Thread: justbizness45's Account Talk

Ooops, remember Presidents Day on Monday !

Originally Posted by nasa1974

JB45, My feeling is that the market will rally today and tomorrow, but more than likely not recover the overall loss from Tuesday. Not sure about next week however. The stimulus package will more than likely pass over the weekend but I believe next week is optionX. Isn't this the same set up as the bailout in "08"? And we all now how that worked.

Yeah, I may need to take my lumps and run tomorrow. Todays turnaround was nice and helped but I didn't see it coming at 1200. I'm down 3.09% #95 on the tracker. I've got alot of studying to do tonight.

On a good note I opened Roth IRAs for my wife and myself. I am only buying long positions in them but I bought SLV today at 13.32. I also have a order in for ICO. Tom's new ETF Talk is pretty good. Lady is digging up all kinds of good info and posting it.

Thanks for stopping by SB!!, maybe the market will continue to buy the rumor of BHO's mortgage relief thru Tuesday before the economic reality come crashing down on Wednesday.

Originally Posted by justbizness45

Yeah, I may need to take my lumps and run tomorrow. Todays turnaround was nice and helped but I didn't see it coming at 1200. I'm down 3.09% #95 on the tracker. I've got alot of studying to do tonight.

On a good note I opened Roth IRAs for my wife and myself. I am only buying long positions in them but I bought SLV today at 13.32. I also have a order in for ICO. Tom's new ETF Talk is pretty good. Lady is digging up all kinds of good info and posting it.

Congrats on the ROTH IRA! Having one myself, has helped me to slow down on my TSP account because it alleviates the pressure.

Originally Posted by JTH

Congrats on the ROTH IRA! Having one myself, has helped me to slow down on my TSP account because it alleviates the pressure.

They are infant accounts, my positions are going to be long until I can build up some equity.

Sorry for the late post but I went 50G/45F/5C COB Friday. Made an entry into the tracker but didn't have time to update my thread. Hope everyone had a great weekend. JB45

Still 50G/45F/5S (correction from yesterdays post). I may make a <1% IFT tomorrow to DCA into S. I don't like doing it during a downtrend but we may hit the Nov lows fast and I need to lower my break even price if we bounce before the end of the month.

Made a <1% IFT of 49G/46F/5S. This maintains my S which was 4.17% and takes it back to 5%. It also bumps up my F from 45.55% to 46%.

I'm not sure what will happen today. Some consolidiation (dead cat bounce) is logical after a huge swing like yesterday but we are looking off a cliff and the ledge is starting to crumble. Good luck to those of you who jumped in yesterday. Not much support if we go lower........

Its looking ugly out there this morning. Everyone stay calm and walk, don't run to the nearest exit....

Originally Posted by justbizness45

Its looking ugly out there this morning. Everyone stay calm and walk, don't run to the nearest exit....

I'm considering jumping out of the frying pan...so close to the edge...is fire really that hot?

Originally Posted by Viva La Migra

I'm considering jumping out of the frying pan...so close to the edge...is fire really that hot?

I think it is but I was expecting a much lower day today. It's really hard to answer your question because it depends on how much risk you are willing to take. I expect the S&P to retest it's November lows next week. That is JMHO though. That and $5 will but you a Starbucks Latte.

The financials and news is running the market right now and it is all bad. I am not willing to take the risk and I don't think people have capitulated yet, but it may be coming.