Birchtree's Account Talk

[Birchtree]

It's time to brighten up the day a little bit. "The tragedy of the Obama Administration is that it put the political pursuit of its social welfare agenda above policies to nurture a strong, durable economic expansion. Americans are paying for that mistake in less work and less reward for the work they get. The priority of the next Administration must be to reverse the decline." Ah, I feel better already knowing there is a future.

 

[Dutchy]

It's time to brighten up the day a little bit. "The tragedy of the Obama Administration is that it put the political pursuit of its social welfare agenda above policies to nurture a strong, durable economic expansion. Americans are paying for that mistake in less work and less reward for the work they get. The priority of the next Administration must be to reverse the decline." Ah, I feel better already knowing there is a future.

That next Administration must be the Romney one....... We can't suffer 4 more years of Obama... (please don't ban me Tom..)

 

[RealMoneyIssues]

It's time to brighten up the day a little bit. "The tragedy of the Obama Administration is that it put the political pursuit of its social welfare agenda above policies to nurture a strong, durable economic expansion. Americans are paying for that mistake in less work and less reward for the work they get. The priority of the next Administration must be to reverse the decline." Ah, I feel better already knowing there is a future.

That next Administration must be the Romney one....... We can't suffer 4 more years of Obama... (please don't ban me Tom..)

Nope, the next administration will be in 2017, sorry to disappoint you both.

 

[Handballer]

That next Administration must be the Romney one....... We can't suffer 4 more years of Obama... (please don't ban me Tom..)

Don't worry Dutchy you don't have enought posts to be banned. But if you start using the seven dirty words used by George Carlin you may!

 

[Dutchy]

Hey Birch.... Seems this morning's bounce is fizzling. If we hold below 1340 on the S&P today any hope of a nice Market bounce will seem very dim... What is your pronostication for the rest of the Month ???

 

[Birchtree]

I'm holding out for a better second half for the month of May - just reinvesting my dividend income for now and staying long with my tugboat. We are having a healthy consolidation and I'm participating to the extend that I can.

 

[amoeba]

I'll pay more attention when the 50 drops through the 200 - otherwise it may just be a head fake.

For what you're in (EFA):

The 50 dropped through the 200 EMA on 5/9/12, and hasn't looked back since, so I guess you're paying attention.

 

[RealMoneyIssues]

For what you're in (EFA):

The 50 dropped through the 200 EMA on 5/9/12, and hasn't looked back since, so I guess you're paying attention.

Not likely Amoeba... He's THE PermaBull

 

[Birchtree]

"Bespoke points out that earlier this year the Yale Crash Confidence index moved to levels not seen since the market low in March 2009. Sounds like a buying opportunity to us." The market IMHO is simply doing its' usual over-reacting - there is nothing to worry me at this point even if I'm slowly bleeding. Both of my accounts will wait out the nonsense.

 

[Birchtree]

Only the few know that a multiple week rally is about to start - the Greek nonsense is very old news. There will be good money made staying long and strong. I currently have 38 more dividends due before the month ends - so sitting tight provides good pricing. I have around 75 dividends due in June so sitting tight another month won't be a problem. And I'll be loading up the truck with more coal while it's cheaper than dirt.

 

[Birchtree]

Doll: The Bull Isn’t Done Running | The Guru Investor

 

[RealMoneyIssues]

Yup, we're down 6% and it isn't technically a correction... but you are still thinking there is more risk thinking we are going down then up?

Do you live in a bubble?

 

[Birchtree]

http://theguruinvestor.com/2012/05/15/european-woes-buying-opportunity-or-cause-for-concern/

 

[Birchtree]

I've just finished culling my oceanic portfolio to see which positions must go if the margin guy looks my way. There are 34 stocks on the list all profitable and a sacrifice if I must sell - at least I'll raise cash to buy back in at a later date. Not a time to worry about taxes but a save my butt time if necessary. I hate selling but it's my reality if this market doesn't turn positive. The Europeans need to wake up.

 

[Geaux4it]

I've just finished culling my oceanic portfolio to see which positions must go if the margin guy looks my way. There are 34 stocks on the list all profitable and a sacrifice if I must sell - at least I'll raise cash to buy back in at a later date. Not a time to worry about taxes but a save my butt time if necessary. I hate selling but it's my reality if this market doesn't turn positive. The Europeans need to wake up.

Well Birch, if you are getting cold feet I had best sit up and pay attention.

IMO, I would of thought all the sellers would of been flushed out by now. I'll need to take a closer look at the volume today.

-Geaux

 

[Birchtree]

Geaux.

I'm just thinking ahead and making preparations in case the world implodes killing many socialists. No one sees the good news that is around and time will pass when this nonsense phase is complete and common sense returns to the markets. As a margin player I'm just trying to be cautious with plans for an escape hatch. Tomorrow the Dow could absolutely rocket because we are so over sold.

 

[RealMoneyIssues]

Tomorrow the Dow could absolutely rocket because we are so over sold.

People have been saying that exact thing for a week now... so...

 

[Birchtree]

I'll be buying and selling - shifting funds into income producing stocks - that's the advantage of having your own mutual fund. Here comes the panic sell for the bottom.

 

[Birchtree]

Yes my friends the last hour sell off was painful and felt like a climax sell - so we'll see how fast I have to run or perhaps I'll get a small reprieve for a few days. We're dealing with the same old nonsense we've dealt with the last couple of years - and still no recession yet.

 

[amoeba]

a belated goodbye to the highs of the year

Yes my friends the last hour sell off was painful and felt like a climax sell - so we'll see how fast I have to run or perhaps I'll get a small reprieve for a few days. We're dealing with the same old nonsense we've dealt with the last couple of years - and still no recession yet.

ummm, nawww - no big time volume or vix, nor "recession", or even correction territory....so what it means is this has potentially more to go. Don't blink too much - opportunities to cut losses - or avoiding that painful, screaming, shreaking, embarassing entry into dreaded negatory for the year - are proving brief, limited, if at all.