Birchtree's Account Talk

[Birchtree]

I'll up date the oceanic on Friday along with last week's results. I'm doing more buying: BRY, BTE, AVY, PXP, ATO, CBI.

 

[Birchtree]

http://www.marketoracle.co.uk/Article31855.html

http://www.marketoracle.co.uk/Article31857.html

 

[Birchtree]

I'm eating some hoof dust chasing Ferdinand today and buying: PII, KRO, KEX, LTD, MLI, URS, RES, ABB. I'll really run after the bull when I catch my second wind.

 

[Birchtree]

Hoof dust tastes good: KWR, BMY, BLT, BTU, APU, CLC, INT, BHI. This surely feels like August 1982 when the mega trend secular bull market got started.

 

[Birchtree]

A few more wall flowers for the bouquet and then I'll most likely rest: GT, TRW, HOS, MS, APL. PCL.

 

[Birchtree]

If the Dow can regain the early gains up around 100 points I'll spend and spend. The coil has sprung and hedge funds will eventually chase Ferdinand.

 

[Birchtree]

It's been an interesting two weeks for the oceanic account. Here is what happened over the holiday week: -$85K, -$31K, -$104K, -$20K for a devaluation of -$240K. This week has been considerably better: +$122K, +$10K, +$240K, -$15K, +$16K for a sweet gain of +$373K. If I can make +$100K next week I'm happy.

 

[Birchtree]

http://seekingalpha.com/article/311...ntinued-to-shy-away-from-equities-in-november Just what the bull wants.

 

[mayday]

http://seekingalpha.com/article/311...ntinued-to-shy-away-from-equities-in-november Just what the bull wants.

I want my figgy pudding.

 

[nasa1974]

I want my figgy pudding.

So, you want to get jiggy with the figgy. Enjoy!!

 

[mayday]

So, you want to get jiggy with the figgy. Enjoy!!

Have a holly jolly jiggy figgy.

 

[Birchtree]

I'm eating more hoof dust chasing Ferdinand: NBR, BAM, BPO, HXL, AEO, UBS, HNZ, GE, SPN, KEG. And figgy pudding is the best.

 

[Warrenlm]

One of the CNBC predictions is that the capital gains rate will go to 20% after Dec 2012, resulting in some accelerated sales to avoid the higher tax. Another is that the tax rates for higher income (what is that now, above $80,000? ) taxpayers will go back to pre-Bush II. Do you see dividend dollar amounts not only staying steady but increasing .....and these two possibilities as irrelevant?

 

[Mapper]

One of the CNBC predictions is that the capital gains rate will go to 20% after Dec 2012, resulting in some accelerated sales to avoid the higher tax. Another is that the tax rates for higher income (what is that now, above $80,000? ) taxpayers will go back to pre-Bush II. Do you see dividend dollar amounts not only staying steady but increasing .....and these two possibilities as irrelevant?

People may bemoaning or expressing outright rage at paying higher tax and I could imagine a little selling on the news. But in all honesty, why would people give up on making money in general just to avoid a higher tax. I know I wouldn't and I doubt our hoof-hearted friend would either, that would be ridiculous.

 

[Birchtree]

I don't like to sell my girls unless I'm forced by margin calls - otherwise I'll keep building dividend income. There is so much cash out there that the payouts will likely increase. Newt wants a zero capital gains tax - what would that do to the equity markets.

 

[tsptalk]

People may bemoaning or expressing outright rage at paying higher tax and I could imagine a little selling on the news. But in all honesty, why would people give up on making money in general just to avoid a higher tax. I know I wouldn't and I doubt our hoof-hearted friend would either, that would be ridiculous.

I have felt the same way when it came to selling vs. holding. I never understood why someone would hold and take a big loss in a bear market for instance, just to avoid paying taxes on a gain.

But larger investors look at risk / reward and when capital gains are raised, the upside potential gets smaller, and they are more apt to pass on some of those investments that they may have made if cap gains were lower. Not all, of course. But it's similar to interest rates with real estate deals. At some point the rates make it less attractive of a risk / reward investment. I'm working on a deal right now where the potential buyer said the lease must return X% above costs on their downpayment to be worth their while. X% - 1 and they are not interested and will look for the next opportunity.

 

[Birchtree]

I'm still buying my wall flowers: CNQ, UGI, ORI, AVT, CX, VCI, VMC, MDP, ATLS, TEN. Now I have to start rebuilding my sacrificial lamb chop account to protect my base.

 

[mayday]

The Santa rally is on. More figgy pudding please.

 

[hotwings]

Re: Birchtree's Account Talk- 2012 TSP Contribution Amount increases to $17,000

Hey Birch et al.,

I was just checking out the Army Benefits Center website and saw the following. Note: 2012 TSP contributions have increased from $16500 to $17000.

"Thrift Savings Plan (TSP) amounts for 2012 have been published. The maximum contribution amount for regular TSP is $17,000 and $5,500 for TSP Catch-Up. Click here for charts to assist you in planning your regular and TSP Catch-Up contributions to reach the maximum for 2012. Any TSP changes made on or after December 4, 2011, will be for the 2012 contribution year."

Link to 2012 TSP Planning Charts...--> https://www.abc.army.mil/TSP/2012TSPCharts.htm

 

[Steel_Magnolia]

Birch, I just remembered that I promised to let you know of any stocks you might want to look at. The experts say buy what you know so a lot of my screening is done in health industry stocks. I'm now accumulating SPPI and QCOR on any down days. QCOR has a new MS drug that will be adding lots to the bottom line for years to come. And SPPI just got the okay for trials on a new kidney drug.

FWIW.