Any "Latest & Greatest" about Delta?
09-14-2011 | 05:50 PM
At home on the maddog!
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From: Retired (mandatory age 65)
You misunderstood my use of the word manipulated. If you traded 3x etf's you would understand.
Snider method is fine for a "method"...you never lose money because you never sell dogs. Problem is those dogs can be losers for years or go out of business. Putting dogs in "winter," code for stocks you'd take a loss on if you sold, is just lost opportunity.
Not dogging snyder, there are people who need a method or they'd never take control of their own finances, just not at all the thing for me.
Snider method is fine for a "method"...you never lose money because you never sell dogs. Problem is those dogs can be losers for years or go out of business. Putting dogs in "winter," code for stocks you'd take a loss on if you sold, is just lost opportunity.
Not dogging snyder, there are people who need a method or they'd never take control of their own finances, just not at all the thing for me.
09-14-2011 | 05:51 PM
Line Holder
Joined: Sep 2007
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At least the pilot didn't eject
09-14-2011 | 05:51 PM
At home on the maddog!
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From: Retired (mandatory age 65)
Hanging on to DAL stock waiting for it to get to $X.XX is like the AA pilots negotiating strategy. It's all about opportunity cost. You can take that money the DAL stock sale generates and do something else with it right now that will have a greater probability of success sooner. Why wait six months, two years, or five years to get to some arbitrary target?
Why would you have your retirement eggs in the same basket as your paycheck? Get rid of it yesterday. It's never a gain until you sell it and put the money in your pocket. Most people can't stand to take gains. They end up riding a stock up and down a half a dozen times. They justify their inability to take gains by saying they are "long term investors." DAL is a bad long term investment. Airlines are bad long term investments. Airline stocks are trades. There's a difference.
You should never invest in the company who writes your paycheck. Never, never, never. Did I say never. Now trading options for fun in DAL is another matter entirely and it is not for the faint of heart. If you know what you are doing, it's okay. Still, I wouldn't do a lot of it. Only with money you can afford to lose.
So, bottom line is this: You should have sold a long time ago and moved on.
Why would you have your retirement eggs in the same basket as your paycheck? Get rid of it yesterday. It's never a gain until you sell it and put the money in your pocket. Most people can't stand to take gains. They end up riding a stock up and down a half a dozen times. They justify their inability to take gains by saying they are "long term investors." DAL is a bad long term investment. Airlines are bad long term investments. Airline stocks are trades. There's a difference.
You should never invest in the company who writes your paycheck. Never, never, never. Did I say never. Now trading options for fun in DAL is another matter entirely and it is not for the faint of heart. If you know what you are doing, it's okay. Still, I wouldn't do a lot of it. Only with money you can afford to lose.
So, bottom line is this: You should have sold a long time ago and moved on.
09-14-2011 | 05:57 PM
veut gagner à la loterie
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From: Light Chop
09-14-2011 | 05:59 PM
The Brown Dot +1
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From: 777B
FYI, your post demonstrates a lack of correct understanding of the method and its objective. But hey, I'm not trying to convince you (or anyone else) that Snider is "the thing." I was just pointing out that not all people investing in individual stocks are being manipulated as you stated, and I used what I'm doing as an example. Sorry if I misunderstood what you were saying.
My post wasnt intended to ding the method.
Manipulation in the market is not very visible when you are trading individual stocks. It is pretty clear when you are trading etfs.
Suffice it to say, news does not move the market, news follows the market. The movement that comes after the news is out is traders that have already missed the boat...manipulation.
One more point. For about the past two years, the market has traded technically...Traded almost strictly on technical indidicators. Without a complete understanding of technical indicators, you might as well go to the craps table because all you are doing is gambling. The market downturns are a result of the effects of overprinting of money "crapping" out. If there is no stimulus, the market would almost certainly implode.
I dont know how the snyder method makes big gains, my (basic) sense is that it aims to mitigate risk while also producing a budgetable "income," kind of like an annuity or 15 rental houses. My aim is to make big gains, consistently, with the goal of completely extricating myself from the citizen/slave dream. At some point, the dollar will be dethroned. The process will be methodically slow, but if you arent paying attention it will seem to happen overnight. The question is, how do you want to be positioned when the dollar becomes the ruble (of the early '90s).
Sorry for the pontification in the last paragraph, it wasnt my intent, but I decided to leave it in.
Last edited by scambo1; 09-14-2011 at 06:22 PM.
09-14-2011 | 06:10 PM
At home on the maddog!
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From: Retired (mandatory age 65)
09-14-2011 | 06:27 PM
seeing the country...
Joined: Oct 2006
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From: 73N A
Huh. Well - the first step is to call scheduling and ask them. If you don't get the response you want, call ALPA. They are usually pretty good about figuring stuff out.
09-14-2011 | 06:44 PM
Gets Weekends Off
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From: 737A
That is hilarious... Do you have any idea how old the video is? I'm going to have to call some buds and get the scoop on that one. Looks like Eielson AFB up by Fairbanks. The wing commander up there is one of my least favorite people in the world.
09-14-2011 | 07:15 PM
At home on the maddog!
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From: Retired (mandatory age 65)
I dont know how the snyder method makes big gains, my (basic) sense is that it aims to mitigate risk while also producing a budgetable "income," kind of like an annuity or 15 rental houses. My aim is to make big gains, consistently, with the goal of completely extricating myself from the citizen/slave dream. At some point, the dollar will be dethroned. The process will be methodically slow, but if you arent paying attention it will seem to happen overnight. The question is, how do you want to be positioned when the dollar becomes the ruble (of the early '90s).
Sorry for the pontification in the last paragraph, it wasnt my intent, but I decided to leave it in.
Sorry for the pontification in the last paragraph, it wasnt my intent, but I decided to leave it in.
I'm also pretty risk averse. So shooting for the stars (and the risk that accompanies that) is not something I want to do with my retirement portfolio.I'm curious. How does investing in ETF's get you out of the dollar? And what do you envision getting into if things unfold the way you believe they will?
09-14-2011 | 07:34 PM
The Brown Dot +1
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From: 777B
The objective of the method is to make a consistent 12% (annual) cash flow yield on the stake in the account. For the 6 1/2 years I've been doing it, this is exactly what I have experienced. I don't know how you define "big gains"... but a consistent 12% annually over the long run is pretty darn good. I think it does this with a fairly conservative balance of risk and reward. But that's just my opinion. I'm a pilot... so take that FWIW! I'm also pretty risk averse. So shooting for the stars (and the risk that accompanies that) is not something I want to do with my retirement portfolio.
I'm curious. How does investing in ETF's get you out of the dollar? And what do you envision getting into if things unfold the way you believe they will?
I'm also pretty risk averse. So shooting for the stars (and the risk that accompanies that) is not something I want to do with my retirement portfolio.I'm curious. How does investing in ETF's get you out of the dollar? And what do you envision getting into if things unfold the way you believe they will?
Fair questions that when I wrote what I wrote, I knew would be coming. I dont want to really go down that road on this thread, but your annual target is closer to my bi-weekly target.
Your last paragraph is honestly something I am trying to get my own brain around. Guns and bunkers arent the answer. Owning large land tracts which will likely become nationalized (by raising property taxes- to pay for overbloated local services-to the point that even the rich cant afford to pay them) isnt the answer. Physical gold? some yes, but not enough to have the door knocked down over...gotta be federally licensed now to do it legally...thanks tarp2. I was going to buy a 65' live aboard catamaran a few years ago as an escape vessel, but figured if the place really melted down to that extent, I'd just hop on the nearest one I saw.
Like I said, still working on it.
Anyone got any ideas.
Got a question for you. How long til the market tanks due to the euro meltdown without a trans-national consensus bailout plan?
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