Thread: Corepuncher's Account Talk

I'm Tracking. In theory I agree but the market has been acting stupid for quite awhile why stop now.

Originally Posted by Birchtree

Suggest you burn that 25% today - don't wait on a price of $17.00. It won't go that low.

As of this writing and judging from the EFA quote, I fund is in the 16.90's.

I am debatng a buy around 1150 on the S&P...but may be too early. Would not be surprised to see 1150 the floor for today. If tomorrow is down, there could be a short covering rally going into the weekend. Or, if we bottom out early today, a short covering rally into the close, but down Friday. I'm looking at 1100-1120 as a buy in point. If we stall just short of those levels, then it's all the same but I want to see how we behave around 1150. ALSO...parlament votes and crap like that going on...remember how that worked with the last "bailout" vote? Dow down 777?

Originally Posted by Corepuncher

remember how that worked with the last "bailout" vote? Dow down 777?

I guess I should have went for 999

Buying a lottery ticket today....50 I 50 C. Call me crazy, but:

1) Bounced off 200 day moving average on S&P
2) 1100 or so is the lower channel connecting Jul to Feb lows
3) Fear is high a day after yesterday
4) Europe closed at lows going into weekend...maybe we can as well.
5) I fund flat today as we are down...showing relative strength. WIll rocket up once dollar corrects down.
6) The S&P bounce off 200 day may be catalyst for larger world rally and I fund is super oversold..and should bounce most.

Playing for a bounce...long term I'm not bullish at all.

Originally Posted by Corepuncher

Buying a lottery ticket today....50 I 50 C. Call me crazy, but:

1) Bounced off 200 day moving average on S&P
2) 1100 or so is the lower channel connecting Jul to Feb lows
3) Fear is high a day after yesterday
4) Europe closed at lows going into weekend...maybe we can as well.
5) I fund flat today as we are down...showing relative strength. WIll rocket up once dollar corrects down.
6) The S&P bounce off 200 day may be catalyst for larger world rally and I fund is super oversold..and should bounce most.

Playing for a bounce...long term I'm not bullish at all.

CRAZY!!!

Originally Posted by Corepuncher

Buying a lottery ticket today....50 I 50 C. Call me crazy, but:

That's one big lottery ticket.

Also, we are rallying in the middle of the day..much too early IMO and the bears will feast upon this rally by close.

Originally Posted by Corepuncher

Also, we are rallying in the middle of the day..much too early IMO and the bears will feast upon this rally by close.

Hey, don't put the vodoo hex on the markets I just pushed more chips in yesterday. How about a 1135 to 1150 close on the SPX? EFA up 3.5%.

Originally Posted by fedgolfer

Hey, don't put the vodoo hex on the markets I just pushed more chips in yesterday. How about a 1135 to 1150 close on the SPX? EFA up 3.5%.

That would be great....on Monday!

corepuncher, you DID buy a lottery ticket! I bought a smaller one, 30C.

Scary stuff, these markets. How you went 100 in is beyond me...

Originally Posted by Corepuncher

Buying a lottery ticket today....50 I 50 C. Call me crazy, but:

Playing for a bounce...long term I'm not bullish at all.

Here I was coming on to say something totally different.


I'm 'IMPRESSED' -- seriously -- I think you made a great move !


I am just a tag concerned about what you mean by 'long term' -- do you mean for this present 'correction' if we want to call it that?

Or do you mean over the next year or so -- you honestly don't expect the Markets to rebound and continue?

I'm okay with whatever you think - just wondering