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alsobirdman

alsobirdman
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  • Beware Of Bond Yield Traps [View article]
    Nice strategy, C John. I've done something similar with my 401K ever since 2007. Back then, when we got above 12,000 Dow I started thinkning we might be near a top. I started moving money out of my equity funds into cash. Did so all the way to 14,000. Then I waited. I moved back in too soon, at about 10,000, but I still ended up with a LOT more shares of the same funds than I had before. Did the same thing again last year when we went above 11,000 all the way to 12,400. In August I bought on the big panic days and now will do the same thing when (not if, but when) we get back over 12,000. Hopefully that will not happen until I get the yearly distributions on all those extra shares I now own :-).

    When everyone in my office is crying about the market being down, I just smile. BTW, still keeping a good chunk in cash just in case.
    Oct 16 01:21 PM | 1 Like Like |Link to Comment
  • Axion Power Concentrator 15: Beginning October 8, 2011  [View instapost]
    John,

    Thanks for the link. I love it how any time someone, including you, point out the silliness of the tax credit (and also the vehicles themselves) for EV's, the responses all turn into a partisan showdown of "it's your fault", "no, it's you fault", rather than responding to the facts.
    Oct 16 01:04 PM | 2 Likes Like |Link to Comment
  • 5 More Reasons To Believe In A Year-End Market Rally [View article]
    Abe,

    Yep. You are right. I laugh at one of my buddies who for the last three years has been telling me there is going to be a double-dip so he is waiting for that before buying anything. Every time we talk I hear "I saw on CNBC that..." or "Cramer says....". In the meantime, I have been buying on the panic-selling days and selling into the rallys and making money. For now I am holding because when I hear a lot of bearish talk from the masses, it usually means markets are going higher.
    Oct 14 12:30 PM | 1 Like Like |Link to Comment
  • Gold: On The Threshold Of The Greatest Bubble in History [View article]
    Great interview, Jeff. Thank you. Like Mike, I am not a gold bug. I am just taking advantage of what is being offered at this time. I did it back in 1980 and I'm doing it again. I am only about 20% gold mining stocks (was 25% before this week, LOL), but figure that will be 50% by this time next year if I am lucky. I'm looking for 3:1 Gold:Dow ratio before it's over.
    Oct 7 06:22 PM | 1 Like Like |Link to Comment
  • Axion Power Concentrator 14: Beginning Oct. 4, 2011 [View instapost]
    Yep, that's the quote. I was swimming in my own blood it was so deep.

    JVW - I sent you a message
    Oct 7 12:47 PM | 1 Like Like |Link to Comment
  • Axion Power Concentrator 14: Beginning Oct. 4, 2011 [View instapost]
    Same here, Maya. It's a sickness, LOL. I have the same thing going on with another of my long-term holds. Great potential, solid management team (which is number 1 on my reasons to buy once I'm certain of the sector's potential) and solid future market for the product. Someone recently decided to dump at a price well below my average. So, I bought some more. You know, "when there's blood in the streets..."
    Oct 7 08:56 AM | 2 Likes Like |Link to Comment
  • My Response to the Market Plunge? Buy [View article]
    I agree with 747 since I am always looking for value. When everyone is panic-selling, there is long-term value available and it is always good to have more input to consider.
    Oct 7 08:41 AM | 1 Like Like |Link to Comment
  • Axion Power Concentrator 14: Beginning Oct. 4, 2011 [View instapost]
    Today I finally finished building the position I have wanted in Axion by adding some more @ .47. Brings my average down under 62 cents. God, I wish I had a crystal ball. Hate to see the price, but glad to get them. On a day like today I have to look for happiness anywhere I can get it. I like panic-selling for in-and-out plays, but sure hate it when my longs are affected. The portfolio is looking mighty bad today.
    Oct 4 05:09 PM | 4 Likes Like |Link to Comment
  • Axion Power Concentrater 13: Beginning Sept. 26, 2011  [View instapost]
    Good for you, Maya. I need to learn to be more patient. I also need to stop watching the daily action on my speculative portfolio. It's not good for the blood pressure.

    I just don't understand why someone would sell @ .46, when it seemed to be holding steady in the .54 range.
    Sep 30 10:27 AM | 3 Likes Like |Link to Comment
  • Axion Power Concentrater 13: Beginning Sept. 26, 2011  [View instapost]
    Hello y'all,

    I've been lurking here in Maya's instablog for a bit, and I really appreciate all of your insight. I have posted on a few of John's articles and certainly appreciate his knowledge and candor.

    I first bought Axion @ about $2, rode it down to $1.25 before selling and then started buying back in @ .50. Bought more on the way down after the spring spike and just bought another 10K @ .54. Figured I would get ready in case NS does come through with an order. I have a pretty good position now with an average of about 63 cents.

    Keep up the good work.
    Sep 28 12:32 PM | 3 Likes Like |Link to Comment
  • Energy Partners Ltd.: A Stealth Shelf Oil Growth Player [View article]
    Thanks for the information. I made some money trading this just before the BK and then it fell off my radar. I'll take another look
    Sep 21 05:15 PM | Likes Like |Link to Comment
  • Magnum Hunter: Small Driller With Huge Potential, Hidden Assets [View article]
    Agree that MHR has big potential. I wish I had a time machine and could go back and buy more of the shares I bought at 30-some cents. The only concern with the Marcellus shale areas are increasing reistance by the public to the real or imagined dangers of hydro-fracking. I live in NY in a Marcellus area and that is a hot topic here.

    Another small company with potential I am following is Daybreak Oil and Gas in California.
    Sep 21 04:50 PM | Likes Like |Link to Comment
  • 10 Commandments For Dividend Growth Investors [View article]
    U, Thanks for your comments re: IBM. I'm interested since IBM is the company my firm chose to out-source my job to. IBM offered me a job doing the same thing I do now at the same salary. Sounds good but considering the benefits, vacation, bonus etc. it was actually a pretty good cut in pay. I declined and said I wanted more $$. Haven't heard from them yet. A couple other firms have offered me more $$ so not too concerned. I'm lucky in that my expertice is in short-supply and high-demand.
    Sep 21 09:07 AM | 4 Likes Like |Link to Comment
  • 10 Commandments For Dividend Growth Investors [View article]
    Dave,

    Great article. I've been lurking in the Income section here more and more. I'm being out-sourced out of my job, and at 54 consider myself very lucky that thanks to starting to save for retirement at 22 I am in a position to do just that.

    To that end I am trying to learn more about D and G investing. Most of my assets are currently in company 401K mutual funds but next year I'll be able to access that.

    Used one (maybe two?) of your commandments 3 years ago when my son was 17. Started sending just $50 per month to PG's direct investment plan. Told him that as long as he kept good grades and stayed out of trouble I'd keep funding it. It's amazing how fast it is growing and it won't be too long before the dividends start buying more than fractional shares. It's been a great learning tool for him as well.
    Sep 19 07:46 PM | 8 Likes Like |Link to Comment
  • 6 Signs of Market Capitulation [View article]
    LMAO, American. Yes, I suppose we could very well please the pessimists at some point, and I believe we will see more panic selling, but yes the key is to buy cheap when everyone else is scared.

    Reminds me of a close friend. Put $400K in SSO at $18 in early '09. Then sold it at $17 because he thought the world was ending because all the experts said so. In April of '09 I told him to get back in because everyone was saying we were headed to a double-dip. I figured that meant we would be headed up. I started buying stocks and it has worked out very well.

    He never took my advice and SSO hit $56 since then.
    Sep 17 09:51 AM | Likes Like |Link to Comment
COMMENTS STATS
341 Comments
236 Likes