Investors....come in please!

Amkeer · Mar 19, 2004

The past 3 weeks I have been getting slammed! Ouch! I went from 80% win ratio to a 10% the past 3 weeks. The worst part is the wife trades too and she is in the same rut.

Oh, well these things eventually subside (drawdown)and things get back to normal. Ohhhhhh, but the pain!

Pablo · Mar 19, 2004

I'm approaching 50% cash, and maybe a bit over if I count me Short Term Bond funds which don't fluctuate too much,

I'm still seeking good stocks though.

I sold my PGH. That dividend was a nice chunk for so little effort. I only sold on the overall condition of the market, and may buy back on dips.

Microsoft below 25???? Maybe.....I just can't say where they are headed....

Pablo · Mar 21, 2004

Guys (and Gals?) -

I'm sitting here after some nice gains (and sales) at 60% cash!

What should I do?....No stocks seem so good to me right now. Stock funds? Maybe.

Crazy me I found 3 interesting income funds. I know, I know...sounds totally contrary. All are Fidelity. All have some risk with increased int. rates, but not as bad a pure Hi Income bonds:

FNMIX New Markets (world wide) income
FFRHX Floating Rate high income
FINPX Infation Protected bond

I would just take a smallish portion of my cash for these, just to boost my income a bit....

TheLoneRanger · Mar 21, 2004

Looks like a lower market open today, because of the Hamas leader that was taken out by Israili rockets. This market is discombobulated right now, and so am I.....

GROUCHO MARX · Mar 21, 2004

Pablo, look out below!! Especially on the NASDAQ!

Primus · Mar 21, 2004

Time to sell, rebound - sell, etc.

GROUCHO MARX · Mar 22, 2004

Tough to catch a falling knife. NASDAQ is below 1900 as I speak.

Primus · Mar 22, 2004

I like Charlie Minter view:

http://www.comstockfunds.com/index....EN/66533735/MenuItemID/139/MenuGroup/Home.htm

GROUCHO MARX · Mar 22, 2004

Primus. I'm not sure I like his view, but I mostly agree.

Pablo · Mar 22, 2004

I'm watching for the bottom as fast as I can....

Pablo · Mar 22, 2004

OK guys I must admit I bought 1000 shares of LU.

I also bought 1000 shares of JDSU.

I funneled some cash into my sharper stock funds before close yesterday as well as the income funds mentioned above.

Now I'm just below 50% cash.

The main reason - sitting on cash earning 0.6% is no way to grow for retirement....

TheLoneRanger · Mar 23, 2004

I also nibbled today....bought a defense stock that my MetaStock program showed a buy on. The market's up about 60 points at 3 pm, after the drop yesterday. Is this a dead cat bounce? Maybe. The rest of this week will tell......

[ March 23, 2004, 04:03 PM: Message edited by: TheLoneRanger ]

Last_Z · Mar 23, 2004

quote:

Originally posted by Pablo:
OK guys I must admit I bought 1000 shares of LU.

I also bought 1000 shares of JDSU.

I funneled some cash into my sharper stock funds before close yesterday as well as the income funds mentioned above.

Now I'm just below 50% cash.

The main reason - sitting on cash earning 0.6% is no way to grow for retirement....

P,
Way to go, dude!
So you bought 1000 shares oh LU huh? You are making me want to buy more.
As for your cash, you have got to check out ING Direct (ingdirect.com).....their rate is variable, which of course depends on the market. When I first opened my account back in July 02, their rate was 3.0%.....as the feds began dropping their rates, so did ING. The lowest it's been was something like 1.5% or higher. It currently sits at 2.0%. I've earned more than $400 on less than $9k, which was built up over time. They also have some very good rates on CDs.....in fact, they have some of the best rates in the country! Check it out!

Rick

Amkeer · Mar 23, 2004

Market is still way overbought. We are in an election year with terrorism fears. Stocks need to be discounted in order to fit the risk, reward scenario. A bearish formation has clearly been identified on the daily, weekly soon to follow monthly charts. I mentioned some of this a month ago. We will get some countertrend rallies but the DOW Jones is headed below 10,000 to about 9750-9830. We have an oppurtunity to hold above 10000 but I think there is not enough catalyst right now. We will see.

Last_Z · Mar 23, 2004

Amkeer,
I'm into long positions.....does that matter to me?

Amkeer · Mar 23, 2004

Nope! True longs shouldn't worry about a thing. Ten years from now you will be glad you did what you did!

GROUCHO MARX · Mar 23, 2004

Amkeer, crystal ball for the NASDAQ? 1700 or 1800?

Pablo · Mar 23, 2004

Last_Z thanks....I'll check that out, not sure I can do it out of my sd IRA. There must be some rising rate risk with that yield....but this is one reason I went into those protected income funds that pay much better than money market cash yields.

I figure sitting long....well OK sitting at 50% cash I'm ready for anything!

Mainiac · Mar 23, 2004

New here...haven't read the other six pages, but one of our six portfolios is in natural gas...inegrated companies, pipelines, and production companies. Doing better and better.

Other hot area is biotech---specifically Internal delivery of maintenance meds. Medical technology is fast evolving into this field, since it offers reliable dosage at prescribed periods based on the actual need of the body; dramatically lowers abuse & misuse potential; and protects drug patents from generic copykats.

New MEDICARE drug benefit will strengthen and stablize the investment costs and bring product to market faster.

Amkeer · Mar 24, 2004

Groucho,

I hope we get a pop here the next couple of days. If so I wouldn't worry about what is below 1893. Yet!

I am in long AMD again! I hope this time around things are a little smoother!

My neck is starting to hurt from all the whipsaw movements...

Investors....come in please!

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