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Old 08-21-2015, 11:01 AM   #461
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4% though is a brand new Tesla with the crazy mode thing option.
Perhaps, but I expect the total to wiggle around some in the natural course of things... it has wiggled up a lot since I retired and is now just giving back some of those gains.... no big deal.
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Old 08-21-2015, 11:56 AM   #462
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The S&P is down a mere 6.5% right now from its recent high. Not in correction territory yet. So, party on!

But I am keeping my powder dry and staying alert.

PS. The only equity making money for me the last few days is a Biotech Bear ETF, bouncing 33% off its recent all time low. Not even biotech and healthcare stand up to the onslaught. It's about time. Heh heh heh...
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Old 08-21-2015, 01:44 PM   #463
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The S&P is down a mere 6.5% right now from its recent high. Not in correction territory yet. So, party on!

But I am keeping my powder dry and staying alert.

PS. The only equity making money for me the last few days is a Biotech Bear ETF, bouncing 33% off its recent all time low. Not even biotech and healthcare stand up to the onslaught. It's about time. Heh heh heh...
Is there a Dotcom bear ETF? With Netflix off some 15% in a couple of days, and Amazon plus Google well off their highs, that would be a nice ETF to hold.
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Old 08-21-2015, 02:05 PM   #464
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Is there a Dotcom bear ETF? With Netflix off some 15% in a couple of days, and Amazon plus Google well off their highs, that would be a nice ETF to hold.
QID?
Double shorts the QQQ. More of a trade vehicle.
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Old 08-21-2015, 02:14 PM   #465
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I just rely on the past 130 years of history. I buy every month, no matter what. My dividends get re-invested.

If I cannot rely on the market for the long term, the world is in trouble. In that case, I have guns and bullets.
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Old 08-21-2015, 02:47 PM   #466
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Back from vacation and I see some activity in this thread. Today I have sold some VCSH (short-term corporate bond index) in order to raise cash for some short-term in/out trades.

I will place a limit order for EWX (small-cap emerging markets with about 52% of assets in China/Taiwan/HongKong) and see what happens. If it executes, then I will be looking to sell next week.
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Old 08-21-2015, 03:03 PM   #467
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I have had a couple of limit orders out for some ETFs, with prices that looked like they would never hit when I set them 2 weeks ago. Then, this morning when I made the posts above, I lowered them some more, just for the hell of it.

Went with my wife for a grocery errand, came back and found myself proud owners of these. Darn!

DJ down more than 500 points now. Aren't we having fun yet?
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Old 08-21-2015, 03:04 PM   #468
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Update: Bought EWX when it dropped more in last few minutes of trading day.

Also was able to sell BND and buy VTI in last minute or so. This will also be a short-term move as I will sell VTI next week for any minor gain if possible.

So I guess I am hoping for a dead-cat bounce next week.

Good luck everybody!
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Old 08-21-2015, 03:12 PM   #469
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I just rely on the past 130 years of history. I buy every month, no matter what. My dividends get re-invested.



If I cannot rely on the market for the long term, the world is in trouble. In that case, I have guns and bullets.

With my one mutual fund this is what I do. And this is the reason I have it in the mutual fund and not etf. Who knows how many times I would have tried to sell today, and then problems would begin...sell low, buy high; rinse and repeat.


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Old 08-21-2015, 03:40 PM   #470
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...

If I cannot rely on the market for the long term, the world is in trouble. In that case, I have guns and bullets.
Does this mean you're going to rob a 7-11 or that you are going to shoot yourself?
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Old 08-21-2015, 03:42 PM   #471
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Redduck, didn't you see another thread where he posted about just buying 10 Glocks?

Me hoping he's not going on a rampage.
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Old 08-21-2015, 03:53 PM   #472
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No, I must have missed it. Might it have been posted in the "kindle cover recommendation" thread?
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Old 08-21-2015, 04:09 PM   #473
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Redduck, didn't you see another thread where he posted about just buying 10 Glocks?

Me hoping he's not going on a rampage.
Maybe he's going to trade guns for gold?
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Old 08-21-2015, 04:30 PM   #474
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No, I must have missed it. Might it have been posted in the "kindle cover recommendation" thread?
It was in the "Toy" thread!

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Maybe he's going to trade guns for gold?
No. I think it is lead for gold.

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Update: Bought EWX when it dropped more in last few minutes of trading day.

Also was able to sell BND and buy VTI in last minute or so. This will also be a short-term move as I will sell VTI next week for any minor gain if possible.

So I guess I am hoping for a dead-cat bounce next week.

Good luck everybody!
EWX down 31% from all time high set back 11 months ago. Down -3.8% today. Definitely a good place to put a bet on a dead-cat bounce.

As stated earlier, I myself got my limit order hit inadvertently on an ETF which shall remain nameless. It dropped -9% today, and my order hit in the last 1/2 hour of trading.

I cannot remember the last time I played any game or slot machine. Who needs LV when he plays with "real" money on Wall St? Heh heh heh...

PS. I usually set my orders below what I think the prices would go. It was more a way to remind myself to watch them. When I thought the price was good enough, I would switch to market order.
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Old 08-21-2015, 04:56 PM   #475
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I cannot remember the last time I played any game or slot machine. Who needs LV when he plays with "real" money on Wall St? Heh heh heh...
I used to like casino table games but option trading makes putting $100 on a craps line seem so boring. In the comfort of your own home, sitting on the sofa in your underwear, you can legally make a bet that 10 minutes later is worth nothing or 5 times what you bet. The added bonus is deducting your losses is MUCH easier.

Now if I could just get someone in a skimpy outfit to bring me free drinks...
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Old 08-21-2015, 04:57 PM   #476
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Can you get your wife to do that?
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Old 08-21-2015, 05:00 PM   #477
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Can you get your wife to do that?
Not for free.
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Old 08-21-2015, 05:29 PM   #478
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Just got back from our hike and saw that market dropped an additional couple hundred points from where I left it. I should have put my orders in this morning for close of day

At least I can find some relief that with a mid seven figure portfolio, I was under six figure losses for the day.
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Old 08-22-2015, 08:59 AM   #479
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In my opinion, the Fed has been propping up this market for years, with QE1, QE2, etc.. I don't think it is a coincidence that the S&P 500 has been basically flat since the last QE ended in October 2014. I see very little upside potential for this market in the near-term, and I think we have a lot further to fall. The huge drop in commodity prices (especially oil) and the problems China is having only add to the current volatile situation, IMO. If I had some spare cash that I wanted to put into the market, I would wait a while and see how this plays out before jumping in. I may be all wrong, but it will be interesting to see what happens over the next few months or more.

I'm going to watch this one from the sidelines, for now anyway.

I'm with you on this sentiment opinion. I went to All Cash this past Wed after the Fed minutes were released and trading became volatile. Sold at the pop around SPY 209. Saved me over $200k of paper losses but I agree more room to fall. 1850 S&P could come quickly. That's where I would start buying if 1950 doesn't hold on Monday


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Old 08-22-2015, 12:27 PM   #480
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On Friday I moved as follows:

Out of cash. into:

$100k into Russell 2000 fund (401k)
200K into VTI
30k into ERX. 3x bull oil

It was promising to see the wash out late in the day on triple witching and hitting a real 10 percent by the books correction on Friday. Best of all, it was all bears on CNBC !!

I don't think we're in store for a black Monday but if yes, I will do yet some more buying. It's no 1987 crash yet but a buy oppy if it does fall another 5-10 percent.

Long term buy and hold on all this except ERX which is a total net/value play gamble that is at 6 year lows.

The other buys are all are solid dividend yields despite what mr market throws at us near term.

I'm about 8 percent cash / bonds now, more fully invested in equities than I normally like. Usually I like 80/20 AA but been waiting for a real 10 percent pullback for 4 years to buy more equities and I had previously missed some dividends.
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