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  • onetyme99 onetyme99 Oct 20, 2012 11:29 PM Flag

    Who are these people who keep dumpimg

    Hello ZAR and gary,

    How was your Hawaii trip Zar?

    Gary, any fishing trips, or planned?

    I'm 100% cash right now, just waiting for the election. Wow, I think Obama might get another term, Oh boy....We are in a huge mess!!!

    I'm just sitting on the sidelines and waiting for some direction. I do see a major correction happening after the election.

    Take care guys and don't fall in love with a stock..........Momentum trading is the only way, later!!!

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    • "How was your Hawaii trip Zar"?

      Hi One!

      Long story short....multi fractured my thumb (sporting accident) 3d day on Maui and couldn't play golf. Had surgery after returning home and still wrapped up with a large pin extending down through the thumb holding the bones in place.

      BTW....Tried to post to you about 6 times before leaving to get "contact info" but Yahoo would not let me post. Finally gave up.

      Re: thoughts are above and what I find still bullish. SPX will will eventually enter another "cyclical bear".

      Personally don't believe election regardless who wins will be "primary market driver" except in short term. Three years of "global economic turmoil" and present administrations policies and still you see SPX recently still near 42 MONTH HIGHS. If/when markets correct....major driver won't be because of election.
      Reagan gave birth to the greatest SECULAR BULL MARKET in history (August 82 to 2000).
      Regan was elected in 80....Markets didn't bottom till August 82!!!!

      Good to talk to you One!!!!

      • 1 Reply to zarcontheprimitive
      • Hello Zar,

        That's sucks about your accident, take care Zar.

        I don't think the election will cause a downturn, I believe the aftermath will. Romney wins, we lose. Obama wins, we lose. Vote for the less of two evils. The bottom line is the entire world's economy is in the dumps. Sorry, too much doom and gloom in today's market. Correction coming to theaters near you. Its a shorts dream. Take care of yourself and stay safe!!!

        Leaving back home to Maui November 9, let me know when your flying back.


    • ONE,
      Not sure if the elections will drive the market regardless of who wins, but the fiscal cliff and a down grade of the US will. I am 70% cash and have been swing trading the dxd spxu twm for a few days closed it out Fri. No guts
      It’s been good but I do not like to hold these etf more than 24-36 hrs the re-bal thing

      AS for IBM if it gets down to the $183 I would buy and add 25% on every 10% decline
      Truly the best company I ever owned incl AAPL I have held IBM since 1990 when it was $30

      As for fishing went for giant tuna this fri-sun nothing to show except black and blue from my hips down - I will try again next week
      A guy in the marina snagged a 900 lbs tuna last week
      All I got was beating and a huge fuel bill from the marina and a jammed 12-0 electric reel – ouch
      Still a good weekend bad day of fishing better than… Good to hear from u and I agree it might be a brutal 4th ¼ despite the fact that the 4th ¼ is usually good for stocks esp. tech. and retail.
      good to hear from u
      GLTA L&S

      Sentiment: Hold