Thread: WorkFE's Account Talk

That was cool. I actually expected a day much like friday but we went to the green side a bit more than I thought we would.
Watching a Barge on the Ohio last night reminded me alot of this current rally. You can pull out in front of it but YOU WILL get run over.

The I fund was like a comeback kid prize fighter. Nice rebound at the end of the day.
Just short of SPX 1053, I really wanted that. Tomorrow should be very interesting.

I remember not long ago there was much talk about it taking 5 to 10 years to recoup the losses of the recent collapse. Now I see people risking it all to get it back in 12 months (me included).
I do pull back on occasion when the hair on the back of my neck stands on end however the 2 IFT limit lends to a little more patience most of the time. I stay at risk and ignore Coolhand and the SS even though I know better. I sit in the G while Birchtree screams FULL SPEED AHEAD and it pisses me off.
I see new faces on the MB and wonder why it took them so long to come hang out just like it took me forever to get off the fence and actively participate in what is my business.
The healing process, most commonly referred to as recovery, may very well happen quicker than originally thought or maybe not. Either way alot of us gained shares in our accounts at some extremely nice prices and will continue to do so as the recovery, be it now or later, continues.

Congrats everybody, be vigilant, but congrats.

Overseas Markets were groovin last night. If today looks to be a big up day before noon I may pull back slightly into the G. Build up the dry powder for a down day. Not alot, less than 30%.
Problem is that would be my 2nd IFT and I would have to leave it sit until october. We shall see.

i am there with you , hate to waste last ift and be stuck, but my luck if i ride like a tick i tend to loose my behind, if i get out , then the riders just keep climbing without us

The days of wine and roses are now gone - no more $8, $9, $10, $11 ranges in our lifetime. We will now experience the purchase of fewer shares as they get more expensive and that is the sacrifice we all make as progress beckons. The day will come when new members will be forced to buy the C fund at $17 and that definitely means fewer shares and a longer term in grade to achieve the ultimate goal. For those of us that have experienced the depths of the well all those DCA shares will now help the gains toward success.

Thanks, KC for making my decision harder Kidding, of course I was talking less than 30%.

BT, I make wine but I do not drink it and I prefer plants that bare some type of fruit or Veggy. But you are correct, smart investors if possible increased their contributions over the past 6 months or so and took advantage of a great opportunity.

Originally Posted by Birchtree

The days of wine and roses are now gone - no more $8, $9, $10, $11 ranges in our lifetime. We will now experience the purchase of fewer shares as they get more expensive and that is the sacrifice we all make as progress beckons. The day will come when new members will be forced to buy the C fund at $17 and that definitely means fewer shares and a longer term in grade to achieve the ultimate goal. For those of us that have experienced the depths of the well all those DCA shares will now help the gains toward success.

Yes but your $9 C shares will be feeling really nice by then.....Cause guess what BT? you will retire and soon and you'll be looking for every top you can find!!!!!!!!

I guess a C fund price of $25 might be close to an imaginable top - it will certainly be exciting that's for sure. Let the good times roll. The NYSE is stronger than the Dow today which means the breadth is excellent.

Decided to pull some back into the garage (Sigh from BT)
Greed is the Route to financial wealth but it can also lead to destruction

Looking like today could be the big bite but the DOW lags the others.

COB Today:
G-25
C-30
S-30
I-15

GL today everybody

Everybody is jumping on the recovery band wagon. I get it, markets recover companies are more flush with capital. It's a no brainer.
The bottom line however is this recovery is only felt by investors. It is darn sure not felt by the unemployed. I will feel better when that number retreats and we could be a year away from that occuring. I'm riding the express train like most but my common sense tells me to enjoy it cautiously. There are alot of slowly brewing (globally) forces working out there.
I do believe we will crack 11,000 and 1200 by years end, there could be some bumps in the road but we'll get there. A little further down the road there are some government fiscal adjustments that will need to be completed and could scare the crap out of the markets. (Burning some printed funny money and interests rates are 2)

Good luck today everyone