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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Fintas who wrote (2281)11/19/2014 11:19:37 AM
From: Kirk ©  Read Replies (1) | Respond to of 26800
 
Thanks for the kind words and support.

It interesting that even with the market making all-time highs with two of my three largest holdings up 33% and 44% YTD, my other largest holding is down 30%. Three stocks are down 30 to 34% while one is up 122%. It gives great opportunity to take profits when TA is saying to sell some... or price targets based on resistance are met... to buy others that are down when they hit support and/or the short-term TA says buy.

GE is another big one lagging (down 4.4% YTD) that I believe you spoke positively about.
I haven't had time to draw the wedge and update the dividends on this chart for my newsletter, but it looks like a breakout of a bull flag. I believe it was near the very lows of the 2009 bear that I bought more GE and FNSR

Those were by no way my only buys, but I recall I was finally a bit "anxious" with all the talk of bank failures and my girlfriend closing out her CDs at Wachovia and the bank Chase eventually bought... and paying the penalty to not be above FDIC limits or lose access to her funds for months or years if there was not a smooth transition.

We quickly forget just how damned scary it was and how lucky some of us were to have a good system in place to not panic out. So many I know (who don't subscribe!) sold in late 2008 and early 2009 and I believe they are still out of the market for the most part.