending on the UP but the EAFE losing over 1%. As we can see when we look at the share prices, the (I) remain UNCH (unchanged). This tells me it may still have some steam left and trying to hold on. Then again, it could be teeter-tottering on the edge...
I will continue to keep a very close eye on the EPY. If I begin to see a significantdecline, then I will bail.
LORD Bless you!:^
The Nikkei is currently down 2.34%. It still has 5 hours of trading left. Of course, this is a reaction to Wednesday's sell-off.
BUT, the EPY are still holding at:
1.3104
1.9196
0.00936
Respectively.
I know I already said that it's really difficult to read the (I) in this climate, but I just want you to know what I'm thinking. I'm sure the Nikkei will be down for the day. But again, this doesn't mean that the (I) will be. IMHO, as long as the EPY are not in a downward spiral I don't have a good enough reason to bail.
Today was a wake-up call though with the Asian markets ending on the UP but the EAFE losing over 1%. As we can see when we look at the share prices, the (I) remain UNCH (unchanged). This tells me it may still have some steam left and trying to hold on. Then again, it could be teeter-tottering on the edge...
I will continue to keep a very close eye on the EPY. If I begin to see a significantdecline, then I will bail.
LORD Bless you!:^
Rod
Well-known member
imported post
I forgot to add... I'm currently working 12 hour graveshift: 1830-0630. So, I'm in bed by 0800 which does not give me opportune time to watch the markets before our deadline to make IFTs.
When I make an IFT, it will most probably be very early morning orthe night before. So, I could make some very bad calls (Which I've done lately)since I'm not "in the action" while contemplating what to do. I wish I could watch it more closely, but my work/sleep schedule does not permit that.
Just so you know, if you are following my moves.
BUT Maybe this will somehow give me an advantage in the (I) though, since the markets are active while I'm awake... Yeah.... right...
God Bless:^
I forgot to add... I'm currently working 12 hour graveshift: 1830-0630. So, I'm in bed by 0800 which does not give me opportune time to watch the markets before our deadline to make IFTs.
When I make an IFT, it will most probably be very early morning orthe night before. So, I could make some very bad calls (Which I've done lately)since I'm not "in the action" while contemplating what to do. I wish I could watch it more closely, but my work/sleep schedule does not permit that.
Just so you know, if you are following my moves.
BUT Maybe this will somehow give me an advantage in the (I) though, since the markets are active while I'm awake...
Yeah.... right...God Bless:^
:^
Rod
Well-known member
imported post
smine wrote:
God Bless:^
smine wrote:
You know... I believe I will also lighten up for Monday. The way things have been going lately, I wouldn't be surprised if Monday-Wednesday of next week eats up these gains. Better be safe than sorry. BUT, I won't take everything off the table.With 25% C 25%S and 50% I finally gained .56 all together; now hiding in G for a rest. You did well Rod. Keep up the good work
God Bless:^
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