Birchtree's Account Talk

[Mapper]

Did you see the big lawsuit filed against BAC? Still gonna keep your position? I am rethinking mine.

Let me guess birch, if BAC takes a hit you plan to acquire more and lower your cost basis.

 

[Birchtree]

Of course I'm going to hold my BAC position. A lawsuit is not an end to anything - may not have any merits. I'm waiting for the $9.50 a share to buy more.

 

[jkenjohnson]

Of course I'm going to hold my BAC position. A lawsuit is not an end to anything - may not have any merits. I'm waiting for the $9.50 a share to buy more.

I'm waiting to buy some more at $6.30.

 

[Birchtree]

You'll be very lucky to see a $6.30 price on BAC - but if you do I'll buy more for myself. Just finished chasing a few more wall flowers: ACI, HUN, GT, F, SVU, CVG, BWS. Now it's time to sit back and see if we can get a last hour rush to the upside - there's always tomorrow. I think Tara said that.

 

[hotwings]

agreed... doubt you will see $6.30 again for BAC unless there is a major implosion that we don't know about...yet. My sights are on $11-12 by the end of the year and $17-20 by the end of next year. Once the economy gets rockin again, we could see the financials blossom with nice dividend payouts too. Buy n hold the big banks like BAC, JPM and WFC.

 

[Birchtree]

That's hot!! Buying more of my favorite wall flowers: GCI, C, BBT, SWK, VMC, DRC, UDR, LPX, NRP, TITN. Now at 318 DCAs in August. I may slip in a few more purchases - oh, why not. I don't look for a retest of the 1101 level in October - so it's time to buy'em while they are still cheap.

 

[Birchtree]

Oh Sweet Pea won't you dance with me - I'm still picking wall flowers while they are plenty: T, S, CSCO, POL, UBS, ALB, DRE, ORI. If the market can hold Dow +100 I'll probably return for some more flowers that Ferdinand likes to smell.

 

[Birchtree]

Can the ISM hold the 50 level tomorrow?

" The ISM often dips below 50 in the middle of expansions; a reading below 42 signals recession."

http://pragcap.com/lpl-be-prepared-for-a-disastrous-ism-manufacturing-report

 

[Birchtree]

"There is no denying the manufacturing sector has experienced a V-shaped recovery."

http://seekingalpha.com/article/290940-factory-orders-indicate-strength

http://seekingalpha.com/article/290990-modest-jobs-growth-still-likely

http://seekingalpha.com/article/290923-s-p-2010-vs-2011

 

[jpcavin]

Birch
In your opinion, (based on financials and todays market) which is the better choice, VALE or PBR?

 

[Birchtree]

That's a difficult decision - why not buy'em both. They both have good momentum going forward.

 

[jpcavin]

That's a difficult decision - why not buy'em both. They both have good momentum going forward.

Thanks to you, I am now addicted to stocks!

 

[Birchtree]

I made 326 individual dollar cost averaging trades into my base account since 8/5 - 30 of those were free trades. I'm now looking at another 30 free trades for September and am waiting for a rebound - I prefer to chase when the opportunity is available. That way I'm locking in some gains from previous purchases. Now that my margin rate has been reduced to 2.75% I'm chomping on the bit to really cause some depth - leveraging up is the contrarian approach in this market. If we get more QE that will be fine. My CBL has announced a dividend increase from $0.21 to $0.48 per share per quarter - that's a 13.80% yield. I need more announcements like that.

 

[hotwings]

BT,

Hope you bring in some virtual coffee and donuts to the BT message board followers after you make all that moola. :}

 

[jkenjohnson]

You'll be very lucky to see a $6.30 price on BAC - but if you do I'll buy more for myself. Just finished chasing a few more wall flowers: ACI, HUN, GT, F, SVU, CVG, BWS. Now it's time to sit back and see if we can get a last hour rush to the upside - there's always tomorrow. I think Tara said that.

If BAC keeps falling I might get that $6.30 price again. It's only $1.17 more to go.

 

[eccougar]

If BAC keeps falling I might get that $6.30 price again. It's only $1.17 more to go.

I own over 300 shares and may buy 300 more after I see more on the lawsuit action.

 

[Birchtree]

I'm cautiously walking the rail today - if the market can recover some later I'll be a buyer. I do have a bunch of dividends due today reinvesting golden prices.

http://www.marketwatch.com/story/dow-13,600-here-we-come-2011-09-02

 

[Birchtree]

"America's 500 largest publicly traded companies, bolstered by record profits and flush with cash, are increasing their dividends at the fastest pace in seven years. 2012 dividend payments will be even fatter."

http://www.marketwatch.com/story/dividend-investors-fatter-payday-on-way-2011-09-02

 

[Birchtree]

My oceanic started out the week with a bang and ended like Obummer: +$155K, +$10K, +$3K, -$78K, -$126K for a devaluation of -$31K. There is a good possibility that we placed our bottom again today - if so we should rally again early into the week and maybe even hold the gains. There will be lots of news from Europe.

 

[Birchtree]

Jon's my man if any body can do it he can. "The Jon Huntsman plan would lower tax rates for corporations and individuals, while eliminating taxes on capital gains and dividends, as well as the Alternative Minimum Tax. Those changes could cost the federal government hundreds of billions in lost tax revenue over the next decade. But Mr. Huntsman, who modeled the package on recommendations made by the president's own bipartisan deficit-reduction panel, plans to offset the lost revenue by ending popular mortgage deductions for loans greater than $500,000, along with the child credit and other longstanding tax breaks."