StingrayIII Account Talk

[stingrayiii]

Have been a lurker forever now it seems, thought I would join the fun.
I just moved over from S to G Fund Friday. I believe next week the market will take a hit.

Holding $WKHS, $BTG.
Watching for entry $ZOM

Hope everyone has a great weekend.

 

[nnuut]

Welcome to the Forum StingrayIII, best of luck with your TSP.
Yes I'm thinking the Markets may go down next week, we will see.

 

[nasa1974]

Stingray III welcome aboard.

With the DNC this week anything can happen with the stock market.
Put on your sticky pants and hang on, it might be a wild ride.

 

[Whipsaw]

Singray III, welcome aboard! More insights and analysis are always beneficial. Thanks for joining the cabal of active posters.

 

[tsptalk]

Welcome stingray!

 

[DreamboatAnnie]

Hi StingrayIII! Welcome and Best wishes to you! :smile:

 

[flalaw97]

Welcome to the fray, stingrayiii! Best of luck!

 

[stingrayiii]

That is why I moved to G fund. Till there is a bill passed I will sit and watch.

Did well today with $WKHS, Still watching $ZOM

 

[stingrayiii]

100% S Fund
Very Bullish next week.

Invested Heavy in $NAK,
Still holding $WKHS, $BTG.

$ZOM still is a no go.

 

[stingrayiii]

Brutal today!!! Still in S Fund. Holding out to see what happens next week.

 

[stingrayiii]

Got out of S Fund. Going to G Fund till Election day, unless I see something worth while I can wait.
I think there will be a big pull back this month. Very Bearish.

In $NAK, $BTG
Sold off $WKHS for now.
$ZOM is still a no go for now.

 

[stingrayiii]

Lets hope for a good day tomorrow for $NAK.
https://twitter.com/realDonaldTrump/status/1306417824471175168

Donald Trump:
Don’t worry, wonderful & beautiful Alaska,
there will be NO POLITICS in the Pebble Mine Review Process.
I will do what is right for Alaska and our great Country!!!

 

[stingrayiii]

Talk about stupid luck. Got out of $NAK yesterday was waiting for the dip, CEO resigned over some tapes made about the company.
Market was looking bad this morning so I went into Direxion Daily Junior Gold Miners Index. Glad I did.

Still Very Bearish, Looks like the market was hoping for another round of stimulus and don't think we will see one anytime soon. With RBG passing away and the seat being filled asap. I see no deal toward stimulus.

Staying in G Fund, Might pop over to F Fund in a few days I want to do my DD first.

 

[bmneveu]

WKHS has my interest. Hard to stomach paying $22 for it when it was $2 6 months ago though.

 

[stingrayiii]

Start of a sell off this week? My spider sense is tingling. To many unknowns with everything. Stimulus seems a no go, the virus is hitting back it seems, China being stupid. And so forth.

 

[stingrayiii]

https://nz.wallmine.com/news/2435gm/china-s-central-bank-to-cut-fx-risk-reserve-ratio-to-zero

Anyone thoughts on this? Wouldn't it cause the Dollar to rise?

 

[weatherweenie]

Futures are up, in some cases strongly.

Start of a sell off this week? My spider sense is tingling. To many unknowns with everything. Stimulus seems a no go, the virus is hitting back it seems, China being stupid. And so forth.

 

[stingrayiii]

Crazy day today.

 

[stingrayiii]

https://nz.wallmine.com/news/2435gm/china-s-central-bank-to-cut-fx-risk-reserve-ratio-to-zero

Anyone thoughts on this? Wouldn't it cause the Dollar to rise?

Well it is rising today.

 

[DreamboatAnnie]

Good article! Very interesting. :smile: China wants its Yaun to appreciate against the Dollar because the Chinese are short on Dollars, which they require to do business with many foreign nations and companies that require business transactions to be made in US Dollars.

Read about that shortage recently in another article. So, reducing the percentage that the Chinese banks require as reserves frees up Yaun that goes into circulation. Thus, Chinese businesses have more Yaun to exchange for Dollars to then be used for transacting...or so I understand.

eeeee... I dislike thinking about this topic, but when and how will this affect us and cause us to wake one Monday morning to find out China did something overnight and our market is now falling into a pothole? :blink: