Birchtree's Account Talk

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My daughter graduated from her MBA program so we took her and the new son in law to the gulf coast (Cedar Key) for a few days of celebration. My oceanic is only down $15K from the last two days - that's certainly tolerable. Consolidations happen from time to time - nothing to get overly excited about. I'm still waiting on the I fund to hit $21.50 so I can get a taste of the C fund again. The FV left me short on the day today - maybe it comes back tomorrow. Anyway, I'll be riding the bull all summer - it won't be long and I can start working on $million #3. That'll buy my lake place.
 
Heard Cedar key was a nice quaint town but I've never venture there before. Congratulations to your daughter! Hope you all had a great time.
 
Looking at futures and the dollar this morning you may be a whole lot closer to 21.50 by the end of the day.
 
I sure wish I had some accumulated flower buying power built up - today I'd be a strong buyer of everything interesting. I'll just have to wait a few more days and then I can turn it loose. Today I feel like I'm in the G fund sitting on the dock - I could take a profit on one of my roses but I'm simply too greedy to sell anything at this point. Margin gains will kick in soon enough. It's the old story be right and sit tight. Good golly miss Molly - the VIX is below 15 at 14.73 and at a level not seen since July 2007.
 
Birchtree said:
I sure wish I had some accumulated flower buying power built up - today I'd be a strong buyer of everything interesting. I'll just have to wait a few more days and then I can turn it loose. Today I feel like I'm in the G fund sitting on the dock - I could take a profit on one of my roses but I'm simply too greedy to sell anything at this point. Margin gains will kick in soon enough. It's the old story be right and sit tight. Good golly miss Molly - the VIX is below 15 at 14.73 and at a level not seen since July 2007.
Click to expand...

So this means fear factor is very low?

Sorry Im still trying to figure the VIX out, and yes people have posted answers - it must be one of those things that you just "get it" when you get it.
 
The VIX should be used as a contrarian indicator - when it's low is the time to worry. July 2007 if you remember was a topping time that only a few recognized. There will come a time when a consolidation will be more painfull - but it could be months from now. Just remain aware that complacency is high and perhaps headed higher - that's the danger zone. Some investors will see a lower VIX as a reason for the rally to continue and we should benefit from their buying potential.
 
BTW Birch.. Do you own and SIRI shares? In my fantasy Wall Street game, all the millionaires seem to be making their big bucks by investing in SIRI.
 
http://theguruinvestor.com/2011/04/20/grantham-gmo-see-small-cap-trouble/


My oceanic is ahead by $56K so far this week - I need to make another $55K and I'll be back into flower power. Mindylou has already made out my next buy list and I'm ready to continue spending myself into happiness. The more debt I can accumulate in this bull market the more money I will make. I'm still waiting on the epicenter of Elliott wave 3 of 3 of 3 known as the point of recognition - will it take Dow 13,000 to bring mom and pop back to the market - get ready for some serious gains ahead. Many don't understand what a 3rd wave can do to ones' technical work.
 
Birchtree said:
The more debt I can accumulate in this bull market the more money I will make. I'm still waiting on the epicenter of Elliott wave 3 of 3 of 3 known as the point of recognition - will it take Dow 13,000 to bring mom and pop back to the market - get ready for some serious gains ahead. Many don't understand what a 3rd wave can do to ones' technical work.
Click to expand...

Dang, was this in english? :nuts::blink::sick:
 
I'm starting to see individual stocks going up 13 to 18 points which is a potential sign of the approaching epicenter. Keep in mind that the center point of three will have the most amount of participation by both breadth and volume related charts.

"The VIX is flashing a bullish divergence right now with the daily MACD which should send chills down anyone who is overly leveraged and long this market right now"

http://www.safehaven.com/article/20698/beyond-the-vix
 
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