Transfer 5/11 for 5/12/04

[Guest]

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I'm still hanging tough 30% C/ 30 % S/ 30% I, and was considering pushing the 10% G over to the equity position....but held back. I know I being very aggressive, but I'm really a long termer anyway...so holding this postion isn't so tough....not losing any sleep.

 

[puertorico]

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I feel panic and moved all to G :shock:

tHa's was I had in mind in case a rebound

and that's what I did.

 

[Guest]

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I had thoughts of may be reallocating, moving out S to C or I, but as I stated earlier I held steady. Market looking good today. Hopefully we will get a good ride.

 

[tsptalk]

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puertorico wrote:

I feel panic and moved all to G :shock:

tHa's was I had in mind in case a rebound

and that's what I did.

You've timed the market pretty well lately PR. I won't doubt your instincts.

That chart basically says the week of options expirations (blue bars) is historically stronger than a normal week with only Friday being down on average. The red bars represent the week followingexpiration week. It is historically weeker thana normal week.

 

[puertorico]

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Sometime my lucky-punch knockdown the market

but them the market knock me out and take all.

I just playing a little caution here

 

[Mr. Duke]

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Another great chart Tom.....You sure your first name isn't Ross....Question? what are the normal duration of options...and doesthe marketnormally follow the averages of the charts?If so please continue to post if you can...Maybe with a little more heads up if possible.... I have always been a more sentiment player and playing the dips with the TSP (trying some different tactics), however, my main money is 100% stocks long term

 

[tsptalk]

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Duke, it seems like every time I mention or post historical data that shows a trend, it goes the other way on me so I've been a little hesitant lately to post it.

You can usually buy options up to several months before they expire. Options that are for longer term,up to many years, are called leaps. People buy options for different reasons. Some to "bet" on a stock or index going up or down, some use it to hedge stock positions in case of a move against them (i.e.: Buy 1000 shares of IBM and 10 contracts of IBM puts. If the stock tanks, the options value goes up.)

I hope I answered your question.
Tom