WorkFE's Account Talk

[WorkFE]

Lets see if it holds. Last week we were down moderately and ended flat, we also had a day where we were up moderately and ended somewhat flat.
We shall see.

 

[WorkFE]

The market is a beautiful thing when your in the right spot. If I jumped to the G today my 08 losses would be easily manageable but I believe we will run to 1100. That would make me even.

The more your up the easier the decisions. If I get above 10% I'll pull 50% out and let the other half continue to work. I believe I will accomplish that this week. No need to be greedy. 50% is alot of money (Not in BT world but Mine):nuts:

Something to keep an eye on. This could bite our recovery attempts. Could also be useful sell-in and buy-in indicator.
http://money.cnn.com/2009/08/03/markets/thebuzz/index.htm?postversion=2009080312

Good luck tomorrow everybody.

 

[WorkFE]

Futures not looking to good this morning but we've seen this before. Possible down anticipating some key reports do out today. Depending on those reports I expect a Flat to the downside close.
If in fact the Market is setting up for a huge fall I will be watching the VIX this morning, should give some indicator short term but I do not see that scenario occuring anytime soon.

Keep 1 eye on the dollar:
http://money.cnn.com/2009/08/04/markets/dollar.reut/index.htm?postversion=2009080406

 

[WorkFE]

Come back to even baby, 14 more minutes.

 

[BamaAF]

Come back to even baby, 14 more minutes.

Don't think I will make it, but C & S had a nice little run at the end

 

[WorkFE]

I stands for In like Flynn
Flat but to the green side I don't mind at all.

 

[Birchtree]

And the VIX was finally moving in the correct direction. 24.99 -0.57. Tomorrow Ferdinand will drive the market higher again.

 

[WorkFE]

True sir. The I lagged some today at close but I believe it will be a rocket ship tomorrow provided it is fueled up and ready to go by tomorrow morning.
VIX hovers around 25. GOOOOOD

 

[WorkFE]

There is no such thing as a dead philosophy. Disciplined investors that stick to their guns have proven time and time again that sticking to their stratedgy works. Even buying high and selling low works (At making you poor) Steadfastness is the key.
http://www.cnbc.com/id/32283967 (MORONS)

We have been moving in leaps and bounds for weeks now. Nobody expects that to happen every single day. It is very possible that the uptrend will slow down and become more moderate. But IMO we will continue to grow. I don't know about you but I would take 4% additional gains in Aug.
http://www.cnbc.com/id/15840232/?video=1205216808&play=1
If thats the case I'll wait until the end of the year to pull back to the G

 

[WorkFE]

Not a promising day. At some point investors waiting for a better entry point will jump in while those in the market determine when losing their hard fought gains is no longer worth it and jump out. It is a never ending struggle but is a neccessary evil in this market climate. Imagine if financials were out to lunch today.:worried:

The VIX told us nothing today which is standard in this sideways motion. History tells me the market is testing confidence, in itself and those at risk.
Oh well, there's always tomorrow.

 

[WorkFE]

For those in the risk funds "Keep your chin up, Sunny days are right around the corner". For those in the G "This is the dip, come join us, we need a hug".

Lets hope for a better than expected NFP report tomorrow.

 

[Medic72]

yeah it wasnt to bad of a day, hopefully it was enough of a drop for those who were waiting to get back in, good luck tommorow.

 

[WorkFE]

If I did not know better I'd say someone enjoyed that news. Spanked that Bear.

Probably break even after the last few down days when it is all said and done.
2B approved to continue cash for clunkers, Jobless rate decline, AIG profits. This might turn out to be a very rewarding day.

GO PHILS

 

[WorkFE]

I fund is like an anchor around the neck right now.

 

[WorkFE]

The I fund was not kind today. Glad I had it spread out CSI evenly.

 

[WorkFE]

My wife and I went to a Japanese restaraunt this evening. Naturally we sat at the Hibachi. Food was excellant and the place was packed. Everybody has to eat but if I judged the economy off of Expensive restaraunt patronage you would think all is right in the word.
Things that make ya go HMM

 

[WorkFE]

Decided to trim the I fund Allocation.
COB today:
G-10
C-35
S-35
I-20

 

[WorkFE]

Not looking to promising this morning.
http://www.marketwatch.com/story/us-stock-futures-ease-after-fridays-rally-2009-08-10
Not sure if I believe all that. I think we've got some more upside left. I did move some of my I fund allocation to the G fund. If we trend lower over the next few days/weeks (Nothing drastic) that'll give me something to pump in at lower prices.
Retail reports this week. If the Big two disappoint we could be in for a rough week.
Tuesday: Fossil
Wednesday: Macy’s, Liz Claiborne
Thursday: Walmart, Kohl’s, Nordstrom
Friday: Abercrombie, JC Penney
Not sure when Target reports.

 

[WorkFE]

Yeah we know. Everyone is waiting on news from the Fed. I say what do they know.
http://money.cnn.com/2009/08/11/markets/premarkets/index.htm

My goal this year was 10%. I may up that to 12-15% but not sure yet. I see the big five at the top of the board but 10-15 is a respectable number and if I stick to my goals (possible slight modification) this year will be a feel good year. Build some confidence for 2010.

I do not condone overdraft. I do understand that some do it out of neccesity but there are alot who just don't care. But you will never stop a bank from figuring out how to gouge people.
http://money.cnn.com/2009/08/10/new...t_fees_Moebs/index.htm?postversion=2009081019

Futures slightly down today. GL

 

[WorkFE]

This mornings open is reminding us that we are not in control nor do we know crap:worried: