Thread: FundSurfer account talk

Safetyguy wrote:

cowboy wrote:

My thought is the I fund will drop tomorrow and maybe even the S & C funds also as were at the top of the hill and now we will be going down until it hits the new support level. Good luck everyone!

I think what Fundsurfer is trying to do is to catch the "chop" which will occur whether or not the overall trend is upward or downward. The theory is to buy when the price dips and sell when it is high. (Namor hit a good one in December.)

For instance let's say it is a downward trend as Cowboy assumes -- it still doesn't matter. There will be someonewho will snap up the "bargain" on day 2AFTER a big price drop on day 1. This will bring the price up (but maybe not has high as it was on day 1.)This is why the chart lines wiggle.

In this particular case, if Fundsurfer buys S on Day 1 at 98.42% (a decline of 1.58%) of the price that existed the trading day before AND it goes up 1% on Day 2, he made 1% on his money. This is the whole theory on day trading.

Yes, I know what Fundsurfer is doing. I have done this myself all year long as so many others are doing. I was going to do the same thing today as I pulled out last Wednesday and went 100% F but then I got to thinking about it and it may be a day or two of down before we hit a support. My prognosis was for the I fund not in regard to what Fundsurfer was doing. Patients may be a vertue here for a couple of days but what is going to happen is anybodys guess. Fundsurfer's move was a good one if your playing daily. I would play it short though. This is just my thought. If it drops again tomorrow I may stick some in but I may wait for the F fund to hit $10.45 or better before I make that leap. If S&C go up tomorrow then I will just wait and watch.

The market is red now guys, what is the move? This is a short move by Fundsurfer what will he do stick or jump? I have played the dips all year and if you get a dip on the uphill climb it most always pays. On the downhill descent it is less likely and much more risky. I still believe we need to see some support somewhere first. Tom your a good chart reader give me a possible support number, please! If S drops the C will fall but maybe not as much. It may be that C may go up tomorrow as it is lagging behind in my opinion. I fund will go down today and possibly stabilize tomorrow. I may make a move today! I believe I will make a 50% S & 50% C move today as there may be support now and the S has dropped over 2 %. I fund will possibly go down again tomorrow. I will try this bounce and hope it works!:^

My analysis in brief:

C: $11.25 / S $11.87 / I $12.80 <- the bottom on August 12th

C: $12.93 / S $14.75 / I $15.47* <- the high on December 30th (I know, the I went up one more penny but I'm trying this for simplicity's sake)

C: +$1.68 / S: +$2.88 / I: +$2.67* <- trough to peak

Yesterday, we lost $0.10 (C), $0.23 (S), and $0.07 (I). Things aren't going well today, either. C will probably lose another $0.10, S another $0.15, and I $0.20 based on the strength of the dollar. This translates into 10-15% losses off the highs... in two days... in spite of very strong seasonality data (ahem, remember July?). I have no crystal ball, I'm not clairvoyant, but I can tell you that this is the "breather" the market has been looking for... it'll probably scare a lot of those bullish people back into the bear camp (particularly the odd lot traders), and that is a very good thing.

MMmmm! The markets fell for a second straight day. It has been a long time since we seen this possibly July like Mike says. C -1.98% S -3.28% and I -1.38% in the last 2 days. It only took 2 days to lose most all of December profits. :shock:

I went 50% C & 50% S today. I am hoping for some support tomorrow. I am thinking I fund may have more to lose here. It is usually last to follow and I look for it to maybe fall another 1% or more tomorrow or shortly. I'm thinking I fund down to possibly $14.90. If C & S recover then it may take them several days to go up. If the C&S go up and I fund down I may get into the I fund again. I am thinking this as a short term play right at the moment. I have jumped too quickly before and who knows I may be early again. If this market doesn't cooperate I will bail and watch again.

Good luck everyone!

I am going 100% S today as the C fund is holding and S is dropping at this time and I want to be fully invested in S in case of a rally if not then I will pull out possibly or then go to I fund.

Update on the prices / percentage of gain off August lows given back:

The bottom fell out of the S fund - $0.69 off the high (23.95% of gains lost).

C fund is $0.32 off its high (19.05% of gains given back).

I fund is $0.32 off its high (11.99%).

I'm hoping the pullback ends at 25%... that should scare enough people out.

The I fund is holding up better than the C, which is surprising.

Well I guess I got lucky??? Maybe... day isn't over yet. My trade did not go through yesterday. I knew I was close to the deadline when I made the switch. I'm still 100% S at this point and have to decide if I will cancel or make a switch.

I'd say you were fortunate. I think the S fund will recover some today... and hopefully a lot tomorrow after the jobs report.

Mike wrote:

I think the S fund will recover some today... and hopefully a lot tomorrow after the jobs report.

That's what I'm hoping for! It looks like we got a few pennies today. Hopefully more will come falling from heaven tomorrow!

God Bless:^

I hope you guys are right....

Well as of tommorrow I'll be 30C 40S 30I so I hope we are starting a new trend up.