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re: This appears to be more of a reckoning than a correction...my goodness,

Posted on 1/20/16 at 3:51 pm to
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80789 posts
Posted on 1/20/16 at 3:51 pm to
Posted by Menji
Las Vegas
Member since Jan 2009
668 posts
Posted on 1/20/16 at 5:14 pm to
quote:

But the Money Talk Board's Fear Factor Contra-Indicator has never missed the bottom by much previously, not even in 2009.


The whaaaaa?

Posted by RebelOP
Misty Mountain Top
Member since Jun 2013
12478 posts
Posted on 1/20/16 at 5:29 pm to
Wut
Posted by RebelOP
Misty Mountain Top
Member since Jun 2013
12478 posts
Posted on 1/20/16 at 5:34 pm to
Yo B let me borrow a cool billion.
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 1/20/16 at 6:32 pm to
quote:

But the Money Talk Board's Fear Factor Contra-Indicator has never missed the bottom by much previously, not even in 2009.

The whaaaaa?




Sit down over there, grasshopper, and watch and learn....
Posted by PlanoPrivateer
Frisco, TX
Member since Jan 2004
2796 posts
Posted on 1/20/16 at 7:00 pm to
Russian, isn't T a little tame for you? I wouldn't have guessed that you are a dividend guy. It isn't anywhere near its 52 week low and it isn't very volatile.
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 1/20/16 at 7:05 pm to
quote:

and it isn't very volatile.
I can use a little of that right about now...

Besides, if it reacts tomorrow to today's pullback like I think it will, I'll probably sell it.
Posted by Lsut81
Member since Jun 2005
80194 posts
Posted on 1/20/16 at 7:05 pm to
quote:

So, I bought shares of T at $33.52 today right about BINGO time just before noon.


Why T? Just curious
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 1/20/16 at 7:24 pm to
quote:

Why T? Just curious

Its 10, 25, 50, 75, 150 and 200 day trend lines converged to create a confirmed Inverted Angel of Death Cross Index Buy Indicator.











J/k, I just made all that crap up.

Seriously, I keep T on my primary watch list and it dropped through the bottom of its "normal" trading range channel. I figured even if I misjudged and it drops further at least I'll get a 5.7% dividend yield while I wait for it to recover. I'm pretty sure its dividend is reasonably safe. The DirectTV merger assured the dividend for the foreseeable future, IMO.
This post was edited on 1/21/16 at 6:57 am
Posted by Lsut81
Member since Jun 2005
80194 posts
Posted on 1/20/16 at 7:35 pm to
quote:

I keep T on my primary watch list and it dropped through the bottom of its "normal" trading range channel. I figured even if I misjudged and it drops further at least I'll get a 5.7% dividend yield while I wait for it to recover. I'm pretty sure its dividend is reasonably safe. The DirectTV merger assured the dividend for the foreseeable future, IMO.


Thanks for the insight, I didn't think it was a quick flip stock since its 52 week moving is only a few dollars, although, I'm sure you're buying in huge amounts that make a 50 cent or one dollar move worth it.
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 1/20/16 at 8:11 pm to
Not "huge." 2,000 shares on this trade. If it goes over $34.04 tomorrow I'll sell it.
This post was edited on 1/20/16 at 8:15 pm
Posted by FunroePete
The Big Cheezy
Member since Dec 2012
1531 posts
Posted on 1/20/16 at 8:17 pm to
quote:

Not "huge." 2,000 shares on this trade. If it goes over $34.04 tomorrow I'll sell it for a little over $1,000 gain in 24 hours.

Curious, what percentage would that potenntial profit be taxed at?
Posted by Iosh
Bureau of Interstellar Immigration
Member since Dec 2012
18941 posts
Posted on 1/20/16 at 8:21 pm to
Someone want to tell me what T is?
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 1/20/16 at 8:24 pm to
quote:

quote:
Not "huge." 2,000 shares on this trade. If it goes over $34.04 tomorrow I'll sell it for a little over $1,000 gain in 24 hours.

Curious, what percentage would that potenntial profit be taxed at?
0%...for now. This trade was in my SEP.
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 1/20/16 at 8:25 pm to
quote:

Someone want to tell me what T is?
Telephone.

As in AT&T.
Posted by Old Sarge
Dean of Admissions, LSU
Member since Jan 2012
55375 posts
Posted on 1/20/16 at 8:48 pm to
Google it

Whenever someone throws up a stock symbol I don't know that's what I do

And yes, I did it earlier today for T
Posted by RebelOP
Misty Mountain Top
Member since Jun 2013
12478 posts
Posted on 1/20/16 at 8:48 pm to
You do options as well? I noticed during the MarketWatch MT Game you were in and out of consistent volatile things like I was. I finally figured out what you were doing about halfway through the year but at that point you were already up to half a billion if not more. I then just gave up. I pulled within 3rd around October.

I've really gotten into options trading the past year and a half and now I'm starting to dabble into some futures, but futures take so much buying power that it's hard to get in and out of quickly.
This post was edited on 1/20/16 at 8:50 pm
Posted by Bullfrog
Institutionalized but Unevaluated
Member since Jul 2010
56343 posts
Posted on 1/20/16 at 9:42 pm to
quote:

The DJIA seems to have followed a consistent curve for over 40 years.
The Dow average has a built in upward bias because they kick out the poor performers and replace with rising stars.

This pullback may erode over time or blow thru 12500 quickly in the way to the 9000's but it will recover. Just questions of time & price.

Time and price are two separate, difficult to predict, forces. But both are important.
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 1/20/16 at 10:22 pm to
quote:

You do options as well?
Nope, never have. I'm not smart enough to trade options.

I did silly stuff in the investment game that I would never do IRL. It was cathartic exercise for me. Adjective cathartic, not the noun.
Posted by RebelOP
Misty Mountain Top
Member since Jun 2013
12478 posts
Posted on 1/20/16 at 10:24 pm to
Well no shite. No one can turn $1MM into a fricking billion+ dollars IRL that fast.

You da baw.
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