Slope of Hope with Tim Knight
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- What's Working, What's Not
- Short the Sub-Continent?
- Out of Energies
- Favorite Lottery Longs
- Debt Clock
- Shorts Worth Pondering
- The End is Near
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Posted: 29 May 2009 01:44 PM PDT Now that this wonderful month is through, I wanted to share charts of a couple of personal portfolios I manage. This will probably be my last post today (reminder: I've got a Spotlight Session half an hour after the closing bell). At one end of the spectrum is my cursed 401-K, which keeps rising. I can't stand it! Its strength is representative of the market's refusal to move lower. At this rate, it won't be long before I'm moved this account up ten-fold from where I started. It is made up of a bunch of crummy long positions like CROX. Kidding aside, obviously I'm happy that it continues to do so well - - - and it's reassuring to know that, with this style of trading, I can still make money in a horrendous environment like this. The other one, I'm frustrated to pieces with, and it's my big account. How stupid can I be, putting up personal details like this? Pretty stupid, I guess. But if transparency is what people want, transparency is what they're going to get. This community means a lot to me, and in the midst of all my griping, I want you to know how I'm doing in dollars and cents. Opinions and blathering is one thing. The equity graph is something else. It's all that counts. Lordy, I hope June does better things for us all. I despise Spring. G'nite. |
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Posted: 29 May 2009 11:45 AM PDT I'll be doing a Spotlight at TOS half an hour after the close today. Here's another chart to consider - - it might have a little left to go, but it's tempting as a short. |
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Posted: 29 May 2009 11:37 AM PDT I saw this trio of comments a couple of posts ago:
Anyway. In point of fact, I did dump out of UNG, OIH, TBT, and DBC early today, and they were all pretty danged close to the top. Here, for instance, is UNG. I've cut 'n' pasted the confirm tickets from my broker's web site (the quantities are different since the buys/sells are done in multiple chunks, but you get the idea):
The reason for the sales is mostly psychological - - - in this environment, I am wanting to bag any decent profits I can, since things have been so difficult to trade lately. I still believe, as my post last night indicated, that energy markets probably have good times ahead, my desire to bank some profits trumps my need to allow myself to get stopped-out. So, snark or not, I'm out of all my big positions (except for being short SPY, entered earlier today). Later today I am going to post my updated equity curves so you can see how I'm doing in general. |
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Posted: 29 May 2009 10:30 AM PDT
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Posted: 29 May 2009 08:56 AM PDT A fellow Sloper mentioned this fascinating site to me. Check it out! It's chilling.
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Posted: 29 May 2009 08:01 AM PDT |
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Posted: 29 May 2009 07:13 AM PDT Well, I have nothing to say this morning, and I can't think of anyone more qualified not to say it. So let's just try to make the most of this last day of this very squirrely month. I'll loop back when I have something cogent to express. |
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