Birchtree's Account Talk

[RealMoneyIssues]

My personal opinion is that the train will hit a wall at the end of the week.

Yeah, the Bernanke Wall...

 

[jkenjohnson]

Yeah, the Bernanke Wall...

50% of the IFT's today went 100& G. Looks like some others are expecting negative news.

 

[Birchtree]

The more negative news the better - waiting on a resumption of a rally to protect my back so I can do more buying of my wall flowers. Money should flee the gold market today once we see it off more than $100.

 

[jkenjohnson]

Yeah, the Bernanke Wall...

If I had not just locked in a 12% loss I would be laughing at your statements at the bottom. You crack me up.

 

[RealMoneyIssues]

If I had not just locked in a 12% loss I would be laughing at your statements at the bottom. You crack me up.

Another down day could get me to say even more that I shouldn't and wouldn't be appropriate for this public forum... :nuts:

 

[Frixxxx]

More hope for QE3:

LINK

Buy all the wall flowers you want...you'll make it back in no time.

 

[Birchtree]

When gold broke -$108 I decided to purchase a few more golden wall flowers: SD, APU, ANN, LTD, ATO. If the VIX goes negative in the next 90 minutes I have a few more flowers to pick up before the day ends.

 

[Birchtree]

I've been busy chasing a few of the girls into the close: STN, ABB, CNX, AE, JRCC, PXP. That's it for today - now I can watch the gains this bull rally is giving me.

 

[Happy_Trails]

A good day - the Oceanic should be looking a bit better.

 

[Birchtree]

http://www.marketoracle.co.uk/Article30079.html

 

[Birchtree]

"The NYSE 200 day moving ratio is 12. This is the second lowest level which suggests that this is the most oversold the U.S. stock market has been since 1994. I think that this is a once in an investor lifetime to buy equities."

http://seekingalpha.com/article/289654-2-reasons-why-i-m-bullish-on-equities

 

[FAB1]

Birch should have saved some wallflower money to buy Apple tomorrow - sure to tank like a big dog with boy genius leaving.

 

[Birchtree]

Buying a few golden girls this morning: BAC, BP, WOR, CNH, EBF. Many more to buy as the day progresses. Apple is not on my Mindylou list - I have plenty to contend with as we move forward. Eventually money will flow out of low yielding bonds and into stocks and this bull will continue.

 

[Birchtree]

If we can close anywhere near the base line today we will have placed some very nice tails on the major indexes. "Lowry's has been running research for many decades and the set of 90% upside and downside days in one week has never happened in 78 years of data." I say get ready for the 600 point upday.

 

[sdouglas3]

Ron Baron indicated this morning on CNBC that he expects his portfolio to increase 3 to 5 times in the coming years.

 

[Birchtree]

My oceanic is still up $100k on the week so far providing I don't micturate it away tomorrow. "Retirement savers who didn't blink saw big gains."

http://www.marketwatch.com/story/retirement-savers-who-didnt-blink-saw-big-gains-2011-08-18

 

[Birchtree]

"Already, investors have used leverage in 2011 to a degree not seen since the days leading up to the financial crisis."

http://www.marketoracle.co.uk/Article30095.html

http://www.financialsense.com/contributors/tim-wood/2011/08/24/dow-theory-update

 

[amoeba]

Buying a few golden girls this morning: BAC, BP, WOR, CNH, EBF. Many more to buy as the day progresses. Apple is not on my Mindylou list - I have plenty to contend with as we move forward. Eventually money will flow out of low yielding bonds and into stocks and this bull will continue.

And how much money have you and warren already lost on BAC since it tailed off from the morning open? See ya later (tomorrow) to discuss that call.

 

[Birchtree]

You must remember that I'm older than you and have been doing this contrarian style for years with some success. I'll buy more BAC if it goes up and if it goes down - the objective is to accumulate and not be concerned with a profit this early in the game. I do own some BAC at higher prices and will continue to hold even at a loss. What you see today is only a glimmer of the potential gain on this stock.

 

[Birchtree]

I'm usually a day late but now we have a long tail. Bernanke says rates may stay low even after 2013 - friends it's time to leverage up. As a contrarian that is what I'm doing with my margin account. DAX is even looking better today.