Birchtree's Account Talk

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Birchtree said:
joylynn,

It's time to get into the C fund and let the chips fall where they may. This market can scream higher back to SPX 1158 at any moment and you have to be there to participate.
Click to expand...

Excellent advise Birch ! :D

Although getting IN -- period is the big thing.

The hardest aspect is honestly 'letting the chips fall where they may' and that mainly means ignoring the AT and the day to day.



Meanwhile -- one day at a time and that's more than enough for me

Later my friend - - and a good night to all ;)
 
karcrazy,

My history has always been that I do my best investing when I'm at the bottom of the well.
 
"Although the S&P 500 is down less than 7.5% from its January high, bulls are heading for the hills. According to Investor Intelligence, bullish sentiment among newsletter writers is currently at 34.1%, which is the lowest level since March 2009. The percentageof newsletter writers in the correction camp has sky-rocketed all the way to 39.8%, which is a level that hasn't been seen since 1983."

http://www.bespokeinvest.com
 
Good read BT, thanks.
I here similar talk from some of the TA guys that post here. Not lets put some gas in this american made V8 and stomp on the gas.
 
Well Birch -- it's been one hell of a day

I love you man -- and I deeply respect you


I am very late :worried: see ya all tomorrow
 
I'm working on building my lamb chop portfolio today: MEE, AVY, CXG, BTU. If the market holds up after 1400 hours I'll be DCAing into my oceanic base. I might just start a little early - buy early and often to make money. No fear here my friends - let the bull run.
 
With 600 more points to go to get back to Dow 10,758 there is going to be plenty of time for me to buy what I want. Did a little DCAing into my base so far today: HAL, AP, AKS, IVZ. I would like to spend all my cookies at once but patience is virtuous and safer from another backup.
 
I'm thinking the VIX will be back into the high teens sometime next week if we are about to have a symmetry move. This is a buying opportunity and I may just spend $100K today. This is potential the bull wants me to take advantage of. The bull smells the unemployment rate is about to get better with the jobless claims dropping 43,000 - what a pleasant surprise.
 
Mindylou is napping - she built the lamb chop portfolio and is now resting. It takes a lot of energy to be a forward thinker. I added a few more lamb chop purchases: ANR, CE, CLF. If we can hold up later today I'm back in for some more DCAing into the oceanic account. Anything I buy now will be worth more next week.
 
If the SPX breaks over 1080 I'm in for another $40K of the good prices. Waiting for the VIX to tank big time to scare the hair off the shorts. I wish Sugar was here to help me suck start my Ducati - it's time to ride the Elliott wave one. Could this be the beginning of another mega trend secular bull market like in 1982? Oh, you bet.
 
Did a few more buys for my oceanic account before the close: TRW, DOW, CBG, PCX. Everyone of the talking heads still seem to be so negative - I like that distrust. Perhaps tomorrow will provide another opportunity to spend myself into happiness.
 
Birchtree said:
If the SPX breaks over 1080 I'm in for another $40K of the good prices. Waiting for the VIX to tank big time to scare the hair off the shorts. I wish Sugar was here to help me suck start my Ducati - it's time to ride the Elliott wave one. Could this be the beginning of another mega trend secular bull market like in 1982? Oh, you bet.
Click to expand...


This B&H stuff is honestly a new mindset -- I'm getting more into.

Hell if the VIX tanks -- I could care less cause I'm just floating along and not worrying about it. But the idea of scaring the hair off the shorts is definately a very entertaining one. :cheesy::D

As far as it being the beginning of another mega trend -- like 82' -- no one is expecting it Birch -- which would make it 10,000 times better. ;)

No way I would have 'timed' this one -- and that's the main reason why I'm now a B&Her -- cause losing out on the UP days made me just as mad as losing on a down one. So it's cool :cool: cause I'm getting more and more comfortable.

Do you remember how you felt when you first became a B&Her around 1972 ??


Well good night all --- for once I'm leaving at a decent time
 
Bill Miller says "wimpy bond investors are about to miss the boat; stocks are going to have an excellent year. I think 2010 will be a good year for stocks, and a challenging one for bonds. Low inflation, good economic growth, ample liquidity, rising corporate profits, attractive valuations, and continued investor scepticism should combine to move the market higher, perhaps substantially so. The current consensus appears to have the market up high single to low double digits. If the consensus is wrong, I think it will be because it is too low, not too high. Broadely, I think the names that trade at low valuations on trading accounting factors such as low price-to-earnings, low price-to-book, and low price-to-cash flow will be the winners this year."

The typical bull market lasts three to five years so any correction is for buying and that is my intention. We may be seeing the first leg of a new secular bull market and it must be bought to get any rewards.
 
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