fib_1618
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Registered: 11/29/04
Posts: 2,608
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| | 07/28/10 at 12:18 PM | Reply with quote | #1 |
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As per our chat discussions of the last 2 weeks, the market now appears to be running on all cylinders and in gear to the upside. Tuesday's and Wednesday's pause in the action has allowed many indices to snapback to or toward their EMA breakout areas, so the following (initial) allocation switches would seem to be prudent at this time:
20% long the Russell 2000 via UWM.... .23% dividend (growth play)
10% long the utility sector via XLU... 4.31% dividend (value play)
10% long the consumer stapes via XLP... 2.77% dividend (value play)
10% long the industrial sector via XLI... 2.36 dividend (value play)
10% long the materials sector via XLB... 1.92% dividend (value play)
This will leave me with a 40% cash position.
Orders will be placed at 15:30 eastern and posted later to provide fairness.
Updates and changes to these initial switches will be made when warranted.
Fib
__________________
"As for it being different this time, it is different every time. The question is in what way, and to what extent"
- Tom McClellan
"An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan
"What we see depends mainly on what we look for" - John Lubbock
“Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977
"You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977 |
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fib_1618
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Registered: 11/29/04
Posts: 2,608
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| | 07/28/10 at 12:46 PM | Reply with quote | #2 |
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Executions as follows:
UWM @ 29.69
XLU @ 31.00
XLP @27.27
XLI @30.23
XLB @31.83
I also added a 10% position in XLK... 2.77% dividend @ 22.20
This now leaves me 30% in cash.
Fib
__________________
"As for it being different this time, it is different every time. The question is in what way, and to what extent"
- Tom McClellan
"An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan
"What we see depends mainly on what we look for" - John Lubbock
“Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977
"You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977 |
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fib_1618
Moderator
Registered: 11/29/04
Posts: 2,608
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| | 08/02/10 at 10:56 AM | Reply with quote | #3 |
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With today's breakout above the June highs, I am adding:
10% long the Dow via DDM at 45.63...1.35% dividend
This now leaves me at 20% cash.
Fib
__________________
"As for it being different this time, it is different every time. The question is in what way, and to what extent"
- Tom McClellan
"An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan
"What we see depends mainly on what we look for" - John Lubbock
“Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977
"You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977 |
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fib_1618
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Registered: 11/29/04
Posts: 2,608
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| | 08/09/10 at 10:11 AM | Reply with quote | #4 |
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Due to the improving internals, I'm adding a precious metals stock to the portfolio:
10% long IAG at 17.83... .30% dividend (growth play)
This now leaves me at 10% cash.
Total portfolio value up 1% since inception.
Fib
__________________
"As for it being different this time, it is different every time. The question is in what way, and to what extent"
- Tom McClellan
"An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan
"What we see depends mainly on what we look for" - John Lubbock
“Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977
"You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977 |
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fib_1618
Moderator
Registered: 11/29/04
Posts: 2,608
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| | 08/20/10 at 09:07 AM | Reply with quote | #5 |
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Because of triggering our selling parameters mentioned in Thursday's chat, within the hour, I will be selling off the portfolio.
I will post the final numbers once all is sorted.
Fib
__________________
"As for it being different this time, it is different every time. The question is in what way, and to what extent"
- Tom McClellan
"An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan
"What we see depends mainly on what we look for" - John Lubbock
“Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977
"You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977 |
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fib_1618
Moderator
Registered: 11/29/04
Posts: 2,608
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| | 08/20/10 at 09:43 AM | Reply with quote | #6 |
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Final sales as follows:
DDM @ 41.77 - down 8.5%
IAG @ 17.91 - up .5%
UWM@ 25.50 - down 14.1% (ouch)
XLB @ 31.21 - down 1.95%
XLI @ 28.91 - down 4.4%
XLK @ 21.27 - down 4.2%
XLP @ 26.66 - down 2.2%
XLU @ 30.30 - down 2.2%
Total loss for this allocation: down 4.7%
Probably the poorest allocation in quite some time...it happens...onward.
Fib
Oh yea...now that I'm out...the market can go right ahead and bottom. 
__________________
"As for it being different this time, it is different every time. The question is in what way, and to what extent"
- Tom McClellan
"An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan
"What we see depends mainly on what we look for" - John Lubbock
“Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977
"You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977 |
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