Thread: My strategy - The Boxer/Vegas Gambler play

Welcome namor!

I see no profits the rest of the week. Other then a possible bump up when the military tsp cash hits on 2 Sep. Reports have been revised down and we are still missing them. Intel is going to hurt the market again. The old one two punch. Goes news on Monday (decrease chip size) bad news on 2 Sep with growing inventory and slowing growth - IMO.

MT

Sometimes you have to take a punch to score a punch. We'll see what happens.

The markets have been good to me this summer.

UPDATE:

Using a counterpunch strategy, I am changing my allocation for COB from 100% G to 100% I fund.

Hoping for a bounce tomorrow.

Good luck to everyone.

Namor Garcia,

"The markets have been good to me this summer. "

What market are you in???

July August (so far)

C -3.24 -.23

S -5.52 -.63

I -3.26 .26 (Foreign stocks had a bad day today)

I have done will with my Austria, Brazil and Australia EFTsbut not this market in the TSP. Have hit some doubles on the short side. I do not like to lose a red cent. And if you were long this summer you are underwater for the year.

In the previous 53 years September is the worse month for the U.S. stock market. I see no reason why this trend should change this year.

I think Mohammed Ali had the you got to take a punch to give a punch philosophy..that worked out well for him. The key to being a good investor is to know when to come out of the corner and when to throw in the towel. :end: Yes the market will go back up. We are stillin a repair status(P/Es constricting).Iwill stay in my foxhole and let the shells hitothers.

Good luck.

MT

Namor,

Bad move, the U.S. dollar is hitting three month highs against major currencies. This means their huge imports gives them less of their currency (less corporate profits).

A bad job report will knock them harder then our market.

Last job report - I fund went from 13.48 to 13.34

C fund 11.88 to 11.79

If you want to be that aggressive I would beat on the F fund going up because the 10% yield keeps falling...but that would be a very short term beat. When the yields start rising the NAV will drop very fast.

Anyone else have thoughts on going 100% I fund now?

MT

MarketTimer wrote:

I think Mohammed Ali had the you got to take a punch to give a punch philosophy..that worked out well for him. MT

Wasn't boxings fault what happened to Ali.

It took me two months to gain a profit when I bought the S fund in late April, that means I have 3 weeks to make a profit from when I bought S this time in mid July. Even though the market is downtrending right now, I still expect it to get back to $13. I'll wait it out. I refuse to take a loss from when I bought at $12.64.

namor wrote:

UPDATE:

Using a counterpunch strategy, I am changing my allocation for COB from 100% G to 100% I fund.

Hoping for a bounce tomorrow.

Good luck to everyone.

You may have missed it by a day my brother. Probable when you try to time it daily. But you'll be ok. Lot of rounds left............Get up Rock, get up!!!!!!!!!!:P

Milk,

That was a metaphor .The last time the S fund was at 12.64 was 22 Mar.I do not see the S fund testing that again forawhile. The NASDAQ would have to close about 1933 or 110 points from here. It will get back up there, eventually. I rather bank the gains and put them in G and get .01 oncea week. There will be much better times to purchase later. You got to know when to hold them and know when to fold them. Hold and hope the nav will come back is a losing game.

MT

Notice you don't have an account here? Why not? I'll go against for ya for the year. :P

Down goes Frazier!!!! :l

Not sure where the Garcia comes from, BUT

let me reiterate how the markets have been good to me this summer.

I have been changing my 100% allocation DAILY. Even though a particularfund may have lost overall fora givenmonth, there are days when it gains and when it loses.

I never stay more thana couple days in a single fund. I retreat to G and F if I feel that I need to wait and see. If a fund goes down for more than two days, I try to play the bounce. Rarely do the funds drop day after day after day, so if you get lucky and time things right, you can come out ahead of any single fund. I wish I had found this site earlier so I could have posted what I did all summer, but alas, I am starting with today.

It's not foolproof, but then again nothing is.

The S&P finished up today, so having my 100% in C today should give me more than the 100% F (whereI hadit yesterday) International markets have been dropping this weekso far. I hope I made the right play for tomorrow.

Its a crap shoot, but I do like to play that game too. Good luck to everyone.