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Registered User
Joined: 1/6/2005
Posts: 2
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I've got a retirement account which is cash purchase only. No margin, no shorts, no options. So I've moved into Worden recommended stocks (including CMGI arrgh) and cash. Any other ideas of what I can do with the cash in the stock market?
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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The Wordens may comment on certain stocks from time to time, but their comments should never be taken as recommendations. We are not in a position to offer investment advice.
I will move this to the Stock and Market Talk forum, where others might share ideas with you. You might also consider reading the posts that are already in that forum, as you may pick up some ideas.
Your best move, if you're wanting to make your own stock decisions, is to learn how to use tools like TC2000 and learn as much as you can about the technical indicators. This will help you be better prepared to make decisions based on your own research and insights.
- Doug
Teaching Online!
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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...and remember that the charts that the Worden's feature are shown as teaching tools to make you a better technician. When they like a stock and comment on it you will want to look at it yourself. Do you like it too? If so, why? If you decide you like it FOR YOUR OWN REASONS you will then have to decide, if you were to open a position, what you would need to see in order to close it. What will be your exit strategy?
- Craig
Here to Help!
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Registered User
Joined: 1/6/2005
Posts: 2
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Gosh, I didn't mean to upset you. Let's see, you are saying If Mr. Worden says something is a "great long term investment candidate" he's not recommending it, that I should be better prepared and plan my exit strategy better. Okay. I'll take that in. But that doesn't answer my question.
My question is, forgetting for a moment about my preparation and my strategy, is there a vehicle that one can purchase long on a cash basis betting on a down NASDAQ?
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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QUOTEGosh, I didn't mean to upset you. Let's see, you are saying If Mr. Worden says something is a "great long term investment candidate" he's not recommending it, that I should be better prepared and plan my exit strategy better. Okay. I'll take that in.
I regret if we came off as being upset. That could not be farther from our intent. We only want you to understand the purpose of the notes and videos that Peter and Don Worden make. We would hate for you (or anyone) to use them blindly. I believe 'candidate' is the key word in your quote of Mr. Worden.
QUOTEMy question is, forgetting for a moment about my preparation and my strategy, is there a vehicle that one can purchase long on a cash basis betting on a down NASDAQ?
I only know of using options or shorting for this. Perhaps someone else out there can offer a vehicle that one can buy (go long on) that increases in value based on a bearish NASDAQ.
- Craig
Here to Help!
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Registered User
Joined: 10/7/2004
Posts: 2,126
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With an account of that nature you must think of longer term investment. Forget about trading. In a market as it is now, declining - stay out.
You must also know that your account probably has the 3 day settlement condition. Therefore you must way 3 days between transactions.
Not much you can do there as far as I know.
Good luck. 
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Registered User
Joined: 12/30/2004
Posts: 9
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I notice that the fundamentals are listed for the stocks.Do these fundamentals change as price changes or are they the last quarters fundamentals or the last reported quarters fundamentals
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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The fundamentals are updated every Saturday with the most recently released information. Typically this is the last reported quarter's information for data that is reported quarterly. For things like P/E ratio, you can expect weekly updates.
- Craig
Here to Help!
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Registered User
Joined: 12/19/2004
Posts: 415
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QUOTE (Tacomat) I've got a retirement account which is cash purchase only. No margin, no shorts, no options. So I've moved into Worden recommended stocks (including CMGI arrgh) and cash. Any other ideas of what I can do with the cash in the stock market?
All of the retirement accounts that I have ALLOW selling covered calls, you might want to check with your broker as you may not have been offered that opportunity when you signed up.
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Registered User
Joined: 10/17/2004
Posts: 43
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You can purchase several Rydex mutual funds which are designed to give an inverse performance to various indices in your retirement account. Be careful because like all mutual funds you cannot get out as quickly as you'd like and they can hammer you. They are RYAIX - designed to give you the inverse performance of the NDX--X; RYURX - designed to give you the inverse performance of the SP-500; RYTPX - designed to give you 2X the inverse of the SP-500; and RYVNX - designed to give you 2X the inverse of the NDX--X. To clarify RYVNX will go up 2% for every 1% fall in the Nasdaq 100. The Rydex website will also give you funds that are designed to perform in the same direction 1-2X the indices. Remeber the slowness to move funds though and check what your broker may charge if you trade quickly. However they can be used to play a bear move or to hedge market activity. I am in RYVNX in my IRA's (up 8% over the last week or so)but in my company 401K without that option I am just in cash until this market clears up. Remember that even good stocks fall in a bad market. Also remember market corrections are wonderful if you keep your capital because corrections are when you can spot the strong stocks.
Good luck.
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