TennisGuy's Account Talk

[Guest]

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David Korn is a good learn the basics guy, i.e. learning how to invest. The terms, etc. He will also answer e-mails.

He is cheaper then Bobby Brinker and has a better track record.

He is a good person to use to build up the knowledge base.

The newsletters that put out the calls on Sunday for what the market will do next week are suspect to me. They were screaming bulls last Sunday. I love that.

Means we topped and I built short positons and really went short Thursday morning.

As a matter of fact - still 800% short :^

 

[tennisguy]

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Well no one is always right. But when that person/company is wrong it hurts big time especially if some one has a large account. (not me)
Tennisguy

 

[Guest]

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I agree. If they are ALL bullish then get bearish. If they are bearish go bullish.

That is what I use em for. Those rags.

 

[karaokejoe1]

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Retired last January. Got everything out of the S account and into the G account by Friday. Figured I gained 19 cents a share since the S went down 18 cents and the G went up a penny.

 

[Guest]

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Happy retirement. .19 cent swing. Nice! :^

Market does not only goes up it goes down. Only can make money in TSP when the market goes up.

Private accounts. :shock: What if we hit another 70% down market bear. :shock:A lot of folks will be working until they roll them into the grave. :shock:

 

[Birchtree]

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You actually are presented with good opportunity in TSP to build a portflio on the down side by using dollar cost averaging. The lower she goes the more shares you can accumulate - very cost effective, especially when you are young and have time to watch her grow. Power accounts will be building quicker starting in 2006 when the % cap is lifted. When investing time is a critical element and there is always a return to the mean. Enjoy.

 

[Guest]

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Averging down is a losers game.

Craper preaches that. Aggressive averging down.

Key is to cut your loses and let your winners run.

Think Enron, Worldcom, QQQs etc, etc. :shock:

 

[tennisguy]

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when every Tom can't explain why the stocks are going up, that usually mean that stocks will soon go down. So I am out until the stocks fall or we past the support lines.

 

[mlk_man]

Went to the I fund today also huh? Misery loves company..........

Here, have some stars. Some wise guy is going around giving everyone one star. I have a pretty good idea who it is.........

 

[tennisguy]

Usually when the U.S. market is closed the international stocks go up. So that’s why I moved in the I fund for Monday and Tuesday. Let’s see how we do. Milk your usually very smart in picking up trends. I have learned allot from all you guys. Last year i beat the market by reading and understanding everything that was put on this board.
I am usually pretty quiet on the forum although I have been a member for over a year. I don’t like telling some one an answer unless I know I am 100% correct. And with the market you can never be 100% sure.

tennisguy

 

[Pill]

I sure like your moves Tennisguy. Thanks for posting them!

 

[tennisguy]

Thanks. I am learning from the best. I hope when we retire we can all be millionaires. I still have over 28 years to go. Seems like allot but I hope it goes by fast. I work to retire. I hate getting up early.

From an investors point of view I am young so I do take more risk then the average person on this board. A 1% drop isn't much to me.
Right now I actively trade, so when I have a huge tsp account (years latter) I will know what I am doing.


Tennisguy

 

[robo]

Giving Market Advice

I am usually pretty quiet on the forum although I have been a member for over a year. I don’t like telling some one an answer unless I know I am 100% correct. And with the market you can never be 100% sure.

tennisguy

Tennisguy,

Most advice is just that advice or opinions when it comes to the stock market. Some are better equipped to give the advice, but that doesn't mean they are correct more often. I get daily the Rhodes Report, Fred Goodman, and Greg Miller, weekly Mark Young and Mike Burk. Four of them I pay for. Are they worth it? To me yes! I have a large portfolio and like to read different TA's before going long on short term plays. My Vanguard Funds I follow Bob Brinker and stay in the market most of the time, only 2 moves a year. I don't trust CNBC talking heads.. When you are long the stock market it's like pyramid scheme for you. The only way you can make money is convince the herd to join the party and then get out without getting to greedy!!! Ya, and it's Great when you get it RIGHT!!!!

But to my point. They only give advice and opinions, but it's very good and I have made money from them... I also listen to many here. I always enjoy Tom's comments and take on the Market and I also really like the Shark....

Don't be afraid to give your opinion on the market. Many of these guys just follow the trends and sentiment to make their investment decisions.. I will say this. It's always best to just recommended or just give your opinion on what you think the market will do. It will humble you very quickly!!!!

So will the market sell off next week? My take is no? Why? Because so many expect it to. So then I'm I in the market 100%? No? Risk reward is to high for me, but I do have some money invested.


I also get Bob Brinker's newsletter, he is the one I trust to inform me on how the economy is doing.. Not the Biased news media, CNBC talking heads, politicians trying to get elected. If you would like to read one of his news letters send me a email. Anyway, this my opinion on the matter of market advice! Hope you are having a nice weekend.

These TA's are currently:

Fred Goodman 85% long

Greg Miller 100% Long QQQ's

Richard Rhodes Long small caps

GO GO Birchtree!!!! 100% long S&P 500

 

[tennisguy]

man am I happy that I stayed away from stocks today. I almost moved from the F to the c and s. This month has been a very tricky one. it felt like yesturday we were at 11000.... o well. I guess we are forced to wait a while.
Tennisguy