Anyone Diving in Today??
- Thread starter JPatrick
- Start date
steelyman
Moderator Emeritus
I'm not diving anywhere except under the bed covers until the market stops acting so psychotic. What's the opposite of "Whee!"? Is it "Whoa!"? 
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GregLee
Thinks s/he gets paid by the post
Oh, no, I've lost over 10% since the beginning of the year. On the other hand, looking forward instead of back, I may have made something, since I've been buying during August and September, and when(?) the market recovers, my portfolio will do very well, I'm sure.Am I the only one lying broken and bleeding in the ( wall ) street?
harley
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I've been using the dips to do some buying (VTI mostly), finally getting some of my cash out of the MMs and back where it belongs. Now if bond yields would rise and prices fall so I could buy some of those, I'd finally get my AA set in place. Not wishing bad for anybody, just doing some dirty market timing. Things go up, things go down. Hopefully they go back up again after I get back in.
Gatordoc50
Full time employment: Posting here.
Coolius said:You folks buying puts and SKF might give the impression that this board is comprised of members who are thoroughly adept at playing the swings of the market.
Seems like most of you folks have made out well as the market goes to new 2011 lows. Every index , every sector, that I track is deep in the red.
Other than myself, are there any forum members who have been hurt by the action of the past 5 weeks? Am I the only one lying broken and bleeding in the ( wall ) street?
Yes. Actually I've done rather miserably with stocks over the last 20 years.
Sure, but we're ignoring the news and just keeping our asset allocations within their desired parameters. It's an advanced technique involving "buying low" and "selling high". Mostly the former and not so much of the latter. So far so good.
Spouse says that if I want to sell put options then [-]it's my own damn fault[/-] I should use my own money...
I don't know anything about calls and puts.
But it definately is still too early to purchase stocks or funds at this time.
Still keeping my bond funds and cash until the market and Europe settles.
Probably when the S&P gets down to the upper 900's.
But it definately is still too early to purchase stocks or funds at this time.
Still keeping my bond funds and cash until the market and Europe settles.
Probably when the S&P gets down to the upper 900's.
NYEXPAT
Thinks s/he gets paid by the post
I didn't buy any bank puts, still holding SKF
I always thought of SKF as a day traders tool, as they reset it everyday
?
OP
OP
JPatrick
Thinks s/he gets paid by the post
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- Jun 3, 2005
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Adding to DVY yesterday at the close. Likely do more today.
Thanks to FIDO, I'm scaling in at 10 shares per pop with zero cost.
This stash is getting big....Looking into becoming a market maker for DVY.
Took in nice 3.74% div last week. (quarters worth)
Thanks to FIDO, I'm scaling in at 10 shares per pop with zero cost.
This stash is getting big....Looking into becoming a market maker for DVY
.Took in nice 3.74% div last week. (quarters worth)
Adding to DVY yesterday at the close. Likely do more today.
Thanks to FIDO, I'm scaling in at 10 shares per pop with zero cost.
This stash is getting big....Looking into becoming a market maker for DVY
Took in nice 3.74% div last week. (quarters worth)
Nice, I didn't know Fido offered that. I just picked some up myself.
Thanks.I just watched my recording of Strategy Session. Interesing point:
The industry is looking at this
S&P:
10/03/2008 -Closed at 1099.23
yesterday -Closed at 1099.23
VIX:
10/03/2008 - 4514
Yesterday - 4545
What happened for the week after in 2008 - S&P went from 1099 to 899
They said to watch for a bear mkt today, and like I said earlier someone mentioned last week he sees the S&P going to 999 this month, then starting to bounce back up.
So, after the bounce I may xfer some funds in my 401K from fixed to growth.
The industry is looking at this
S&P:
10/03/2008 -Closed at 1099.23
yesterday -Closed at 1099.23
VIX:
10/03/2008 - 4514
Yesterday - 4545
What happened for the week after in 2008 - S&P went from 1099 to 899
They said to watch for a bear mkt today, and like I said earlier someone mentioned last week he sees the S&P going to 999 this month, then starting to bounce back up.
So, after the bounce I may xfer some funds in my 401K from fixed to growth.
Dawg52
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Same here. Just took a quick look and I'm barely up for the year, so not horrible compared to some. But will go negative soon at the rate were going. Thank god for med's.
freebird5825
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
My toast got a little burned, i.e. my recent purchase of 100 BHP shares. The dividend just paid took a little of the pain away. C'est la vie.
Not buying anything else right now, although it is very tempting. I'll behave and pay my recently delivered $3300 school tax bill in full instead.
Not buying anything else right now, although it is very tempting.
I'll behave and pay my recently delivered $3300 school tax bill in full instead.
OP
OP
JPatrick
Thinks s/he gets paid by the post
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Interesting factoids..
Very possible we may not repeat that last tumble to 999. The rally may have begun today..(fingers crossed)
BUM
Thinks s/he gets paid by the post
I always thought of SKF as a day traders tool, as they reset it everyday
I lost my faith in banks more than a year ago. Wachovia was my Waterloo. I bought and continued to buy SKF. Plan to sell it at 100. I won't recoup all my losses but it sure will help.
W2R
Moderator Emeritus
Or maybe a dead cat bounce... I would be more encouraged had it been more of a rally.
But then, my crystal ball is notorious for failing me at times like this.
James5v
Recycles dryer sheets
- Joined
- Oct 30, 2007
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- 88
My CISO seems to be doing something. Wow, what a change!
Re: T If it is your IRA account, it went x-div today. You can sell some covered calls. Dec/2011/29.00 are fetching $.90. You get the Div, $450, and another $0.75 if it is assigned, all in less than 3 months.
2.08 / 28.25 = 7.3%
Sandhog
Recycles dryer sheets
Do you mean CSCO? I'm just wondering if cloud computing is just another hype. Logically, I would think storage companies and ISP companies should benefit the most and in case of smart phone, the carriers. Much like Apple and their suppliers. To me CSCO and HPQ will be supplier to cloud computing. But I may be wrong. I'm still on the fence with about 25K in cash to invest in stocks. I'm planning buying little bit of energy (nature gas), banking, tech, and DVY equally. I'm not ready to dive in as of yet and part with retirement fund cash but with 1% interest in ING savings account, I want something more.
eytonxav
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Also, companies (CSCO, AAPL) sitting on huge piles of cash may be viewed as safe havens in times like these.
Not sure how many companies will figure out how to make money at it, but cloud computing itself is not hype.
GregLee
Thinks s/he gets paid by the post
So far as I can tell (admittedly not far), cloud computing is just a euphemism for the centralized data processing that computing designers keep trying and trying to revive in the face of its long, continuous decline since the introduction of personal computers. People like being in charge of their own systems, so I don't see it getting far.
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