between now and christmas

[Griffin]

Does that mean the oceanic is made of monopoly money?.....I think Mike Meyers already did this joke in the Austin Powers movies. Is it up to a hundred billion dollars yet?

 

[Birchtree]

My dear man you should know the oceanic is made of real money - forty years worth of blood, sweat and tears. I will tell you that during the last two days the value has appreciated by $68K and the account is pushing $1.6M. The tugboat is pushing forward also - up a little over $18.5K for the last two days. I set my tugboat goal to increase $125K this year and I might just succeed if this spectacular momentum persists. Good to see you in a solid buy and hold mode with the S fund - you're being creative finally. The last time we saw 30 to 1 up down ratios was in 1982 and that was a heck of a run. This happened 4 times in the 1950s and the average return on the SPX after 12 months was 34.56%. The bigger risk from my perspective is being out, not being invested - that we seem to agree on. Yup, 15,600 by the end of the year would leave me set. I'm trying to eventually catch up to White - he accumulated $20M.

 

[Griffin]

My dear man you should know the oceanic is made of real money - forty years worth of blood, sweat and tears. I will tell you that during the last two days the value has appreciated by $68K and the account is pushing $1.6M. The tugboat is pushing forward also - up a little over $18.5K for the last two days. I set my tugboat goal to increase $125K this year and I might just succeed if this spectacular momentum persists.

Given, that your investment statements are thicker then the LA phone book, I'm suprised (maybe "suspicious" is a more appropriate word) that you know the exact value of your investments on a daily basis.

Here is something you wrote back on May 25th:

Holy sheet Batman that was a $31K hit - I'm still holding out for a $100K month if I can catch a break. Anyway the dividend reinvestments will look better will lower pricing. Just love a south paw in a bull market.

Yet a year ago, you were bragging that the oceanic was sitting at 1.4M

The numbers just don't add up and they never have - I believe your schtick is a fantasy.

About a year ago, you mentioned by ticker, 30 something wall flowers you picked- I ran a quick check on those tickers for 2 mo's, 6 mos' and a year later. While you did manage to pick up two jewels in the bunch, the sum total were underperforming the S&P500.

Wether you care or not is totally irrelevant, but when you make ridiculous claims, they don't go unnoticed. FYI, do with it what you want.

 

[Birchtree]

If you go back and read my previous posts you'll pretty much have my portfolio - everything is updated on a daily basis through my broker - not difficult at all. You can be a suspicious nonbeliever all you want - that doesn't bother me because I'm making the dollars. This last correction took me down over $250K but then again I spent an extra $300K buying all the way down, intentionally intensifying my degree of pain - you see I can endure the pain - you simply have to be right and sit tight - so far so good. During the correction I made 199 individual stock purchases outside of dividend reinvestment. For the year to date I've made 18 selective sales and purchased 501 individual stock positions - would you like to pay my capital gains taxes for this year? I'm simply giving people an inside look at how a low profile portfolio functions. I do a great deal of work to remain creative and my next ride has been planned for years. I don't want to make any more profit this year so I'm trying to sit tight, although I just noticed that one of my stocks (CLC) was down over 5 points this morning - tempts me to go after more. Now with a portfoilo of 226 individual stocks the numbers may not add up for you because you don't have all the information - silly man. But if you continue to pay close attention you will undoubtedly learn a few things and will benefit - there is more to life than your TSP fiduciary account. It does take time to acquire wealth and that is the biggest factor you have on your side. You have to save, save, and save some more - there is no easy route to accumulate wealth. But the equity markets do provide an excellent opportunity if one dares to enter the unruly arena. The oceanic is now coiled and poised to make substantial gains - but I planned it that way. Good to hear from you again. Let's talk more.

 

[Griffin]

Now with a portfoilo of 226 individual stocks the numbers may not add up for you because you don't have all the information - silly man.

Someone asked me if your 15,600 claim was reasonable. Personally, I don't really care what you have to say, but others do read what you write, and I do believe that you should be concious of that and be considerate of what impacts your comments might have.

My purpose for addressing your comment simply served to demonstrate that you can't back any of this up, and there is no basis for your claims other then bravado and ego. Normally I wouldn't wate my time, but I do have an alterior motive driven by recent events.

You are correct, I don't have all the information - you are very careful to keep all the loose ends free so that there is no continuity between statements. That is further evidence that it's all a bunch of hogwash. Why should anyone have to pay CLOSE attention to see the genius in your work? - why can't you throw it out there in one tidy little package? It would be easy to sanitize an html report of any personnel info.

Get personnel, get angry - be nasty - you show your true colors at moments like these. That's healthy for the board to see from time to time. If it wasn't for the "button pushing" you've been doing to various members of the board, I would'nt be pushing your buttons right now.

 

[nnuut]

Hey, I tell people I don't have any other investments and my TSP is about the size of a pissant mound and nobody questions my honesty, works for me!!:laugh:

 

[Birchtree]

Griffin,

I take it you have visited The Lounge - if not please do so. I'm in no way angry or hostile. Would you like a phone # at Merrill Lynch to verify my accurracy? Those that know you know you have a tendency to spew bile and are tenaciously intolerant of others. If you want I'll let you know how much money I'm going to lose today - first thing in the morning. As far as I know no one is following any moves I make - I don't have an Ebbchart. However, I do have a propensity for the Elliott Wave, MCOs and MCSUMs. I'll make my money no matter what anyone thinks - shall I make a list of my 226 individual stocks for you to monitor? And when I finally hit the $2M you'll be first on my list for the announcement. Now, what is the problem with a Dow of 15,600. We are at much higher levels now and bigger numbers will come quickly - just be patient.

As far as the situation goes with Mr.Datsun 2000 - it's his problem. He needs to mature and only time will help him with his impatient proclivities. You on the other hand in role as moderator are only trying to protect members of the board - that's admirable, but I'll remind you again that I don't have an Ebbchart.

 

[Griffin]

I'm in no way angry or hostile.....you have a tendency to spew bile and are tenaciously intolerant of others.

really? - you are aware that "others" is comprised of you and .....we'll, you now that machinist mate has long since departed. :blink:

shall I make a list of my 226 individual stocks for you to monitor?

yes please...... and include the percentage of holding by value (not shares) while your at it.

 

[Birchtree]

Yes, I will admit the machinist mate did bring out my best offensive. And if I recall and if you remember there was a time in the not to distant past that I fondly and politely referred to you as Mr. Malignity - did you think I was being facetious? I'll sling you up a list of my holdings but I don't think I have them categorized by percentages. That would be too intimate - I can't be responsible if some one decided to emulate the portfolio. I'll be back in awhile.

 

[Birchtree]

OK folks here is the Birchtree's list of stocks in the oceanic portfolio - I won't give you the number of shares in each position because a girl has to keep some secrets. Anyone can set up the names and attach any number to the shares and get a rough run of the portfolio volatility. Have fun: remember if you buy any of these you'll be helping me achieve nirvana. Here they are - so many wall flowers waiting to bloom into Queens of Beauty: ABB,ANF,ABM,AYI,AE,AAP,AES,AG,AGU,AIN,ALB,AA,AYE,LNT,ALY,AEE,AME,AEP,AP,ANN,AIT,ILA,ARM,T,ATO,ATW,AVA,AVX,AZZ,BEZ,BAC,B,BBG,BAY,BZH,BMS,BDK,BKH,BMY,BAM,CRI,CX,CNP,CTX,CF,CNG,CEM,CSK,CBI,CZN,CLC,CNH,CXG,CMC,CPX,CRK,CNX,CVG,CPO,CR,CSS,CSX,CFI,DHI,DELL,DDR,DEO,UFS,DHT,DPL,DRC,DW,DMHY,DUK,DY,EP,ELN,EQ,ELX,EAS,EBF,EXM,EXC,EXH,FOE,FE,FLE,FLO,FDP,FBN,GDI,IT,GMT,GE,GWR,GPC,GLT,GPX,GRA,GXP,GB,GBX,GW,HAL,HBI,HRS,HHS,HNR,HVT,HEI,HNZ,HPC,HXL,HD,HRL,HBP,IVZ,JAH,KMT,KG,KEX,KMGB,KOP,KR,KRO,LZB,LG,LMS,LII,LBY,LTD,LNN,LDG,LPX,LZ,LUB,LDL,MCS,MAS,MWV,MLAB,MSB,MDS,MZ,MOS,MOT,MLI,NBR,NSHA,NGS,NAVZ,NFX,NI,NL,NHY,NU,ODC,OLN,OMN,OKE,PBY,PCR,PFE,PVH,POL,PTBT,KWR,RRI,RKT,RDC,RES,RPM,RT,SLE,SGP,SEN,SRE,SHW,SSD,SLI,AOS,SO,SE,S,SMP,SR,SXI,SXC,SPN,SUP,SVU,SYY,TSM,TLM,TSTY,TLAB,TEN,TRA,SNS,TNB,TOC,TWX,TKR,TIE,TRV,TRN,TWIN,UGI,UDRL,VHI,WAB,WB,WPP,WMK,WLM,WR,WGL,WLL,INT,WOR,DNP,MSE,APU,APL,PVR. That is the list that is coiled to make me several $M over the next three years - believe it or not. Griffin, what you do with it is your business but I hope you can have fun at least.

 

[Spaf]

Wow!

We now have a NEW market: The BT-300!........

 

[Spaf]

I guess it was a little over a year ago we had a member that was very rude and insulting! Very!
Well it was Griffin and Burchtree that defended the message board and the position of most members.
You see I remember!.........

Thanks guys!

BTW: BT where did you put that "daisy cutter" I can't seem to find it?

 

[Birchtree]

My oceanic portfolio gave back $10K yesterday - don't cry for me Argentina. Today looks like a nice open with the possibility of serious money being made. A 10% Dow move from here is 15,600. Since the 1950s every time there has been a 30 to 1 up down volume move there is usually one more to arrive within 4-6 weeks - if that happens the SPX on average was up 9.87% in 3 months, 17.85% 6 months later.

 

[Bullitt]

If you build it they will come. Say hello to our Northern Neighbors. Their habits aren't hurting our economy.

http://www.wkbw.com/news/local/11100641.html

 

[James48843]

Nice.

Perhaps they'll bring some Molson's down for trade, Eh?

 

[budnipper1]

Nice.

Perhaps they'll bring some Molson's down for trade, Eh?

:nuts:
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[coach222]

Anybody know where I can get a convertible bond with an 11% yield?

Sounds like "junK" to me.

 

[coach222]

Wonder who the government will find to finance NEW mortgages.

If government can "arrange" to cut the risk premium at will, who will be willing to buy mortgage bonds?

Don't price controls create shortages? I seem to remember something like that from Econ 101.

Hmmmmm...

 

[nnuut]

Wonder who the government will find to finance NEW mortgages.

If government can "arrange" to cut the risk premium at will, who will be willing to buy mortgage bonds?

Don't price controls create shortages? I seem to remember something like that from Econ 101.

Hmmmmm...

The one that get their rate frozen won't have to refinance. The ones that choose to refinance to a fixed rate, or other type of mortgage, I don't know, but I would think it will be with the same mortgage holder!

 

[coach222]

I was really only discussing new bond issues not existing bonds. But, if I were an ARM bond holder, I would seriously consider selling the bonds at a fire sale (even further erosion of home value) if the risk exceeded the ROI or if this "solution" only postpones the foreclosure.

I currently hold several mortgage bonds (all fixed at different maturity dates). I get paid interest based on the risk and maturity, But if I knew the "government" was going to interfere with the terms of those bonds (n/a in my case...yet...) I wouldn't have purchased them in the first place. The "government" is overriding my risk premium.

By fixing the interest rates (price control) they have taken away the premium for holding the bonds. Without that risk premium, I won't be purchasing any more bonds (shortage of bondholders). A shortage of bond holders equates to a shortage of money available for mortgages.

Econ 101 - price control = shortage

This solution won't fix the problem unless bond purchasers are willing to accept lower returns (more risk) for the money they are lending.