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iShares TIPS Bond Message Board

jshaef1 42 posts  |  Last Activity: Dec 16, 2014 5:01 AM Member since: Mar 4, 2009
  • Reply to

    Higher Lows?

    by jshaef1 Sep 23, 2014 12:27 PM
    jshaef1 jshaef1 Oct 1, 2014 4:07 PM Flag

    Well we puked well under the 9.23 from May--I'm buying here. We barely avoided the 8's yesterday and doesn't look like much change today (10.1.14) as GDX faded throughout the day. If we fall more, looks like we will retest the 8.41 from December at least. I've been buying on all our trips down this way, but will be locked out of buying above 9 if we do get lower than that at some point. I've saturated the whole area we are in now with buys and have plenty of powder left if we go rogue and take out the prior low and head much lower. Nothing surprises here!!

  • jshaef1 by jshaef1 Sep 23, 2014 12:27 PM Flag

    By the narrowest of margins we have avoided falling below the May 28, 2014 higher low which was at 9.23. Yesterday, September 22 we closed at 9.27. It seems unlikely it will hold, but I suppose stranger things have happened. The falling knife has been the story lately for sure.

    The strategy is to invest $200 a day while we are under $10 per share, with no further investing over 10. If we fall under $9, that will be upped to $300 per day, but no further investing above $9--and so forth, although I hope not much lower. The low for the bear market move was 8.41 on December 23, 2013--Merry Christmas :). Nobody wants to see that except the shorties. Who really knows? Eventually this war will end, but the smell a napalm has been pretty powerful stuff lately. As Fleck says, the funds are "puking" any holdings before the end of the third quarter, so any rally may be met with more selling, although i can't imagine there is much left to "puke."

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