Show-me Account Talk

[Show-me]

Trailing stop of 5%.

Sold UYG 19.64

 

[Corepuncher]

Sold UYG 19.64

Nice profit! I bet you're glad to get out with a profit after such a scare!

 

[Show-me]

Nice profit! I bet you're glad to get out with a profit after such a scare!

That one was a ride! I'm glad to be out and on the sideline for a few days. Managed to grab 7.83% after being down 19% the day before.

 

[Show-me]

My Roth YTD is now 35.1% minus a fraction for the fee on my TSP loan. Eat mud TSP.

 

[Birchtree]

I still think you sold your UYG too soon. You could easily be looking at a $60 price tag in six months. I plan to hold my recently purchased financials for a long, long, time - providing I'm correct in the belief the banking sector has been way over pummelled and may start doing write-ups in the 3Q. But hey, you are 100% C fund so cheers.

 

[RPM]

I still think you sold your UYG too soon. You could easily be looking at a $60 price tag in six months. I plan to hold my recently purchased financials for a long, long, time - providing I'm correct in the belief the banking sector has been way over pummelled and may start doing write-ups in the 3Q. But hey, you are 100% C fund so cheers.

I am sure he can buy them back at a lower price by the COB tomorrow! Futures all show tanking tomorrow.

My timing sucks, so after all the ins & outs, I still end up at B&H results. Taking Birch approach saves me lots of time and headache.

I envy those % gain on the tracker, but I have tried too many times and missed more than hit. Power to those who know when to hold and when to fold!

 

[Show-me]

Friday in a bear market

UYG has not shown that it is done bleeding. For now I play short term. There will be a time I buy long term UYG.

C fund is my hedge in case I am wrong and the financial take off.

 

[Show-me]

I still think you sold your UYG too soon. You could easily be looking at a $60 price tag in six months. I plan to hold my recently purchased financials for a long, long, time - providing I'm correct in the belief the banking sector has been way over pummelled and may start doing write-ups in the 3Q. But hey, you are 100% C fund so cheers.

I would like to buy that at $14 and will set up a limit buy order just for that. Cheers to you too.

 

[Show-me]

The Week Ahead

Last Update: 17-Jul-08 16:08 ET

The peak of second quarter earnings reporting season hits in the week ahead, and with limited economic data to digest, market participants will be focused on the various earnings beats and misses.

A total of nine Dow components will report, including 3M (MMM), AT&T (T), Boeing (BA), Bank of America (BAC), Caterpillar (CAT), DuPont (DD), Pfizer (PFE), McDonald's (MCD) and Merck (MRK).

Take a look at Briefing.com's Earnings Calendar for information on the more than 150 S&P 500 companies set to announce their latest results.
The Economic Calendar is on the light side. The market will look for more signs of stability in the housing industry with the release of the existing home sales report on Thursday and new home sales on Friday.
________________________________________________________________

Monday, July 21:

• Earnings: Bank of America (BAC), Hasbro (HAS) Merck (MRK), Schering-Plough (SGP), Apple (AAPL), Boston Scientific (BSX), Texas Instruments (TXN)
• Economic Data: Leading Indicators (June)
• Events: None
• Conferences: None
• Fed Speakers: None

Tuesday, July 22:

• Earnings: Biogen Idec (BIIB), Caterpillar (CAT), CME Group (CME), DuPont (DD), Halliburton (HAL), LM Ericsson (ERIC), Supervalu (SVU), UAL Corp (UAUA), UnitedHealth (UNH), UPS (UPS), Wachovia (WB), Broadcom (BRCM), Norfolk Southern (NSC), VMware (VMW), Washington Mutual (WM), Yahoo! (YHOO)
• Economic Data: None
• Events: Treasury Secretary Henry Paulson to speak on U.S. economy and financial markets (8:10 AM ET)
• Conferences: UBS Global Technology Forum
• Fed Speakers: Philadelphia Fed President Plosser speaking on the U.S. economy (8:30 AM ET)

Wednesday, July 23:

• Earnings: AT&T (T), Boeing (BA), ConocoPhillips (COP), EMC Corp (EMC), General Dynamics (GD), GlaxoSmithKline (GSK), Hershey Foods (HSY), McDonald's (MCD), PepsiCo (PEP), Pfizer (PFE), Philip Morris International (PM), Ryder System (R), SLM Corp (SLM), WellPoint (WLP), Whirlpool (WHR), Anheuser-Busch (BUD), Allstate (ALL), Amazon.com (AMZN), McKesson (MCK), Qualcomm (QCOM)
• Economic Data: Fed's Beige Book
• Events: Microsoft financial analyst meeting... Weekly Crude Inventories (week ended July 19)
• Conferences: Bank of Canada's Economic Conference
• Fed Speakers: Fed Governor Mishkin speaks at Bank of Canada's Economic Conference (9:00 AM ET)... Fed Vice Chairman Kohn speaks on communication and transparency at Bank of Canada's Economic Conference

Thursday, July 24:

• Earnings: 3M (MMM), Bristol-Myers Squibb (BMY), Burlington Northern Santa Fe (BNI), Dow Chemical (DOW), Eli Lilly (LLY), Kimberly-Clark (KMB), Medco Health Solutions (MHS), National City (NCC), Newmont Mining (NEM), Occidental Petroleum (OXY), Raytheon (RTN), Southwest Airlines (LUV), Union Pacific (UNP), Xerox (XRX), Western Digital (WDC), Wynn Resorts (WYNN), YRC Worldwide (YRCW)
• Economic Data: Existing Home Sales (June)... Weekly Initial Jobless Claims (week ended July 19)
• Events: Microsoft financial analyst meeting
• Conferences: None
• Fed Speakers: None

Friday, July 25:

• Earnings: American Axle (AXL), Black & Decker (BDK), Coventry Health Care (CVH), Fortune Brands (FO), Netflix (NFLX)
• Economic Data: Revised Michigan Consumer Sentiment (June)... New Home Sales (June)
• Events: None
• Conferences: None
• Fed Speakers: None

--Ryan McShane, Briefing.com

 

[nasa1974]

Thanks show-me,

Next week could be the run of the bulls. Oil is on the ropes, finacials are showing some backbone and the dollar is a little stronger. If oil continues to weaken there may be some good numbers ahead going into August.

 

[Show-me]

Hi nasa1974,

I'm thinking that earnings are going to give a sense that things are not as bad as we think or it is our need to find the good out of something bad.

It is setting up to rally like Oscar and InTheMoneyStocks.com (ITMS.com) are predicting in there own ways.

Oscar thinks we are going down, down, down, but after we form a right shoulder on our H&S pattern. Brian (ITMS.com) thinks we are going to the 50 dma and then down.

Here is a good view of the S&P chart. http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=3&mn=0&dy=0&id=p89131334766 IMO, 1320 to 1380 would be a very, very nice.

 

[Show-me]

 

[Show-me]

 

[Show-me]

Oscar update: Bounce and don't fall in love with the upside.

 

[Show-me]

TSP: 100% C / Roth: Cash, waiting and wanting. As of today I am bottom fishing SU with a limit order of $52.85. It has taken a beating last month and is down well over 20% because of the split and maintenance last month. Earnings are due this week and they are at full capacity. Storms in the gulf and the stock is up agains the 200 dma, which has been very strong support in the past. I would not recommend this stock play but I figure I would let you know what I am doing.

High risk single stock play that goes against my few rules. Do not do this as I will probably get killed if it even fills.

 

[Steadygain]

TSP: 100% C


High risk single stock play that goes against my few rules. Do not do this as I will probably get killed if it even fills.

Sometimes it's better to go against the grain - as it feels more like you have nerves of steel when you go 100%. Not sure how long you've been there but last week was a huge pay off. :toung:

 

[Show-me]

I was way to early, but still hanging in there.

 

[Show-me]

TSP: 100% C / Roth: Cash, waiting and wanting. As of today I am bottom fishing SU with a limit order of $52.85. It has taken a beating last month and is down well over 20% because of the split and maintenance last month. Earnings are due this week and they are at full capacity. Storms in the gulf and the stock is up agains the 200 dma, which has been very strong support in the past. I would not recommend this stock play but I figure I would let you know what I am doing.

High risk single stock play that goes against my few rules. Do not do this as I will probably get killed if it even fills.

I'm a pig, should have bought @ $54. Storm is getting bigger by the minute in the Gulf.

 

[Show-me]

AP
Investors question financial sector rebound
Tuesday July 22, 6:02 pm ET
By Ieva M. Augstums, AP Business Writer After huge loss at Wachovia, market questions recovery from year-old credit crisis

CHARLOTTE, N.C. (AP) -- Surprisingly large second-quarter losses at Wachovia Corp. and Washington Mutual Inc. have quickly revived concerns that the financial sector still has a long way to go before it recovers from the year-old credit crisis.

Investors who were growing optimistic after a string of upbeat bank results in recent days were jolted Tuesday when Wachovia, the nation's fourth-largest bank, racked up an $8.86 billion loss because of charges and reserves for bad mortgage loans. The Charlotte-based bank also cut its dividend for the second time this year and eliminated 10,750 positions.

Washington Mutual, the nation's largest savings and loan, delivered a further blow, swinging to a $3.33 billion loss as it boosted its loan loss reserve to more than $8 billion, betting it will have more soured mortgages.

Both companies warned of steep cost cuts -- Wachovia said it was eliminating 10,750, positions, including those held by 6,350 current workers. Seattle-based WaMu said it would be cutting up to $1 billion in expenses by the end of 2009.

http://biz.yahoo.com/ap/080722/earns_banks.html

 

[Birchtree]

The market always rallies when the clouds are the darkest - it is omnipotent and knows way more than the press. The market may actually be looking nine months out from now when the environment with McCain in office is more stable. Taxes are not raised, Iraq is free, and the recovery is in full swing.