Thread: Rod's Account Talk

Originally Posted by Whipsaw

Rod, thanks! Glad you side stepped this one; I manage so sidestep the housing crisis... but not this one. You think C or S would have the best rebound? Rode S down, its been lagging the C... not a pretty picture, but hope to position correctly. Possibly a bottoming process going on now.

I nibbled in on most of those stocks I mentioned a few posts ago. They may be down tomorrow... and every other day thereafter. But, at least I am beginning to rebuild my portfolio.

Although (S) has the most to gain (just look at the bottom part of the auto tracker), I'll likely stick with what's worked for me in the past when I do eventually make an IFT: 60 (C) 40 (S). But, I won't do that to catch the inevitable rally that is due. I think I will wait until after the first retest of the lows after that inevitable ride back up.

Remember, don't let it trick you. Do not think we are out of the woods when that rally eventually takes off. Be on guard for that retest of the lows.

Originally Posted by Rod

I nibbled in on most of those stocks I mentioned a few posts ago. They may be down tomorrow... and every other day thereafter. But, at least I am beginning to rebuild my portfolio.

And sold most of it by COB. Got cold feet.

So... don't get too excited when Mr. Market swings wildly (you should be used to that by now) in one direction or the other tomorrow. Why? Because tomorrow is Quadruple Witching. Read about it here:

https://www.reuters.com/article/us-h...-idUSKBN21632W

Remember what I said about today's action...

Originally Posted by Rod

So... don't get too excited when Mr. Market swings wildly (you should be used to that by now) in one direction or the other tomorrow. Why? Because tomorrow is Quadruple Witching. Read about it here:

https://www.reuters.com/article/us-h...-idUSKBN21632W

My advice is to stay away for now. Manipulated wild swings lately. Pump-n-dumps.

Originally Posted by Rod

Blue Apron (APRN) is on fire. It's a meal kit delivery service. I got in @ 11.30. A little late to the rally. But, it is moving higher from there.

Be careful out there... remember, it's a Quadruple Witching day.

Furthermore, as of now, WMT and COST are down 1.50% - 2%.

If this decline was something other than a virus causing exogenous event , these levels would be a must buy considering all the Fed moves/Gov't stimuli/etc. But with Fauci intimating a much longer shelter in place/social distancing, and GS revising a -5% forecast to a -24% 2nd quarter forecast, there's going to a more lasting economic event even once the cases start to slow (perhaps as soon as next week for the US). Maybe one more staggered wave down? How long are you going to remain in the bear camp?

Originally Posted by fedgolfer

How long are you going to remain in the bear camp?

I've been camping with the bears since my IFT to (G) on 23 Dec 2019. Because this is unprecedented, I will continue to camp for the foreseeable future. Unless, of course, there is a dramatic 'bout face. But, that's not to say I won't attempt to catch an "extended" rally until the lows are retested.

Beware the ides of the Quad Witch. Especially in the final hour of trading.

Futures hit 5% limit down. Only took 5 minutes.

Originally Posted by Rod

Futures hit 5% limit down. Only took 5 minutes.

Yep...nothing was all that bad till Pelosi came out of the meeting this afternoon and said they were going to introduce their own bill. ig weekend had been about 300ish and went down 500 points right after.