Birchtree's Account Talk

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Buy often and always buy early. Just finished buying some more margin protection with: GT and GRA. Perhaps tomorrow will give me more buying power - buy'em when no one else dares. That's how you make money.
 
Kenneth Fisher says; "Whenever we've had a huge bear market decline and then a positive 12 months, the subsequent 12 months after that have almost always been nicely positive. History's telling us, with the non-U.S. world pulling us along, we're probably going to have a positive year in 2010."
 
Birchtree said:
Buy often and always buy early. Just finished buying some more margin protection with: GT and GRA. Perhaps tomorrow will give me more buying power - buy'em when no one else dares. That's how you make money.
Click to expand...

Congrats. on another green day BT, hanging tough.
 
Nordic,

According to Kudlow we are experiencing a Scott Brown rally with the bull looking to November for grid lock. Obama is a talking lame duck. Yes, change is coming to America and the market approves. More gains ahead I suspect.
 
Just don't let that VIX go below 20 for too long, because then you're going to have to start cutting back on that S Fund.
 
I hope I have at least a $17 price when I pull off 5%. Maybe a drop below the 18 level will work.
 
Morning Birch,
I thought it would be fun if you used a thick Australian Accent today ~~ especially if the Markets go really bad...

like.... who givs a rutt's auss

For some reason it would be cool to have that in my memory coming from you.

So I could see you and the Full Bird hitting it off -- would think he would display a lot of solid character ...

I was kind of concerned about Mindy Lou -- you know she hates feeling trapped and she's got quite a temper and all ...

Oh yeah, and you mentioning how Buzz said something about you being a great guy ... I've got to admit .... when I been traveling around over the past few years ... whenever I see the name Birch ... it always gives a Positive Feel.

Well I guess we're taking everyone to the Top of the Cliff today. When do we surprize them all :rolleyes: ... early tomorrow morning ..:sick: ... or should we wait a day or two ?
 
"The analysis conclusions are highly supportive for the stock markey during 2010 and probably beyond as corporate earnings continue to play catch up to the stock market price trends with institutions and large speculative funds continuing to dump cheap money into the stock market and other speculative assets having been driven out of low yield assets, therefore driving prices higher whilst the small investors are left to follow the permabear crowd that are perpetually expecting a break of the March 2009 lows as though it is a done deal."

http://www.marketoracle.co.uk/Article16948.html
 
CEO John Chambers of Cisco says "he sees a clear indication that we are entering the second phase of the economic recovery."
 
Birchtree said:
Let me tell you all a story. I've been looking for property in Western N.C. for the last three years. I'm interested in lake Glenville or a place called Chinquapin. Until I was there last week there had never been a price drop - now let me tell you that reality has settled in the area finally. All lots have been reduced over $200K each and the four bedroom two bath lake place I checked over has been reduced also.

Birch, I'm really thrilled for you. The prices are still out of most people's reach -- but that's good because it keeps the area exactly the way you need it.

No one dares to buy in this recession environment - but this may be my opportunity to sift the bottom of this realty market. I'll be making another trip later this summer to see how the situation is going.

It's hard for me to get too excited without knowing how the wife feels about it. I mean do you really honestly know how she feels ??

I also doubt the prices drop much lower Birch -- they have to keep the area 'upscale' - 'exclusive'

Location is everything Birch -- especially a place like that


If money is available property is waiting.

Don't be crazy Birch - you know the money is there; it's what the hell you've strived so hard for and so long for over the years.

The wife and I had dinner in a menmbers only club and ran into six young ladies who worked local. One was a banker, one was a realtor, one was married to a home builder - you'd be surprised how much information you can gather from a group like that. ;):D

Ooooh Birch -- you're something else ... trust me ... those ladies were sizing you and your wife up ... and finding out just as much as you. So what does Honey bumpkin think ??

They openly talked about the economic slow down and the number of summer homes that were coming on the market - the young banker mentioned an increase in foreclosure offerings - that made ears perk up.

Just make sure it doesn't wind up like a ghost town -- having a lot of empty places could force the Trans and BIs in :worried: -- maybe some crazy with a 'cat' fettish.

So I'm rather confident I'm going to end up in Cashiers, N.C. at some point - even if I have to buy just for the summer until my wife decides to retire.

She's got a Goldmine too Birch --

Please give me some details about this place -- that's the whole reason I even came here this morning.

I'm dying to know the square footage -- property size -- attached garage -- 4 bedrooms ... how many baths ... and all the other stuff.

I told her once my oceanic reaches X amount of dollars she is going regardless and has kindly agreed if I can reach those numbers she'll retire. I'm going to buy myself into happiness the rest of this year.
Click to expand...

It all sounds great Birch -- but please give me more details about the Lake and the Area too. :)
 
I'm reminding myself today it's very important to not get overly pessimistic about the mid term or longer term based on the near term action. I just hope we create a positive divergence on the daily charts - it's touch and go right now. As Nadeem Walayat says; "We are in the overwhelming bearish commentary phase that frightens and keeps all but the smartest money out of the market. Corrections are for accumulating if you have the courage. The primary purpose of analysis is to generate market scenarios that have a high probability of success for the primary purpose of monetizing on these trends that are usually contrary to the consensus." There will be no backing up on my part. Hit me with your best shot.
 
"Since 1950, there were only six-times when January got it wrong in a big way, giving it an accuracy rate of 90%. However, in 2009, the January Barometer went terribly awry, and its reputation was badly tarnished. Although the S&P 500 suffered an -8.5% loss in January 2009, (now at 6.7%), portending another year of negative returns, quite the opposite occurred. The S&P 500 index finished the year with a 23.5% gain, following a spectacular 65% rebound from its bear bottom."

http://www.marketoracle.co.uk/Article17013.html
 
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