Birchtree's Account Talk

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I just had a pleasant conversation with the margin department - all I need to make is $300K more and margin opens up. I have no ceiling placed on me at this point so the sky is the limit until I bust the bank. If I make $400K then that would provide me with an excess of $100K which means a buying power of $200K. So let the bull romp and I'll spend myself into happiness. The more I spend at this point the more money I'll make - that's the beauty of leverage. My sacrificial lamb chop account is in waiting incase I get jammed up and need to do some selling to meet a margin call. But now is the time to go plum crazy and buy, buy, buy. I'm prepared to see numbers on the upside that will surprise. Yes, low interest rates are a good thing for profits. Don't wish me luck because I don't need luck, I need buying power.
 
Well darn - talk about pain. They took my CLF out back today and shot it. Any time the price goes below $30 it's an opportunity for me to accumulate more shares and average down. Six months from now it'll be right back to $39. Even so my oceanic account is only off $1K at this time of day - get ready for the Grand Trunk.
 
My small caps saved the day - the oceanic pulled ahead with a $9K gain. I was watching the VIX give some up today and I now think that it will continue lower - and that it will coincide with more additional strength in the equity market. Bonds are beginning to show some cracks. I believe I have the right expectation for my strategy and that is to ride. I will take my pain when it arrives as I always do and just ride it out - because there is more stupendous gain ahead.
 
And yet, if i move out of s fund today, there will be some small percent that i put into the f fund.

I dont know what makes me want to do that though. But when i know i am leaving the s fund for only a few days i figure the s will drop while the f will go up.
 
Well I had a wall flower turn into a rose over night - Heinz (HNZ) is being bought out at $72.50 and is up $12.50 on the day. I was kinda hoping eventually for a stock split - so M and A is going to get active - who'll be next. Buffett is on the move to take advantage of the great companies that are selling at large discounts to their historical valuations. Come again Buffett, I got a whole portfolio of great wall flowers looking for comfort. All stock prices reflect is the expectation of the future stream of earnings. The trump card here is the idea of us moving closer and closer to the center point of an Elliott Wave Primary 3rd wave to the upside. That will put the VIX below the 12 level and eventually into the 10 level for several years going forward. Snort.
 
There is nothing I can do about the gain. I'd prefer to hold the stock and wait for the split - now I'll have to reinvest the gains in another wall flower or two. I've got a couple in mind - maybe a bigger bite on BAC would make me feel better.
 
How about some CenturyLink? It's being marked down 20% today.

Birchtree said:
There is nothing I can do about the gain. I'd prefer to hold the stock and wait for the split - now I'll have to reinvest the gains in another wall flower or two. I've got a couple in mind - maybe a bigger bite on BAC would make me feel better.
Click to expand...
 
CTL is also on my list for averaging down and an opportunity to accumulate more shares. CLF is also on my current list for averaging down into the mire.
 
If we don't break Tom's resistance line within a few days we may turn down hard which is OK. If we break the trend line with spunk there is no resistance up ahead. Long term money flow remains positive and is bullish confirmation with new all time highs. Can this slowly building rally event reach a critical mass - you bet. Is there a pent up demand brewing of investors who want to become BUYERS - you bet. I would not be surprised to experience an animal spirits buying panic.
 
You can anticipate a 2% hit on the S fund at any moment to scare the bull tinky out of the holders - the hit will come out of left field as a blind side. I've been there many times.
 
Birchtree said:
You can anticipate a 2% hit on the S fund at any moment to scare the bull tinky out of the holders - the hit will come out of left field as a blind side. I've been there many times.
Click to expand...

Looks to me like the Dow is getting ready to roll over. I know at least two of us who are saying "bring it!".
 
weatherweenie said:
How about some CenturyLink? It's being marked down 20% today.
Click to expand...

My understanding is Centurylink has merged with DirecTV, if that is correct DirecTV will pull CenturyLink down for at least the next half decade as they lose millions of subscribers every year to Netflix, Hulu and Youtube. Also, as subcribers decide to stream their TV content a higher broadband is going to be more desireable. As a result, many who drop DirecTV will probably drop their internet service with CenturyLink in favor of Xfinity (Comcast) since it has twice the bandwidth for about $10 -$15 a more a month.

If I had money I was considering putting into the Internet/TV market I'd go with Netflix, in my opinion they will pick up million's of subscriber every year for the next half decade at least. On the other side I'm just talking out my ass as I don't own any of the three companies discussed, and haven't put my money were my mouth is.
 
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