Birchtree's Account Talk

[Birchtree]

New all time highs on the NYAD (daily) Cumulative - we are setting up for a possible 3 step MCSUM bull market structure. I can't wait for Tuesday.

"There are great earning stockls all over the place that will help keep a bid under this market and prevent it from falling apart."

http://www.marketoracle.co.uk/Article32203.html

Friends I'm now only $161K away from the $2M mark in my equity position. I suspect the $3M will come quickly.

 

[Birchtree]

3 Steps To Winning In The New Bull Market - Seeking Alpha

Try and read the comments section if you have time.

 

[Birchtree]

Laszlo predicts bull run into 2013.

Birinyi Discusses GM Investment - Video - Bloomberg

Laszlo Birinyi on U.S. Stocks Outlook, Strategy - Video - Bloomberg

 

[Birchtree]

"We are currently in Major wave 3."

http://www.marketoracle.co.uk/Article33215.html

 

[Birchtree]

"In my mind, there is no question that the bulls are in control of this market in the intermediate term."

http://www.istockanalyst.com/finance/story/567618/breakout-or-consolidation

 

[Birchtree]

The R2K Index has gained 36% since October and is just 4.2% below its all time high, but investors have been steadily pulling cash out of small cap funds. I'd be cautious in the S fund. Because of the Russell 2000's surge, the small-cap index now trades at about 18.2 times forward per-share earnings, accordiong to data from investment manager Heartland Funds, That is 43% higher than the S&P 500's price-to-earnings ratio of 12.7. Historically, the Russell has traded at a premium of about 30% to the SPX index.

 

[Bquat]

Hi Birch.

 

[nasa1974]

The R2K Index has gained 36% since October and is just 4.2% below its all time high, but investors have been steadily pulling cash out of small cap funds. I'd be cautious in the S fund. Because of the Russell 2000's surge, the small-cap index now trades at about 18.2 times forward per-share earnings, accordiong to data from investment manager Heartland Funds, That is 43% higher than the S&P 500's price-to-earnings ratio of 12.7. Historically, the Russell has traded at a premium of about 30% to the SPX index.

So are you saying right now it is better to be in the C fund vs. the S fund, historically?

 

[Birchtree]

I'm chewing on the bit and anxious to do some buying - but I'm just going to cool my jets for a few days until we secure 13,000 and 1370. My oceanic account is over weighted in small caps and subject to some pain in the near future. Some technical warning signs suggest small-caps might have run up too fast.

 

[MrJohnRoss]

Take a deep whiff, BT. I believe the markets are providing fresh bull manure, which is being dumped on your holdings this morning. *snort, snort* :laugh:

Grow, baby, grow!

 

[Birchtree]

And the Birchtree gets another hit - Fortis is buying out my CH Energy Group (CHG) for $66 which is up $7.32 today. We'll see if a white knight surfaces to offer a higher price - other wise I'll take my profit and redistribute to the welfare crowd.

 

[Birchtree]

I noticed my long term friend tataberto has finally moved over to the lily pad. At #126 and 10.41% this provides an opportunity for the bull to cover him in hoof dust and allow me to make some tracker gains. The risk for the lily padders is that the last hour today is perpendicular. Or do I mean parabolic - I really prefer escape velocity to describe the movement.

 

[Handballer]

Are both of still holding BAC?

 

[Birchtree]

I am still holding my BAC position and will purchase more when it gets to $9.00. I plan to buy every point up until it reaches $30.

 

[Birchtree]

I would like Dave-o to talk to us - he has displayed impeccable timing during 2011 with a 15% gain and is now our #2 tracker.

 

[bmneveu]

The R2K Index has gained 36% since October and is just 4.2% below its all time high, but investors have been steadily pulling cash out of small cap funds. I'd be cautious in the S fund. Because of the Russell 2000's surge, the small-cap index now trades at about 18.2 times forward per-share earnings, accordiong to data from investment manager Heartland Funds, That is 43% higher than the S&P 500's price-to-earnings ratio of 12.7. Historically, the Russell has traded at a premium of about 30% to the SPX index.

And looking at fund prices, it looks like S is 37% more expensive than C. Which way will it correct -- up to the 43% premium the R2K currently has on S&P, or down to the historic 30%? My money is on the C fund outperforming S, as we've seen more and more of lately.

 

[Birchtree]

There is a certain issue that needs public attention and no one of the liberal persuasion will touch it. I just finished listening to the you tube video of the Gainesville High School girl's supposed racist rant. These two young girls make cogent points about illegitimacy and welfare, the same points I've been making for years. They deserve my moral support. I hope they draw national attention now that their video has gone viral.

 

[Birchtree]

My NFX is getting smashed today at -$4.91 to $37.34, so I just selectively bought more for my base. That's my lowest price so far on this stock.

 

[Birchtree]

The mighty VIX has just gone negative and Ferdinand wants to get out of the pen - it could end up a good day to make money. I'm running out of time to make the required $190K to bring my gains for February of $400K.

 

[MrJohnRoss]

The mighty VIX has just gone negative and Ferdinand wants to get out of the pen - it could end up a good day to make money. I'm running out of time to make the required $190K to bring my gains for February of $400K.

You may need to use some shorts or inverse ETF's to meet your goal if this market keeps melting. There's plenty of opportunity on the downside as well as the up.