Thread: Steveg's Account Talk

tsptalk --

Thanks for the link. Guess I'm getting close to the "post minimum" needed to set up for automated tracking...

Steve

Originally Posted by steveg

350zCommTech --

Love your quote at the bottom of your posts -- how true!!

Steve

Thanks.

From Hanky stuttering Paulson to TurboTax Timmy, we went from Dr. Evil to his apprentice.

Originally Posted by steveg

I am new to this forum, and don't have a ton of financial knowledge. But, I am trying to maximize my returns and lean on Corepuncher!

Welcome and Good Luck (GL),

Getting into the Autotracker is nice but I wouldn't put too much hope in the markets doing a 180 degree turnaround, just cause you joined, but if you can then Please hurry. It's is a nice feature for you can read the comments then compare/contrast all the other entries.
DannyBoy

S&P down slightly for the day. The lack of any bounce the last couple of days after the drop earlier this week is interesting...and an indicator that we have more downward moves in the short term? Hmm...

Steve

Welcome!

Thanks, KevinD.

I'm another one of those guys that Corepuncher brought over here. I think he drug 3 of us in here in the past day or so!

Steve

I almost bought another 17% into C today, which would have put me at 50%C, 50%G. I didn't do it at the last minute. At this point, I'm looking either for a small rally above the low 800s in the short term (at which point I'll probably sell back out of C -- bought that 33% in at 789 S&P), or else some more down movement (if we can reach the low 700s or so, I'd be considering buying some more into C). Overall, though, I'm bearish, and FWIW I'm expecting to see lows into the 500s at some point later this year. I don't have anything "technical" to base that on, other than the general feeling that the "BS" has not been shaken out of the markets yet (the lying, fraud, etc.), and until that happens, throwing more "stimulus" money at the problem does nothing, IMO, aside from delaying, and then weakening the strength of, any future recovery. I think a full correction HAS to happen, and will -- either now or later -- IRRELEVANT of how much money our government tries to throw at the problem. Just my thoughts.

Steve

Steveg welcome to the MB. Good luck with the market. Next week may prove interesting.

Welcome Steve

mojo --

Thanks for the welcome. It's nice to be here!

justbizness45 --

Yeah, interesting is a good word...! I think the next couple of YEARS are going to be interesting, but that's another story.

It's interesting...a guy here at work is doing a poll of co-workers who are interested in markets/finances. He's asking each of us 3 questions -- what do we think the S&P high will be for the rest of the year, the low, and the Dec. 31 close price. He's then going to average them. So far, the extremes are a low of 480, a high of 1000, and I think the lowest Dec. 31 close anyone gave is about 625 and the highest about 900. It would appear at this point that our "office average" is somewhere in the mid 600s as a low, somewhere in the mid to upper 800s as a high, and an average of probably 750 to 850 for the year-end close.

Anyone on here want to chime in with their values?

Me personally -- I went 850 High, 550 Low, and 675 close Dec. 31. It will be interesting to see how it turns out...

Steve

Ah Comrade Steve,

I'm lovin' the avatar!