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Cars and Cappuccino
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I lightened up yesterday. Took some hits, but in no big rush to dive back in. Sept. and Oct. ain't the best months for the market, historically speaking.
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http://www.carsandcappuccino.com 1987 Grand Prix White "Outlaw" Turbo Coupe w/go-fast bits 1985 Prussian Blau M491 Targa 1977 Mexico Blue back-dated,flared,3.2,sunroof-delete Coupe 1972 Black 911 T Coupe to first factory Turbo (R5 chassis) tribute car (someday) |
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08-25-2015, 02:59 PM
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Unregistered
Join Date: Aug 2000
Location: a wretched hive of scum and villainy
Posts: 55,652
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I pinned back my ears and decided I was going to ride this one out.
In previous times i got out and didn't time the jump back in as well as I could have and gave up lots of good green. We'll see how this strategy works comparatively. |
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08-25-2015, 04:05 PM
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Nice move today. Hope everyone made a lot of their money back.
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74 Targa 3.0, 89 Carrera, 04 Cayenne Turbo http://www.pelicanparts.com/gallery/fintstone/ "The problem with socialism is that you eventually run out of other people's money" Some are born free. Some have freedom thrust upon them. Others simply surrender |
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08-26-2015, 11:59 AM
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Unregistered
Join Date: Aug 2000
Location: a wretched hive of scum and villainy
Posts: 55,652
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After today's rebound I'm about 2% up year to date, and I was up 6% YTD several weeks ago.
I was told there wouldn't be any math so I didn't bring a calcumalator, but if i'm not mistaken that leaves me down 4% from peak. I believe it'll come back. Just not sure how quickly. |
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08-26-2015, 03:51 PM
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Detached Member
Join Date: May 2003
Location: southern California
Posts: 26,964
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I'm down about 4-5% from the peak as well. I "think" I'm still up for the year by a few million.
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08-26-2015, 04:17 PM
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Registered
Join Date: Jul 2001
Location: Lawrenceville GA 30045
Posts: 7,381
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Any of you familiar with the Mojena Market site?
They had a sell signal back on June 7- still very strong sell. Mojena Market Timing
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Mark '83 SC Targa - since 5/5/2001 '06 911 S Aerokit - from 5/2/2016 to 11/14/2018 '11 911 S w/PDK - from 7/2/2021 to ??? |
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08-26-2015, 05:30 PM
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Registered
Join Date: Oct 2003
Location: Roseville, CA
Posts: 3,066
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Quote:
Have you looked at the history of that signal? It hasn't beat "buy and hold" since 2008. Going back to 1990 it only has a 1% advantage over just holding the S&P and they don't factor in all the trading costs or tax implications. Seems like a waste of time to me. 
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1992 968 Polar Silver 2010 Toyota Highlander SE 2006 Lexus LS430 ML |
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08-26-2015, 07:52 PM
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Band.
Join Date: Dec 2003
Location: Denver, CO
Posts: 13,342
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3 weeks ago I was up about 110% over last August in my "swing wildly at every pitch" account.
Now I'm up about 10%. So . . . . I got a real nice learnin'.
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1983 SC Coupe 1963 BMW R60/2 1972 Triumph Tiger 1995 Triumph Daytona SuperIII |
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08-27-2015, 09:50 AM
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Unregistered
Join Date: Aug 2000
Location: a wretched hive of scum and villainy
Posts: 55,652
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Up is better than down. Even if it's 10%
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08-27-2015, 10:18 AM
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You do not have permissi
Join Date: Aug 2001
Location: midwest
Posts: 39,985
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Heard on the radio that most Chinese citizens keep their savings in cash or property, so the stock market swing doesn't affect their economy either way.
But in the near future, the PRC is planning on putting its government retirement funds into the market. That could be huge, one way or another.
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Meanwhile other things are still happening. |
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08-27-2015, 10:48 AM
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Registered
Join Date: Oct 2003
Location: Roseville, CA
Posts: 3,066
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Wowza, thought I'd check in on one of my "stupid, but what the hey" stocks today...LNCO +33.85%
Guess that means I'm only down ~9% now :/
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1992 968 Polar Silver 2010 Toyota Highlander SE 2006 Lexus LS430 ML |
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08-27-2015, 01:49 PM
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1974 Porsche 911 3.0
Yellow 911
