Birchtree's Account Talk

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Re: Birchtree's account talk

We need one more white soldier today to make life interesting - can you feel the anxiety levels out in the hinterlands of the investment community rising. Soon it will be get me in at any price.

"An avalanche of cash is set to slide....once this glacier of assets, frozen in cash equivalents, starts to thaw we may see a flood of liquidity unlike anything ever seen before - and a real spike in value of certain asset classes."

http://[[financialsense.com/fsu/editorials/dancy/2009/0601.html
 
Re: Birchtree's account talk

BT, that article sounds like roulette.:)
Stay tied to the dock or put your orr's in the water, either way your just hoping.
 
Re: Birchtree's account talk

Looking back over the last twelve weeks plus one day I'm ahead by $487K - that's the pain of being fully long on the March bottom. I'll be glad when I transfer my oceanic account to BAC and get access to margin dollars - then I'll continue to buy myself into happiness.
 
Re: Birchtree's account talk

Some turbulence in the last hour could be fun for those getting in COB. Let's hope for at least an 80 point Dow gain.
 
Re: Birchtree's account talk

Birchtree said:
Some turbulence in the last hour could be fun for those getting in COB. Let's hope for at least an 80 point Dow gain.
Click to expand...

Bman,

Working Group on Financial Markets (PPT) didnt Bang the close today? Got all the shorts out after lunch.

snort..nort..ort..rt.t....gag
 
Re: Birchtree's account talk

Birch, all I'm concerned about is that Jupiter-Neptune conjunction cycle of which Mr. Merriman speaks.
 
Re: Birchtree's account talk

History teaches that only contrarians are consistently successful. Jupiter and Neptune are normally very optimistic and hopeful about the future. The conjunction will last through mid-July. Better days lie ahead as a generic comment when both the equity and credit markets are healing in simultaneous fashion. So far we've had a rather nice stock market recovery and not an economic recovery. The stock market moves first and then the data follows.
 
Re: Birchtree's account talk

I have a truck load of dividends being paid this month. Yesterday there were 13 dividends that hit my account and today there will be another 7 due to pay - so any sideways movement this week will be my small blessing. Anytime you can reinvest at a lower price is an advantage because the income stream increases for the next time around. I wouldn't even mind the sacrifice of getting just one more $10 range price on the C fund before we move solidly into the $11 range.
 
Re: Birchtree's account talk

When will the 50 day on the SPX currently at 868.53 cross the 200 day currently at 925.15? It's moving up fast and I suspect we'll be there by the end of this month - just in time for me to start utilizing margin benefits. I'm going to concentrate on dollar cost averaging my current positions and adding more positions as we move upward. I will be a dip buyer picking up income as we go. We'll probably have a Dow Theory buy signal by then also. I always enjoy a bull market to gain wealth. Snort.
 
Re: Birchtree's account talk

I wish I could be a dip buyer today - this is perfect to dollar cost average into. But currently I have no money unless I sell something, which I'm not inclined to do at this time. I'll just have to be patient until my oceanic account is transferred to another format. Then I'll be rolling in dangerous margin dollars for the rest of the bull market.
 
Re: Birchtree's account talk

I have noticed where the infamous Baltic Dry index jumped 11.6% on Tuesday, to over 4100 points, its 22nd consecutive day of gains. Lots of ships waiting to load up in China. Now if we could knock off another $0.38 from the 100% I funders - that would help reduce some of my overhead traffic.
 
Re: Birchtree's account talk

Birchtree said:
I have noticed where the infamous Baltic Dry index jumped 11.6% on Tuesday, to over 4100 points, its 22nd consecutive day of gains. Lots of ships waiting to load up in China. Now if we could knock off another $0.38 from the 100% I funders - that would help reduce some of my overhead traffic.
Click to expand...

Double Snort !!!
 
Re: Birchtree's account talk

I'm beginning to think all the sidelined money is getting nervous - worried that a strong summer surge will leave them gawking with neck strain. There are 10,000 hedge funds that are terribly underinvested and their anxiety levels are being elevated on a daily basis. They all clucked out last fall and created much collateral damage and pain for other investors - it's only fair that they now be punished for their indiscretions. Be strong and stay long for a generational ride back to SPX of 1300. Money makes the world go 'round and there is plenty of liquidity available. Jobless claims are down again and productivity is increasing - today could preempt the non-farm payrolls - so watch some fire power kick in this afternoon. I need to make $29K today to make up for yesterday. Give me tenderness.
 
Re: Birchtree's account talk

It would appear to me that the capital preservation crew has lost their lustre. I'm referring to our premium service folks that include #181 Ebb, #157 RevShark, #138 Trader Fred. My question is how much longer will they be satisfied to sit on the ice block? The good folks that are following these fine services have missed the train - the pulling power is only going to get stronger. Maybe they'll be good contrary indicators. I'm not being critical but this is a classical play on fear - those days are over. Snort. Me, well I'm in the secular bull camp all the way to happiness.
 
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