Birchtree's Account Talk

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I did a considerable amount of selling in September but didn't want to bore anyone with specifics. Now I'll be forced to write a nice check to the IRS in the spring - not the way I wanted to play it out but when you suffer a 2100 Dow point drop in two weeks you have to run like the wind and stay ahead of the damage. I'm buying some of those positions back to rebuild my oceanic account.
 
I'm chasing Ferdinand this morning with $353K in the flower pot - it's not easy throwing money down the well. But I'm buying: LNN, CBI, ANN, TRN, HRL, ABB, WMK, HXL, AOS, KOP. If we hold the rally the more I'll spend.
 
By the time the golden cross arrives many early birds will have made excellent profits. I'm headed to buy more wall flowers while the bull is stampeding. Snort.
 
Buying wall flowers like it's an indian summer: HD, BLT, RDC, BMS, ATO, AGCO, APL, WOR, ANR, CR, CNH, DOW, CLF, CE, TRW. Once the short hairs get squeezed we should rally another 200 points.
 
Many money managers have already missed a 1,000 point rally - they have to get in at some point. I'm going shopping again for more wall flowers. Dividend paying stocks pack a punch - no two ways about it. The ideal buying time is now.
 
This money mis-manger missed this surge. I was iffy on the weak sell by the sentiment survey, but went with it anyway. This one is gonna leave a mark. There are only 33 out of the top 200 in stocks 50% or more at this point, I think it may be late for this run and I'll have to wait.
 
I'm still running with the hoofhearted and buying: ALB, APU, BBG, CBG, ACC, AEO, MCP, BTU, AEC, RPM. Now I'll rest for an hour and see what the market gives me for my courage. There are still many, many more wall flowers looking for a comfortable home in my portfolio.
 
Ferdinand is certainly pushy today - what happens tomorrow. Do we get another triple digit gain - buying: GBX, HAL, BCS, JNY, TEN, C, KEG, KEX, BYD, LBY, VCI. This market may get even stronger after 1400 hours. How much more money can I spend - lots.
 
OK, I think now I'm done for the day unless we rocket up during the last hour: GMT, MLI, POL, AE, SHS, HBI, AZZ, LII, DLX, CNQ. Let's see what happens if we take out 1220 on the SPX. By that time the VIX should close under the 30 level.
 
It should be a quiet day for me - unless we rebound later. I believe we have a confirmed breakout above the intermediate term declining tops line on the NYAD. So let'em take a few profits for now - there will be more action to come on the upside.
 
The NASDAQ is getting ready to take out its' 200 EMA again - when it goes the rest of the market will likely follow. I may end up doing some buying today afterall.
 
Mindylou informs me that she is currently updating my next buy list so that I'm prepared when the SPX 200 EMA at 1235 is history. I still believe that we have simply been in a painful bull market correction and the rally will develope into another strong multi-month bullish move.
 
Birchtree said:
The NASDAQ is getting ready to take out its' 200 EMA again - when it goes the rest of the market will likely follow. I may end up doing some buying today afterall.
Click to expand...

Looks like NASD is turning higher but it's tough to take the rest of the market up with it without participation from financials...
 
Getting in early chasing the bull: ZEP, CPO, RKT, SE, MWV, STI, HNZ, MRK, MDR, WMB. It's going to be a long bullish ride - get in early ahead of the golden cross that will arrive.
 
Walking in the sunshine and picking up a few choice wall flowers: ACI, JCI, AVT, GGC, PXP, SSD. I've spent $330K on flowers already this week so as few more dollars won't hurt too much.
 
The VIX is now below the 30 level at 29.68 - an excellent time to pick the low hanging fruit from this cyclical bull market - prices are rising fast.
 
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