WorkFE's Account Talk

[Birchtree]

A confirmed Bull market is only a 20% upside move from here. Next year, about the time the recession is over, the market should be 40 or 50% higher than now and I'm being conservative. While the current bear market could continue for years, it could also be closer to its end than many are willing to even remotely concede. Looking further out, if this rally can reach and hold above the 200 day moving average for more than 25 calendar days, it would increase the odds of a sustained advance. Snort.

 

[WorkFE]

I consider myself a very optimistic person but just like on the way down I will attempt to keep my emotions in check. Probably from being slapped 1 to many times.
Let it ride baby, let it ride.

 

[WorkFE]

The Dow Jones industrial average gained 379 points the best one-day point gain of the year.

The S&P 500 index gained 43 points after ending the previous session at the lowest point since Sept. 12, 1996.

The Nasdaq composite gained 89 points.

AT&T plans to add 3,000 jobs in 2009 as part of a multi-billion-dollar capital-spending plan.

7 or more days exactly like that and a few million more jobs created and we might just turn this around.

 

[WorkFE]

Spring is in the air. Sunshine and favorable markets play on peoples attitudes. Market goes down 10% people get snippy, market is up 5% and the self serve gas station attendant wants to pump your gas for ya. Side ways or up tomorrow with alittle sunshine could provide some confidence in consumers and investors (Very small amount). Of course this is purely emotional, I don't expect this to be a prolonged rally. I like many on the MB call BS on the CITI nonsensical news about profit.
If the weather holds out for this weekend I might get out on the river and wet some line.:cheesy:

Good luck tomorrow everybody

 

[Guest2]

Spring is in the air. Sunshine and favorable markets play on peoples attitudes. Market goes down 10% people get snippy, market is up 5% and the self serve gas station attendant wants to pump your gas for ya. Side ways or up tomorrow with alittle sunshine could provide some confidence in consumers and investors (Very small amount). Of course this is purely emotional, I don't expect this to be a prolonged rally. I like many on the MB call BS on the CITI nonsensical news about profit.
If the weather holds out for this weekend I might get out on the river and wet some line.:cheesy:

Good luck tomorrow everybody

Yo BassMaster, pluck a fatty out and bake it !

 

[WorkFE]

Absolutely. Say hello to Mike Ike for me.

 

[WorkFE]

I was either not paying enough attention, not smart enough to recognise the signal or let my emotions determine my decision to stand pat today.

Either way I might as well see how this plays out. I'm thinking a mostly flat day today.

Of course there is news to be had. Today the February Treasury budget is due at 2. Congressional oversight panel will release a report on the oversight of the bank bailout plan

Investors also wait on M2M news

 

[WorkFE]

Some good news:

No Club Fed for Madoff, Madoff's smirk is gone

<H1 _extended="true">Ya Think

Man survives plunge over Niagara Falls

Probably a TSP investor

Shoe-throwing journalist sentenced to 3 years in prison

Should be shot

If the State of Texas ever left the Union, Chuck Norris is interested in being president of the newly independent country.

If Texas was an independent country it would fall to Mexico Drug cartels in a matter of days without US support.
</H1>

 

[WorkFE]

Futures not looking to rosey. Do we give back the gains from Tues and Wed, flatline or big buying today pushes us higher.
What to do What to do.

I believe today will be alot like yesterday. Will keep rising and pulling back to even. We shall see.
One thing for certain, I'll be watching the movers and shakers threads on this MB for insight.

Good luck today.

 

[Birchtree]

I don't move and I don't shake - but I'd like to make $40K today if possible in both my accounts. Anything you can do would certainly be appreciated. Let the buyers come in this afternoon and run this puppy.

 

[WorkFE]

I am looking at some positive movement for awhile mixed in with some minority down days. We are not anywhere near snorting territory but a bull knows how to walk in the China Shop.
I like most think we will be heading lower just not to soon. Earn the gains while you can boys, in 2 months it will be 50% off again.

 

[WorkFE]

A rare piece of good news for GM

Troubled automaker says it has more cash on hand than expected and no longer needs a $2 billion government loan this month.

Note to self- If I ever own a multi billion dollar company and at any time I am contiplating (spelling) borrowing 2 bln from the gov't for 1 month I need to file for Bankruptcy. Good news though.

A three-peat for Wall Street's bulls (or bears in bulls clothing)

Either way like my rappel master used to say "You tied it you ride it"

25G 25C 25S 25I :nuts:

 

[WorkFE]

Futures back tracking alittle prior to market opening.
Unless we totaly crash today I find myself in an unusual position. I still have 2 IFT's. I have the ability to add some of this weeks profits to the G fund to build up some dry powder. hmmm.
Lets see what the mourning trading tells us.

 

[WorkFE]

Pulling some back from 25 GCSI to 40-20-20-20
Maybe hold onto some of this weeks gains

 

[WorkFE]

E for Effort on the Day

A+ for the week considering Feb and March so far has been tough.

 

[WorkFE]

Decided to pull a small amount back into the Garage. I would like to believe that this thing is going to rally another week but it was hard enough getting back under single digit losses.

COB today- 49G-17C-17S-17I

VIX-43.20 and Climbing
VXO-43.67 and dropping

Good luck today everybody

 

[Steadygain]

Decided to pull a small amount back into the Garage. I would like to believe that this thing is going to rally another week but it was hard enough getting back under single digit losses.

COB today- 49G-17C-17S-17I

VIX-43.20 and Climbing
VXO-43.67 and dropping

Good luck today everybody

Sounds like a good plan - still gives you plenty of room to advance

 

[WorkFE]

Tiny bites Steady, Tiny bites.

Came to work early this mourning to hear Reveille. Got me fired up and ready to put in another hard 40 hours. Might even stay late to hear Retreat. Taps might be over doing it.

 

[WorkFE]

Positive traction now and the energy sector seems to joining in since noon.

 

[WorkFE]

I thought the market responded today like alot on the MB thought it would (Slow start for a monday). The good news is we did not dive off a cliff for those who stayed risk and no huge RALLY for those in safety.
Would have been nice to keep it going but in the end the Bear rules. If I remember correctly we started last week much the same?

Tomorrows a new day, GL.