Birchtree's Account Talk

[Birchtree]

"Stock market's rally a salute to slower economic growth."

http://www.marketoracle.co.uk/Article22488.html

 

[Birchtree]

http://www.marketoracle.co.uk/Article22494.html

 

[Birchtree]

"Bulls throwing in towel during August, now 29% vs 38% Bears, very rare ratio."

http://www.marketoracle.co.uk/Article22521.html

 

[jeepcj258]

"Bulls throwing in towel during August, now 29% vs 38% Bears, very rare ratio."

http://www.marketoracle.co.uk/Article22521.html

So you go with the trend or bucking the system? (I am sure this is a dumb question, but thought I would ask....)

 

[Birchtree]

I basically try to take the contrarian approach and buck the trend.

 

[tsptalk]

I basically try to take the contrarian approach and buck the trend.

What color is the sky in your world, B?

Unless I missed something, you have never been bearish in the 5+ years you've been here. Buck the trend? Contrarian? Nonsense. That's what the rest of us would call a perma-bull. Nothing wrong with that, but what's the point of trying to get others to believe you are anything else? Be proud of being what you are - a perma-bull!

 

[Birchtree]

Make that perma-bull #1 please.

"Shanghai move could spur S&P 500 rally."

http://www.marketoracle.co.uk/Article22531.html

 

[Birchtree]

My friends you are invited to the Gainesville Quran burning on Saturday. The media is really playing up this event.

 

[Birchtree]

http://pragcap.com/summarizing-the-feds-beige-book

 

[Birchtree]

http://www.safehaven.com/article/18114/the-critical-major-resistance-that-investors-should-watch

 

[Birchtree]

"The truth is that the market is holding up extremely well despite all the negativity. Of course, that's one of the main reasons it is holding up. Just too many bears at this point in time."

http://www.marketoracle.co.uk/Article22536.html

 

[Birchtree]

http://theguruinvestor.com/2010/09/08/yacktman-likes-pepsi-and-doesnt-like-market-timing/

 

[Birchtree]

"If Bank A buys Bank B at a discount to its stated book value, the acquisition is immediately accretive." I own deep positions in 5 on the list.

http://www.cnbc/id/39078560

 

[Birchtree]

The VIX is trading at 22.21 down 1.04. If we take out the 22.0 level we'll likely see SPX of 1115 today before we close - and hold that level.

 

[nasa1974]

The VIX is trading at 22.21 down 1.04. If we take out the 22.0 level we'll likely see SPX of 1115 today before we close - and hold that level.

I would like to see a slow fuse for today with the liftoff tomorrow.

 

[Birchtree]

I'm starting to feel like Mr. Jefferson - 'movin on up'. A 1% gain would boost me into the top 100 and after that the targets will fall rapidly. So many with so much fear - it's perfect.

 

[Birchtree]

http://theguruinvestor.com/2010/09/10/ritholtz-ups-stock-exposure/

 

[Birchtree]

My bank of america on line account is in the process of being transitioned to a Merrill Edge account online effective 9/12. The folks at Merrill treat margin buying power a little differently than BAC. Currently my account is showing a buying power of $194K - if this is indeed accurate I can really do some damage with those coins. It will certainly help with my goal of hitting $2M off the March 9th lows of 2009 by the time we close 12/31/10. The possibility of more buying with a boost from the bull market will undoubtedly ensure I reach my $2M level - the more I make the more I can make. "Chance favors the prepared mind."

 

[Birchtree]

The VIX just dropped into the 21 level at 21.98 down 0.83 - now we'll see if the market wants to confirm by staging a nice rally into the close.

 

[Birchtree]

I had twelve dividends roll in today - that's beneficial on a slow day. Monday could be a wicked fun day to the upside primarily because no one anticipates that kind of move. After four previous tries the DJIA finally crossed and held the 200 day moving average (10450) and closed at 10463. Support now is around 10315-10335. On a quiet week my oceanic gave up $15K - so much for a barn burner. I'm hoping starting next week to increase my positions in oil and gas and drilling. Waiting on the tracker to see how close I came to the 100 level.