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Rod's Account Talk
- Thread starter Rod
- Start date
Birchtree
Well-known member
Good position choice - not speculation
Rod,
You are now walkin the talk - you will certainly make money in the S fund. It's been a long ride up for my small cap fund so I'm peeling off a little but not real aggressive - there should be more to go. M&As will start picking up and many small caps will fetch a premium. Good luck.
Dennis
Rod,
You are now walkin the talk - you will certainly make money in the S fund. It's been a long ride up for my small cap fund so I'm peeling off a little but not real aggressive - there should be more to go. M&As will start picking up and many small caps will fetch a premium. Good luck.
Dennis
Rod
Well-known member
Thanx Dennis!
The loss today was rather mild- .07 per share. That tells me we are readying for a rebound.
My philosophy is this... if I lose $$$ it's my own fault b/c I can stay in the market as long as needed to make up my loss.
Sure, I can continue to lose $$$ while remaining in. But I'm losing $$$ and NOT shares. As long as I am in, I will eventually gain back the loss with the same number of shares intact. I won't pull out after a loss UNLESS the market is tanking. It is not tanking at this time. Just a few hiccups here and there. Again, I HATE selling a loss. During a loss, I'd much rather control 10,000 shares of (S) @ its going rate than try and multiply those shares in order to gain back the loss. "Murphy" tells me that IF I exit the (S) on a loss in order to multiply more shares by buying back into it on a an even further loss, THAT'S when the market takes off and I find myself buying in higher than what I exited on. NOW I own less shares b/c I bought in higher. It's not for everyone and not everyone is "share minded", but this is what has been working for me.
Although there won't be much in economic news next week, perhaps we can make back this week's losses and then some. I think it should be a rather safe week (economic news wise) to be in equities and get the feet wet if you've been out. Hopefully investors will now look at next week as a buying opportunity.
God Bless
The loss today was rather mild- .07 per share. That tells me we are readying for a rebound.
My philosophy is this... if I lose $$$ it's my own fault b/c I can stay in the market as long as needed to make up my loss.
Sure, I can continue to lose $$$ while remaining in. But I'm losing $$$ and NOT shares. As long as I am in, I will eventually gain back the loss with the same number of shares intact. I won't pull out after a loss UNLESS the market is tanking. It is not tanking at this time. Just a few hiccups here and there. Again, I HATE selling a loss. During a loss, I'd much rather control 10,000 shares of (S) @ its going rate than try and multiply those shares in order to gain back the loss. "Murphy" tells me that IF I exit the (S) on a loss in order to multiply more shares by buying back into it on a an even further loss, THAT'S when the market takes off and I find myself buying in higher than what I exited on. NOW I own less shares b/c I bought in higher. It's not for everyone and not everyone is "share minded", but this is what has been working for me.
Although there won't be much in economic news next week, perhaps we can make back this week's losses and then some. I think it should be a rather safe week (economic news wise) to be in equities and get the feet wet if you've been out. Hopefully investors will now look at next week as a buying opportunity.
God Bless
Rod
Well-known member
The markets didn't move much at all today, as I had suspected. But the (S) still managed some modest gains of .08 per share, something I was banking on and will continue to bank on throughout the week since there shouldn't be any major market moving reports to drastically move the markets one way or the other.
So, why not hang in equities and capture a few pennies here and there if a major drop isn't anticipated???
Here's banking on that gains will outweigh the losses by week's end.
God Bless
So, why not hang in equities and capture a few pennies here and there if a major drop isn't anticipated???
Here's banking on that gains will outweigh the losses by week's end.
God Bless
Last edited:
Birchtree
Well-known member
Henry To
Rod,
Henry To of Marketthoughts is recommending a sell on small caps - this is the first I've seen in print anywhere. I'm easing out very gently - not taking much off the table but reducing over the long term. Part of my so-called renegade contrarian nature - but it is my money. Take care.
Dennis
Rod,
Henry To of Marketthoughts is recommending a sell on small caps - this is the first I've seen in print anywhere. I'm easing out very gently - not taking much off the table but reducing over the long term. Part of my so-called renegade contrarian nature - but it is my money. Take care.
Dennis
Rod
Well-known member
Good on Henry... so far
Looks like Henry knows his stuff.
But I must admit, even if you would have told me this prior to the noon deadline, I was still determined to "stay the course".
I'm staying positive and will remain bullheaded... err, "bullish" b/c what goes down must go up... eventually.
Will it tumble another 1% before it hits bottom???
If it does, that's the chance I am willing to take b/c I still have another 34 years left in playing this game.
God Bless
Birchtree said:
Looks like Henry knows his stuff.
But I must admit, even if you would have told me this prior to the noon deadline, I was still determined to "stay the course".
I'm staying positive and will remain bullheaded... err, "bullish" b/c what goes down must go up... eventually.
Will it tumble another 1% before it hits bottom???
If it does, that's the chance I am willing to take b/c I still have another 34 years left in playing this game.
God Bless
Rod
Well-known member
Just Another Day...
I'd be fib'n if I said the .24 per share drop in (S) yesterday didn't bother me.
It did. But I am a rather optimistic (too optimistic at times) person and still hoping for a tech turn-around.
Do you know those feelings you get when you make a move... sometimes you're not as confident but you place your order anyways. Maybe your indicators are giving you a green light, but there is some reservation in your "gut". At other times you are sure you are on the money b/c either you've done your homework or your gut tells you so. Then again, sometimes your indicators are flashing red, but your gut is saying, "go for it". This is more cockyness than confidence, though.
When I made my move for Friday (effective 100S for Monday) I was confident or "cocky" of being "speculative". For those of you who don't know what that means, this is from investorwords.com:
Although I made $$$ on Monday, my intention was not to speculate for Monday only, but for the entire week unless something more attractive came along. I was also banking on the fact that there would not be as many economic reports possibly having a negative impact. I'd still like to know what fueled the sell-off in techs yesterday. Fear??? Panic??? Was is b/c folks thought Cisco would come in short today, when in fact they beat expectations??? Whatever it was, it looks like it is trying to recover some.
I told MLK_Man we shouldn't question our moves, but learn from them.
So, what have I learned?
I'm learning that I am becoming more and more patient when a loss hits me. Before my emotions would have taken over and I would have ran for (G)... which BTW is not always a bad thing. Also, perhaps I would have been "cowering" in (G), afraid to make any type of move... which CAN be a bad thing b/c that's generally when the market takes off without you. You are then forced to wait until it comes back down.
I'm learning patience and keeping my emotions at bey. That can be rather difficult.
As mentioned earlier, I will only lose $$$ (in the short term) if I pull out and hide in (G). As long as my shares are intact, I stand a very good chance of gaining back my losses.
BUT at what expense???
If anything, it's at the expense of further shares if you don't pull out and the market begins to tank on top of you. If you in fact pull out, and the market continues to drop, you can simply buy back in at cheaper prices, thus gaining more shares. But we can't tell the future, can we?
BUT, the opposite can happen too. There can be a sell-off (as there was yesterday in techs), then "fear" drives you to the sidelines. Before you know it, there is a turn-around which would lead you into buying at higher prices than you were BEFORE the loss. Now you are forced to wait until prices drop if you intend to make any $$$.
It can be a cruel game on our emotions. A game of "could haves", "should haves" and "would haves".
The (I) is looking attractive to me. I have no problem selling shares if I feel they can outperform their current allocation. That is the wise thing to do, and is also healthy for my mental well-being. Another thing that is healthy for my mental well-being is keeping something in (S) for when that tech turn-around occurs because it will happen. I don't intend on kicking myself in the buttocks when it does!
Therefore, effective 9 Feb:
40 (S)
60 (I)
You all better jump in (S) now since I'm dumping shares. It does always seem to profit the day after I exit.
God Bless
I'd be fib'n if I said the .24 per share drop in (S) yesterday didn't bother me.
It did. But I am a rather optimistic (too optimistic at times) person and still hoping for a tech turn-around.
Do you know those feelings you get when you make a move... sometimes you're not as confident but you place your order anyways. Maybe your indicators are giving you a green light, but there is some reservation in your "gut". At other times you are sure you are on the money b/c either you've done your homework or your gut tells you so. Then again, sometimes your indicators are flashing red, but your gut is saying, "go for it". This is more cockyness than confidence, though.
When I made my move for Friday (effective 100S for Monday) I was confident or "cocky" of being "speculative". For those of you who don't know what that means, this is from investorwords.com:
Although I made $$$ on Monday, my intention was not to speculate for Monday only, but for the entire week unless something more attractive came along. I was also banking on the fact that there would not be as many economic reports possibly having a negative impact. I'd still like to know what fueled the sell-off in techs yesterday. Fear??? Panic??? Was is b/c folks thought Cisco would come in short today, when in fact they beat expectations??? Whatever it was, it looks like it is trying to recover some.
I told MLK_Man we shouldn't question our moves, but learn from them.
So, what have I learned?
I'm learning that I am becoming more and more patient when a loss hits me. Before my emotions would have taken over and I would have ran for (G)... which BTW is not always a bad thing. Also, perhaps I would have been "cowering" in (G), afraid to make any type of move... which CAN be a bad thing b/c that's generally when the market takes off without you. You are then forced to wait until it comes back down.
I'm learning patience and keeping my emotions at bey. That can be rather difficult.
As mentioned earlier, I will only lose $$$ (in the short term) if I pull out and hide in (G). As long as my shares are intact, I stand a very good chance of gaining back my losses.
BUT at what expense???
If anything, it's at the expense of further shares if you don't pull out and the market begins to tank on top of you. If you in fact pull out, and the market continues to drop, you can simply buy back in at cheaper prices, thus gaining more shares. But we can't tell the future, can we?
BUT, the opposite can happen too. There can be a sell-off (as there was yesterday in techs), then "fear" drives you to the sidelines. Before you know it, there is a turn-around which would lead you into buying at higher prices than you were BEFORE the loss. Now you are forced to wait until prices drop if you intend to make any $$$.
It can be a cruel game on our emotions. A game of "could haves", "should haves" and "would haves".
The (I) is looking attractive to me. I have no problem selling shares if I feel they can outperform their current allocation. That is the wise thing to do, and is also healthy for my mental well-being. Another thing that is healthy for my mental well-being is keeping something in (S) for when that tech turn-around occurs because it will happen. I don't intend on kicking myself in the buttocks when it does!
Therefore, effective 9 Feb:
40 (S)
60 (I)
You all better jump in (S) now since I'm dumping shares.
It does always seem to profit the day after I exit. God Bless
Rod
Well-known member
Rod
Well-known member
Here's another one...
http://business.timesonline.co.uk/article/0,,13132-2029794,00.html
I'm going to add this to my daily "to do" list:
"Google" Greenspan everyday and see where he appears in the "News Results".
http://business.timesonline.co.uk/article/0,,13132-2029794,00.html
I'm going to add this to my daily "to do" list:
"Google" Greenspan everyday and see where he appears in the "News Results".
Rod
Well-known member
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