Thread: JTH's Account Talk

Originally Posted by JTH

Long live HEMP, another postion @ .32

How long u gonna stay in the S? Does not look like a bottom is coming anytime soon?

Originally Posted by jkenjohnson

How long u gonna stay in the S? Does not look like a bottom is coming anytime soon?

A close below SPX 1740 flips me into survival mode.

Originally Posted by jkenjohnson

How long u gonna stay in the S? Does not look like a bottom is coming anytime soon?

I just got out so the bottom should be in.

JTH- two attempts at 1740 have held. Any significance, or more important where we close?

Originally Posted by shitepoke

JTH- two attempts at 1740 have held. Any significance, or more important where we close?

For now, I think the prevailing trend is drop-flag-drop-flag, I need to wait for this pattern to be broken before I believe otherwise. These are difficult conditions to play within the confines of TSP. Thus far I havn't seen anything that tells me the bottom is in, I don't have access to my charts at home so I can't speak fully to today's price action.

Originally Posted by JTH

Long live HEMP, another postion @ .32

Love the play JTH. I got in just a hair under you. Not a huge amount but significant enough that if it takes off Buffett and I will be friends.

Originally Posted by WorkFE

Love the play JTH. I got in just a hair under you. Not a huge amount but significant enough that if it takes off Buffett and I will be friends.

Yea, it's what I call a fluff play sorta like a hail mary, high risk/high reward. I have little TA on it (can't track it with freestockcharts.com.) Have some friends at work playing it, so I thought I've give them a hand. It looks to me like it's losing momentum...

Mine was a 3 person deal, 2 brother In-laws. A good chunk combined but we agreed it was a long term play. I have a few like that. Some have done extremely well and others were like going to Vegas

Originally Posted by Cactus

I just got out so the bottom should be in.

That's my story too, and I'm sticking to it.

-Geaux

I like today's price action, it appears to be stable, perhaps the bounce is beginning...

Attachment 27078

Told ya.