Rod's Account Talk

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Nice to see some green... (simply because I exited F yesterday).:D

Anyways... good for the rest of you folks that need recovering.:)

BTW, good call 12%.
 
Looks like markets are in rally mode for today.

If they follow-thru the rest of the week (on good volume), then perhaps a bottom was formed.

Glad I exited (F) yesterday.

God Bless:)
 
I agree! I had 50/50 in the C & S...moved mine to 20% C, 30% S and 50% I...took advantage of the overseas selling and rebounding...hopefully I made the most of it.

Rod said:
Looks like markets are in rally mode for today.

If they follow-thru the rest of the week (on good volume), then perhaps a bottom was formed.

Glad I exited (F) yesterday.

God Bless:)
Click to expand...
 
For those who have been stuck in the market, I'm very happy for the relief you received today. I know firsthand how that feels... really good for the psyche.

For those wanting to jump in, please remember what Tom said in today's comments- http://www.tsptalk.com/comments.html:

1. We are now looking to see a big move back over the S&P neckline on high volume. Today's volume was 6,364,925,952.00 and the neckline is approximately 1,380.

2. A market that does not sell-off, but rather continues to rally once it becomes overbought.

3. A test of the lows that holds and reverses up. I'm not sure yesterday qualifies as a successful test.


Please be patient before jumping in. Yes, you may miss a few snap rallies. But it's best to wait until the techinical picture becomes much clearer and the trend is UP!

God bless, and have a wonderful day.:)
 
Cramer is a entertaining flip flopper. He called a continue of the "BULL RUN" in October and November 2007 telling everyone to buy even though it looked like these stock were expensive. I don't trust him anymore.
 
Remember, the market knows what it's doing and will do everything it can to keep the majority on the wrong side.
 
Rod said:
For those who have been stuck in the market, I'm very happy for the relief you received today. I know firsthand how that feels... really good for the psyche.

For those wanting to jump in, please remember what Tom said in today's comments- http://www.tsptalk.com/comments.html:

1. We are now looking to see a big move back over the S&P neckline on high volume. Today's volume was 6,364,925,952.00 and the neckline is approximately 1,380.

2. A market that does not sell-off, but rather continues to rally once it becomes overbought.

3. A test of the lows that holds and reverses up. I'm not sure yesterday qualifies as a successful test.


Please be patient before jumping in. Yes, you may miss a few snap rallies. But it's best to wait until the techinical picture becomes much clearer and the trend is UP!

God bless, and have a wonderful day.:)
Click to expand...

Excellent words Rod. Be patient and the trend is your friend.
 
I exited the (F) COB on Tuesday because of what I thought was pending bad news with the bond insurers as well as a possible snap rally. Well, it paid off because (F) is down 11 cents today.

Hey Norm... aren't you glad we went against the herd on this one???:cool:

God Bless:)
 
Rod said:
Cramer is calling the bottom
Click to expand...

Ugghhhh. And as for those 'Going to Par' stocks?

Sorry Rod, had to throw that in there. You know there actually are listeners out there who take his words as the sole vernacular of trading, err... I mean investing.
 
Still sitting 100 (G).

I'm not going anywhere until the dust settles. Which is, IMHO, at least 3 green days in a row on better than average volume. The heck with this light volume hogwash we've seen these past few green days. It ain't nothing more than a dog and pony show being put on. Show me some real action, and this ole' cowboy just may ride The Bull.

May have to resuscitate him first, though...;)

God Bless:)
 
Posted Jan 17-
Rod said:
For those of you stuck in this downtrend, it can become very discouraging and quite scary. I was there myself in the summer of 2006 (see previous posts in this thread during that period).

My advice would be not to give in and sell-off (like I had done). Stick it out, and actually DCA in with new monies... if that's your piece of cake.

Once this market takes off, it'll take off big. And if you are currently registering a loss, you don't want to miss that rebound.

We don't know when that rebound is going to come, or what will be its catalyst. But it will come.

Your patience and determination will pay off!

God Bless:)
Click to expand...

You see!!! GOOD FOR YOU!!!

If you were patient and stuck it out, you have been seeing your account recover those losses. Continue to be patient- without selling at a loss- and you will be out of the hole before you know it.

God Bless:)
 
The hard part is throwing good money after bad but that is what has to be done to catch the best prices. DCAing has always been the redeemer of my accounts.
 
We have a new 2008 low that set in today- the Nasdaq. It now sits at:

2,278.75

Next in line is the EFA, which is only .11 away from a new 2008 low.

The S&P still has 15.96 to drop before a new 2008 low sets in.

Hopefully the REAL bottom will set in soon.

God Bless:)
 
Rod said:
We have a new 2008 low that set in today- the Nasdaq. It now sits at:

2,278.75

Next in line is the EFA, which is only .11 away from a new 2008 low.

The S&P still has 15.96 to drop before a new 2008 low sets in.

Hopefully the REAL bottom will set in soon.

God Bless:)
Click to expand...


Thanks Rod, Really didn't notice it till your post. Good to know. My little 10% move didn't pan out not that I thought it would sincerly but now I think the market is going to make a move down. So 50/50 G/F for me. :)
 
poolman said:
Thanks Rod, Really didn't notice it till your post. Good to know. My little 10% move didn't pan out not that I thought it would sincerly but now I think the market is going to make a move down. So 50/50 G/F for me. :)
Click to expand...

Yeah... I'm hoping for some new lows this week.

So far, Nikk futures are down over 200. So, it may be another down day for Japan.

vicious cycle
 
On 1/23 the I fund had a price of $21.45 - and I bought a 1% position. Prior to that I bought a 3% position at $21.58 the day before.
 
Birchtree said:
On 1/23 the I fund had a price of $21.45 - and I bought a 1% position. Prior to that I bought a 3% position at $21.58 the day before.
Click to expand...

Thank you, Dennis. I just saw that for myself and was in the process of editing.:)
 
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