Sensei's account talk

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Asia and Europe are cooperating, now let's see the U.S. follow.

I see yesterday's action as bullish, actually. We have been in a sharp decline, and the 5 & 10 year charts of the S&P don't show many extreme V-shaped formations. I think yesterday was a leveling off - maybe a short-term bottom. I'm going to ride it up until it forms a rounded top.

Oh, BTW, I'm down about a billion %, so I really don't have a clue.:blink:
 
DCA'd into BAC at $6.24/share yesterday. I'd like to get a whole bunch more shares and watch them triple in value.

Yesterday's gains were welcome, but I'm not getting overly optimistic yet. Big selloff at the end of the day in Asia - probably due to Japan's downgrade. Europe is bouncing around the neutral line. We might be up against some overhead resistance from the current downward trend. Today could be a good day to sell, if you swing that way. I think I'll probably hold though.
 
I went in and bought 500 shares of BAC at $6.54 and plan to buy another 500 shares when it reaches $7.50 and will buy every point higher to add more accumulated shares to my base.
 
Birchtree said:
I went in and bought 500 shares of BAC at $6.54 and plan to buy another 500 shares when it reaches $7.50 and will buy every point higher to add more accumulated shares to my base.
Click to expand...

BAC is at $8.20 as of this moment. I haven't accumulated enough shares to really enjoy this Buffett bounce. I wish the rise were a little slower. Still, I'll keep DCA'ing into it all the way up through $15 or $18. I just hope it takes its sweet time to get there.
 
I got my second deep position this morning at $8.46 - if it drops back to $7.50 I'll go again. I want to make at least $40K on this stock before I finish even if it takes several years. I'll be adding to both my STD and BCS for the long term as we move forward. I'm in no big hurry to make capital gains - I'd prefer to accumulate shares while they are being thrown away.
 
Sold S at S&P 1176, Wilshire 594. Hoping to reenter at the day's lows of S&P 1135, Wilshire 570. Heck, I'll jump back in at S&P 1150. Hopefully that chance will come by Wednesday, so I can enter September in stocks.
 
Interesting week. Obviously, I jumped out a day too early, and missed the big 4% jump in the S-fund. But today the W4500 closed at 592, and S&P closed at 1173 - below my selling price of the S-fund last Friday. And in the meantime, I tacked on a little gain in F. If I had sold COB Monday, I'd definitely be a buyer today. But since I sold early, I'm going to hold out in hopes for S&P 1150.
 
starfox182 said:
You may get your wish, S&P 500 is 1,157.70 in futures trading and dropping.
Click to expand...

Asian and European markets down hard today, but let's see what happens Tuesday. Could be a bounce. Could be a lot of panic selling by the dumb money at the opening bell, only to be bought up by the big money in the afternoon. Our market has a lot of time to observe and digest before making a move.
 
We're now right at the lower extreme of the current upward channel. I'll be watching Monday morning to see if we get support and move back up, or break down lower. If we move lower, I might re-enter, as I would be buying back in at a lower price than I sold on 8/27.

Sensei said:
Sold S at S&P 1176, Wilshire 594. Hoping to reenter at the day's lows of S&P 1135, Wilshire 570. Heck, I'll jump back in at S&P 1150.
Click to expand...

Reading Tom's blogs, I see he's looking for an entry between 1100-1120 in the S&P. That would be nice, but I don't want to be greedy. 1135 (or that general vicinity) would suit me just fine. Ideally, once I make my entry, I'd like to be able to hold into October. I won't get ahead of myself though. One day at a time.
 
Wow, it's looking really ugly in Europe. I know that doesn't necessarily mean we'll be feeling the same pain in our market, but it certainly doesn't help. I think I'll be able to buy in at my target price of S&P between 1135-50 today, if not cheaper. The question is, though, how much lower can we go? I haven't used an IFT yet this month. Maybe I'll go in 50% today, and put in the rest when/if we start going up. There ought to be a lot of bearishness after another day in the red, so I think relief will come soon - it might be short-lived though. What to do, what to do? :worried:
 
Everything we made last week as down the drain already. Tough week. :sick:
 
It's amazing to think what could have been had I waited one more day to jump in. This crap wouldn't be my problem, I know that much for sure.

:sick:
 
I love baseball, I love movies, and I love reading the WSJ online. But when the three collide in a review of "Moneyball", it's just plain awkward.
http://online.wsj.com/article/SB100...84691683234216.html?mod=WeekendHeader_Rotator
Nerds pretending to know something about sports, and stumbling over terms like "on base percentage". I'll stick to Yahoo! for my entertainment news.

Still keeping the powder dry. Thinking about making an entrance COB today. Got a couple hours to watch the daily horrorshow and make a decision.
 
Just upped my contribution 2%. Still nowhere close to maxing out. I'll get used to the small decrease in take-home, then up another 2% in a couple months. Repeat cycle for the next year or two.
 
Holy smokes! Europe's going ape$h!t. I wonder if our market will continue to buy their happy rumors, or sell off by the close. We'll see.

For reference sake:
8/26 - sold S at Wilshire 594, S&P 1174, bought F
9/23 - sold F after gaining about 1%, bought S at Wilshire 566, S&P 1136

Looking for a quick sell at S&P 1160.
 
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