Investors....come in please!

[buster]

Originally Posted By: Warstud
Standard & Poor’s credit analysts said Saturday that Euro-zone policy makers have failed to address the “broadening and deepening” financial crisis the region now faces, leading the agency to issue long-term downgrades on nine countries, including Cyprus, Italy, Portugal, Spain, Austria, France, Malta, Slovakia and Slovenia.


Glad we have our own sovereign currency.

I still think we're in for a recession late 2012 going into 2013. Not that this has been a recovery. The labor force participation rate is at a 30 year low. Not good.

 

[Turk]

So, with the talk about Gas going to $4-$5+ a gallon, which would probably trigger another economic dip, are you going to scale back your holdings?

 

[Warstud]

Anyone still long this market. Those that were afraid to buy because of the low volume got left behind.

 

[Pablo]

I still own many of my energy plays, and plenty of other selections to enjoy the rally I caused

 

[Pablo]

Also - The non-self directed portion of my 401K is also following the rally. Some mutual funds I rarely check.

The only thing that is down for me are gold and gold miners.

Specifically
SDRL is up 25%+
PFO up 31%+
QRE up 16%
ETP up 10%
BTZ up 10%
And a host of others up 5-10%

NEM down 7%
FSAGX down 6%

 

[Pablo]

I just sold 10000 shares of FTR at $4.60 to lock in the 15% gain.

 

[Turk]

Excellent!

My ESI has been on a rally, so thinking about selling.

 

[Warstud]

Originally Posted By: Pablo
I just sold 10000 shares of FTR at $4.60 to lock in the 15% gain.


What are you doing...running a hedge fund?

 

[Turk]

Originally Posted By: Warstud
Originally Posted By: Pablo
I just sold 10000 shares of FTR at $4.60 to lock in the 15% gain.


What are you doing...running a hedge fund?

He actually left off a 0.

 

[Pablo]

I'm not greedy. The stock closed at 4.78 and I don't feel bad about "leaving money on the table"

 

[Warstud]

Start of a new rally...(haven't seen the market up this much in a while).
Or blow-off TOP?

 

[Turk]

Built on sinking sand I think.

 

[Turk]

Ok, so now what?

Keep going up? Little more or a rocket ship?

Dead cat bounce? Sucker rally?

 

[Pablo]

I'm not sure what to say, but the market certainly is in rally mode. That said, we've had our share of distribution days. I don't think it's time to jump in heavily!

 

[Turk]

Originally Posted By: Pablo
I'm not sure what to say, but the market certainly is in rally mode. That said, we've had our share of distribution days. I don't think it's time to jump in heavily!


True.

I've got in some, but also took profits. 20% on GTMM.OB

Looking to possibly buy a modest amount of JATTX, OAKMX, FMILX & FSDIX.

 

[Pablo]

OK I shorted the pig.

 

[Drew99GT]

Originally Posted By: Pablo
OK I shorted the pig.


Based on what? Distribution days, if you don't mind me asking?

Did The Bernanke startle you!

 

[Pablo]

The market was under pressure this last week or so, the move yesterday was very weak on volume. The number of distribution days is mounting.

 

[Drew99GT]

http://www.sfgate.com/cgi-bin/article.cg...KIC01-M2727.DTL

Lookout below.

 

[Drew99GT]

I'm out.