Birchtree's Account Talk

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Warren is buying out my position in Lubrizol (LZ) now selling for $134 + $28. I'm going to sell inorder to raise some buying power instead of waiting through the normal channels - it's sacrifice time to add to my wall flower base. I'm also going to shift some C fund into the I fund while it's posting lows.
 
Birchtree said:
Warren is buying out my position in Lubrizol (LZ) now selling for $134 + $28. I'm going to sell inorder to raise some buying power instead of waiting through the normal channels - it's sacrifice time to add to my wall flower base. I'm also going to shift some C fund into the I fund while it's posting lows.
Click to expand...

Gotta buy if you want to catch a stupendous ride up, eh?

Well I hope you get it. :)
 
Since I'm increasing my I fund position from 40 to 60 I could use a closing price of $19.75. That would hurt but at the same time be a cool application. Watch those S funders get drilled today. Nothing I'm going to do going forward accept buy wall flowers and ride the wooley beast.
 
Birchtree said:
Since I'm increasing my I fund position from 40 to 60 I could use a closing price of $19.75. That would hurt but at the same time be a cool application. Watch those S funders get drilled today. Nothing I'm going to do going forward accept buy wall flowers and ride the wooley beast.
Click to expand...

I thought to myself over the weekend "I wonder if BT will scoop up some damaged I-Fund?" A slingshot quicky could work out well for you here. I'm back in the S-Fund, EOB today, looking to stake my claims or go down in flames...
 
JTH said:
I thought to myself over the weekend "I wonder if BT will scoop up some damaged I-Fund?" A slingshot quicky could work out well for you here. I'm back in the S-Fund, EOB today, looking to stake my claims or go down in flames...
Click to expand...


Whats up Birchy?? Hadn't been around in a while.....sure wish we could transfer the TSP more often.

Carnac
 
BT, Ive been mindful to check your Tracker position everyday...you better get back up here! B/C its becoming a chore to find you anymore I have to clik on Username and back to YTD. SO help me out here already!

BTW the low % on the tracker is hitting minus 6% for the first time this year? I think last year it didnt do that until what, April? I could be wrong about that though.
 
This has not been a pleasant night for futures. Dow futures down 200 at one time and the SPX futures down 22. So I'm increasing my position in the I fund to 80%. Should have some remaining flower power tomorrow to buy more golden wall flowers. It would appear that the hedge funds are running like scared rabbits - so let'em run.
 
Birchtree said:
I'm at #218 now and probably heading lower because I'm staying invested.

http://theguruinvestor.com/2011/03/11/biggs-fisher-birinyi-still-bullish/

http://www.safehaven.com/article/20271/its-time-to-get-out You're kidding right?
Click to expand...

Well I thought I would get in a little posting-prostitution before turning in for the night. I guess I am doomed to wear the Scarlet Letter, "P", that is.

BT, If you were to run scared now, Id faint dead away. :blink:

You know the "Spinning Wheel" principal, good on you but I guess that would be your last IFT used for this month going 80% I? I havent gone unscathed myself in these last two weeks, they have been trying times but remember the darkness always comes before the dawn. :)
 
Here comes the emotional panic capitulation day and it may be the bottom - everything happens so much quicker when you deal with the hedge funds. I'm holding tight for now all around and will probably take opportunity to do some select buying. I still have many dividends due to be reinvested the rest of this month. Let's see where the market goes.
 
The open isn't as bad as I thought it might have been. After riding the 1987 crack this is anti-climactic. Of course the day isn't over yet - but the fundamentals are sound and I expect the Fed to announce an extension of QE2 into QE3 at some point real soon. Yes my friends, it's time to step in front of the train. With a TRIN of 12 on the open that demonstrates the level of panic selling by hedge funds and mom and pop will now stay away longer which is beneficial for a renegade contrarian like myself. I believe in March '09 we had a day of TRIN at 16.
 
Birchtree said:
The open isn't as bad as I thought it might have been. After riding the 1987 crack this is anti-climactic. Of course the day isn't over yet - but the fundamentals are sound and I expect the Fed to announce an extension of QE2 into QE3 at some point real soon. Yes my friends, it's time to step in front of the train. With a TRIN of 12 on the open that demonstrates the level of panic selling by hedge funds and mom and pop will now stay away longer which is beneficial for a renegade contrarian like myself. I believe in March '09 we had a day of TRIN at 16.
Click to expand...

TRIN :confused:
 
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