Birchtree's Account Talk

[ballnoutacontrol]

Yo birch trizzle, what do you see happening with this UUP chart? Looks like the 22 level has held a couple of times, but we have broken below it now. Gonna keep going lower?

Thanks, Balln

 

[Birchtree]

The PowerShares DB US Dollar Index Bullish Fund at $21.72 certainly looks interesting from a contrarian perspective. The 3 month change is -6.54%. My guess is we could see more weakness down into the $20 range long enough for an I fund price of $21.50 for me to move back toward the C fund. Then UUP would be a purrrfect buy because everyone will have lost confidence in the dollar.

My oceanic account held ground this week. Here is what transpired: -$4K, -$31K, -$49K, +$57K, +$28K, next week could be an exciting ride for those all in. Factories are humming.

 

[Birchtree]

http://theguruinvestor.com/2011/03/16/doll-doesn't-see-oil-prices-stopping-recovery/

 

[ballnoutacontrol]

The PowerShares DB US Dollar Index Bullish Fund at $21.72 certainly looks interesting from a contrarian perspective. The 3 month change is -6.54%. My guess is we could see more weakness down into the $20 range long enough for an I fund price of $21.50 for me to move back toward the C fund. Then UUP would be a purrrfect buy because everyone will have lost confidence in the dollar.

My oceanic account held ground this week. Here is what transpired: -$4K, -$31K, -$49K, +$57K, +$28K, next week could be an exciting ride for those all in. Factories are humming.

Thanks Birch, It was interesting to see that it had broken through that area of support, but it did so with a bit of conviction so it looks like it has some momentum to keep going. thanks again

 

[ballnoutacontrol]

Hey Birch, another quick question....

On the SOXL and SOXS 3 month charts do you know what caused the rise in volume prior to the earthquake on the 11th? Did I miss something in the news?

 

[Birchtree]

You got me on this one - I'm clueless.

 

[Birchtree]

"In summary, the market correction, by time and by indicators, now makes me a buyer both here and in the near term in the eventuality of a lower low, on the basis that the weight of evidence still lies firmly with the cyclical bull continuation."

http://www.marketoracle.co.uk/Article27007.html

 

[Steel_Magnolia]

Hey Birch, another quick question....

On the SOXL and SOXS 3 month charts do you know what caused the rise in volume prior to the earthquake on the 11th? Did I miss something in the news?

A huge block of trading by fortune tellers with crystal balls? <giggle>

Seriously, maybe some of the seriously techno-geeks were using those new web word trackers that can scope out mathematical possibilities of events?

 

[Birchtree]

http://pragcap.com/oversold-mcclellan-oscillator

 

[Pill]

Birchtree,

I sent you a PM.

 

[hotwings]

"SPY is very near where these two indicators reached their extremes. Today’s volume was high and suggests today’s low could be tested before the bottom is complete. The top window is the Put/Call ratio for the equities and the 5 day average above .65 have also lead to bottoms and the current reading is .78. Market is making a bottom near current levels and suggest another rally is about to start. We would like to see a test of today’s low on lighter volume and that would complete the bullish signal."

http://www.decisionpoint.com/TAC/ORD.html

 

[FAB1]

Here I bumped your thread up BT. I expect some clever comments from you today.

Dont disappoint!

 

[Birchtree]

"Our current cyclical bull has thus far been a more supercharged version of 2003 onwards." Spike it baby, spike it.

 

[FAB1]

Nice, the F fund is bowing its head in shame at the strength of this bull market today. Wow. Talk about missing another 2% day Ameoba should have put 28% somewhere else. At least I have around 30% in stocks.

 

[FAB1]

Hey Birch - 4 in our top ten have clucked 100%. Think they are making room for you up there?

Or have they succumbed to that single-cell dis-ease?

 

[hotwings]

BT,

I see C is doing 1 for for 10 reverse stock split..... Looks like a good time to sell and buy back later...what ya think?

 

[Birchtree]

Generally after a reverse split the higher price will pull in mutuals and hedge funds that could'nt buy previously - that demand will push the price even higher. C is a premier global player and I'll be adding to my position at some point.

 

[TSPNerd]

If you wanted yet another reason to be optimistic about this year's market...Check this graph out. If history is any indication, we're in for a rocket ride straight up from here till September.

 

[RealMoneyIssues]

Generally after a reverse split the higher price will pull in mutuals and hedge funds that could'nt buy previously - that demand will push the price even higher. C is a premier global player and I'll be adding to my position at some point.

Is there anywhere to look at information about this? I actually hold C and saw this on the news. I had already considered getting more and now I am thinking sooner rather than later...

Thoughts?

 

[Birchtree]

I owned Steak'NShake (SNS) two years ago - got in at $3 and bought all the way up to $12 accumulating over 700 shares. Then they had a 20 for 1 reverse split which sent the stock up over $300 and left me with something like 17 shares. Can't make any money at $17 per point so I sold and took my $5,000 profit and bought more Luby's (LUB). SNS didn't want to be acquired by any other company - I still eat there though. A reverse split for Citi Group will definitely put them in play for the big money, especially if they are going to start paying a dividend. My oceanic account has me up $80K today and I need to go mow my lawn but I want to tape read the close to see if I'll get the magical $100K. We could close above the 1303 SPX resistance level. Snort.