Comments on Fund My Mutual Fund: Mastercard (MA) Trounces Earnings

Great points TM and jeegan! And thanks for the ML...

2008-11-04T18:42:00.000-05:00

Great points TM and jeegan! And thanks for the MLP link jeegan. I, along with many I'M sure, just needed a pep talk :)

that's why its easier being a strategist than an i...

2008-11-04T15:33:00.000-05:00

that's why its easier being a strategist than an investor

or trader

further, much of each day's move is in premarket nowadays

meaning these 2% type of gap opens - down or up- represent a good portion of the day's moves and individual stocks opening up 8% don't leave much room to get in.

But again, people need to know their style and time frame - I don't think its a market for investors. We were down historically and everyone knew a rally would come sooner or later. Damn market is not going to zero. But anyone who guessed over the past 2 months, got their hat handed to them. Now it is very easy to say "oh of course THIS was the time to get in" & "how could of I missed it" - many of the same folks said to get in in mid Sept, late Sept, early Oct, and even the Oct 10th low led to a further selloff after that first 1000 rally.

The market is so simple in retrospect.

Anyhow I remain neutral and this market can go either way - we'll see how it reacts to the retail news and jobs report - if it shrugs it off than a longer term rally may be in place. A lot of stocks quickly approach resistance levels as well after being nowhere near them for weeks on end. So we'll see how they react individually.

Many people who are bullish now should of been bullish about 8 days ago if they were such great "timers".

TM.. Good points.... Also like to add that even if...

2008-11-04T15:26:00.000-05:00

TM.. Good points.... Also like to add that even if you use tight stops on a pivot, or under a prior resistance, you can easily be stopped out much lower than you'd have expected during an overnoght feeding frenzy... Happened to me with AAPL and RIMM ...

Also, the daily rotation is hard to deal with. Wake up one moring and oil has spiked up $4 a barrel, tomorrow morning, it's down $3 and financials have spiked...Or utilites, shipping etc.. Too late to get in and you really have no idea which Jekyl/Hyde combo you face the next day's coffee.

jegan
n
jegan

Or put another way... do you have the talent to ma...

2008-11-04T15:16:00.000-05:00

Or put another way... do you have the talent to make more on the upside with timing than you lose on the downside by playing all the other dips that lost people enormous amounts of money by being "early". That's the question everyone needs to ask. Someone down 50% on a position needs to make 100% just to break even. Same with 40%, 30%, but in different ratios. It's been very easy to lose 30% in 1 week in many stocks the past few months.

Anyhow the "bullishness" is fun to watch - but we did cross over S&P 985 so you can't bet heavily against the market yet.

crappy, anyone long going into sept/oct is making ...

2008-11-04T15:10:00.000-05:00

crappy, anyone long going into sept/oct is making up just a small portion of their losses here. The only people making money are those who jumped in about a week ago. In many stocks even after huge moves they are back to where they were 2-3 weeks ago.

Maybe you are a daytrader, I don't know your style. If so, you need to work on better entry points if you missed the move. For the great majority of people, it is very easy to say "oh I missed this" but if you bought any oversold rally the past 2 months you'd of lost money within hours. So of course you will miss it the one time it doesn't continue down that path.

Any real rally will last for 2-4 months. If you miss the first week of it, you won't miss much. The S&P is now about 6% away from a real resistance level so if you want to play the long side you have that margin for error.

It is always easier to make up lost opportunities than lost capital. But it depends on your average duration of hold on your trades - if you are very short term that is different than someone who generally holds positions at least for a few weeks or months. Or a buy and hold type.

This tape is only for daytraders - still.

crappy ... I'm guessing lots of people are heavy c...

2008-11-04T15:04:00.000-05:00

crappy ... I'm guessing lots of people are heavy cash right now. I am.. T. Boone Pickens' fund is all cash according to an interview.. So everyone's kicking themselves. But the markets just didn;t seem to have any direction. I've been looking at going EEM or EEV... It just teetered on the line. I'll wait till the election bump subsides and a direction is called. Apparently, election day gets a boost, and fades in the afternoon. So this AM, when the DOW was up almost 300, I sold some stuff.

Anyway.. I've been waiting for you to post again as you say you click the email advice box...

Awhile back, you asked about MLPs and how they can affect an IRA. Oddly enough, I came across this article on MLPs that references potential pitfalls.. Suggest you read it... jegan

http://seekingalpha.com/article/101726-six-high-yielding-mlps?source=yahoo

Argh. Is anyone else kicking themselves for not g...

2008-11-04T14:01:00.000-05:00

Argh. Is anyone else kicking themselves for not getting into this rally, or cashing out too early? Guess the recession is over haha...oil, ags, infrastructure (JEC just increased guidance for 09), solar all up big.

When do you accept a bull move and jump on (while you watch resistance levels get passed) vs. short the market...looks like the S&P 20dma may be the support to watch.