Birchtree's Account Talk

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I still don't have that panic fear of taphophobia - but I swear I can taste dirt in my mouth. Perhaps I've been spending too much time in my yard. ADP numbers tomorrow. I may be heading back to -5% on the tracker for the third time this year - but I find it tolerable and only temporary.
 
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last chance to cut losses is tomorrow.

Birchtree said:
I still don't have that panic fear of taphophobia - but I swear I can taste dirt in my mouth. Perhaps I've been spending too much time in my yard. ADP numbers tomorrow. I may be heading back to -5% on the tracker for the third time this year - but I find it tolerable and only temporary.
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Yeah, by monday you'll be down 10%, since you don't know when to get out. If I kept my head in the sand like you, I would be tasting dirt too. However, I am going ALL OUT in advance of friday's jobs report; which I now expect to be -200,000 or more in job losses. With light volume, I do NOT expect 1,000 to hold.

Tomorrow may be the last chance for a dead cat bounce, if at all. Do yourself a favor and cut your losses. Earnings are coming and they will all either miss or guide lower.

Birch - at this point - you are just throwing money away; especially with the death cross (50/200 dma) in the I fund over two weeks ago. There just isn't anything to get back this year.
 
This morning was nothing - check markets NOW

A real bad turn within one hour of close -1,040 is not even holding:

Everyone is selling, and the volume is not light. More than a few someones are thinking they know something about later in the week, and whatever that is, is not good.

Boy - talk about getting caught with pants down. I was out since May 17; and the first day in - today - I am down over 1% on a 35% stake in CSI. That's harsh. And - looking at the preceding charts, 5 days, 20 days, and year-to-date; there was just nothing to portend this. It wasn't the last trading day before a holiday; no giant news; and we went into the week bearish, and monday held. Talk about a sucker - you're listening to one. That said, I did not completely bail - I left 5% in S fund - sort of like pitching pennies in a fountain. Anyway, if I survive this and am up 1% for the year by month's end, I'll consider it a moral victory.

Get out while the S&P is still over 1,000, if it even opens that high tomorrow.
 
I've had some cash hanging around so I've decided to throw some $K down the well while there is so much fear in the market: MEE, STO, BTU, GT, CE, ACI. Actually the NYSE is looking strong today - if we can rally further today I'll be back with more lamb chop buys.
 
I'm still throwing money away while it's available: ANR, AA, CX, JCI, these are more lamb chop stocks - building my sacrificial margin portfolio in case we fall further and I get the call. I also have 15 dividends rolling in today - so it's a buy day all around. No fear here.
 
Birchtree said:
I think he was suffering from jet lag - knowing an alien is in the white house talking nonsense.

"The recovery in the equity markets will be bolstered by three primary factors: earnings, valuations, and money flow. Goldman believes equities are not only cheap, but that corporations are in an unprecedented position of strength."

http://pragcap.com/goldman-sachs-sp-is-still-going-to-1300

http://pragcap.com/is-this-1998-all-over-again
Click to expand...

Then shouldn't we see CEO's start buying thier own stock? I would think that would be the real measure of how cheap things really are. Any thoughts?

Steve
 
There are companies buying their own stock and also increasing their dividends - you just don't read about it in the press.
 
I see where Yahoo is going to buy #3 billion of their stock back - the question is does anyone care. So we may have a Dow Theory bear market signal. The Dow of 9774 and Transports of 4008 have closed below their previous correction lows of early June. Subject to other interpretations, of course. I still believe we are just in the correction phase of a major bull market - this is starting to remind me of the cyclical moves of 2004 before the 2005 blast off. I may raise a little more cash in the near future to take opportunity of all these golden prices - especially if they provide dividend income. I should have more dividends paying tomorrow but as of yet I don't know how many. I believe the small caps saved me today with a nice advance/decline line intact. I'm going to hold my TSP position of 60C and 40I until the fires of hell burn out. Snort.
 
"I'm going to hold my TSP position of 60C and 40I until the fires of hell burn out. Snort."

I plan to do the same! Nothing will get me to run for cover. I am in to win. Each payday is a chance to buy shares at a extremely nice bargain.
 
Holy Mother of Allah - this market feels like last February and is in capitulation phase right now. I'm being forced to run from a margin call and have decided to pre-empt this by liquidating members of my lamb chop portfolio: sold my RKT, BVF, and some PVH. We'll see if that helps by the close. I have 12 dividends due today - so a small blessing in all this gloom and doom. Hit me with your best shot - I'm ready to give back more tomorrow if necessary. At least I'm taking profits and not losses as of yet. I believe this market is behind the economic curve and will eventually recognize this and will play catch up in this second half. Profits will save my butterfly butt - Snort.
 
If we reverse this nonsense today I'll have plenty of cash to continue buying into my base - I'm accumulating dividend income for my later years. I think we'll turn before the close.
 
If we can hold these levels without further damage I'll count my blessings. Since June 26th of last year I've made 902 individual purchases as a dollar cost averaging discipline. If we can now begin to trend sideways I'll be back to buying next week with the cash I raised this morning. If we trend lower I'll just keep backing up as necessary until I can breath a little easier. The bullish dip buyers may show up later today - we certainly are oversold and sentiment says a turn is just around the corner. Bring it.
 
Well it has already started - I decided to double down on my CLF position at $46.57. I just can't help myself when these golden prices come around. I'm actually starting to get excited with how I can spend this cash - most of it will go into my oceanic base and continue to build income. CLF is part of my lamb chop sacrificial account. There are so many wall flowers that need my attention to help them grow into wonderful roses.
 
Birchtree said:
I believe this market is behind the economic curve and will eventually recognize this and will play catch up in this second half. Profits will save my butterfly butt - Snort.
Click to expand...

Birchie, do you by any chance write alliterative poetry, or perhap haiku? I think you'd be great at it. another chance to raise some cash-you could sell it to other B&H'ers. Title the collection-Leaves of Grass-Recycled. :D
 
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