Birchtree's Account Talk

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That was a good read - I've been patiently waiting for my margin to open up. All I need is to bring my equity up another $100K and the fun begins. I might make that hump this week. This is the purrfect time to be leveraged with margin debt - so many sweet wall flowers ready to join the Birchtree portfolio. In the meantime I'm still adding to my sacrificial lamb chop account as a back stop to protect my base and its' stream of income. June is a big dividend month for me and any consolidation is a small blessing to acquire golden pricing. The pain will come when the Fed decides to begin the slow process of increasing interest rates and then the real race begins - keep buying to increase gains and stay ahead of the margin interest costs. That's when we separate the chickletts from the felines. One nice benefit of margin is the interest cost is tax deductible against my other income. Ah, the fun I'll have shopping with no credit ceiling - the more I make the more I can spend and the more I spend the more I can make - it's a wondefrul feeding frenzie. Snort.
 
When I say there are explosive gains straight ahead it doesn't matter to me if anyone believes me or not - I've got just about every dime I own working in this rally. This next phase of the bull market will definitely not be one that investors will want to be watching from the platform, as the gains are likely to be the most explosive than investors have seen since the 1990s - and I was there. Look for more break-away gaps that are not filled in total. So let the good times roll because time has come today.
 
Tom's poll question today is very interesting. Right now more people think the Dow will hit 14,000 before 16,000. This falls in line with what you see and what you want to see, in my opinion
 
MrBowl said:
Tom's poll question today is very interesting. Right now more people think the Dow will hit 14,000 before 16,000. This falls in line with what you see and what you want to see, in my opinion
Click to expand...
Ahh yes. Just enough contrarian for the market to continue to climb.
 
Birchtree said:
When I say there are explosive gains straight ahead it doesn't matter to me if anyone believes me or not - I've got just about every dime I own working in this rally. This next phase of the bull market will definitely not be one that investors will want to be watching from the platform, as the gains are likely to be the most explosive than investors have seen since the 1990s - and I was there. Look for more break-away gaps that are not filled in total. So let the good times roll because time has come today.
Click to expand...
I believe you Birch. I'm up 13 percent, on my way to reach 25% by the end of the year.
 
This market is growing stronger on fear. It takes creativity to stay long. Laszlo was on today saying his year end target is now 1900 for the SPX. Whew even I didn't anticipate that stampede. We continue to see good moves in bearish sentiment with little or no decay in price - this is classic third wave action. Bearish sentiment should climb as we continue to rally and this will then abruptly shift in the opposite direction - this is the backbone of what causes the epicenter of Primary 3. Shorts at all time highs means people are still picking tops. If Laszlo is right we should be about to move into a higher and more aggressive gear to the upside. We are approaching overextended but we are overextended in Primary 3 which means we can remain so for a long time.
 
Seems to be a lot of disbelief in the rising trend. It seems strange to be bullish and perceived as a contrarian at this juncture. Hey, as long asd I make money call me anything you want. The markets wall of worry is firmly in place. So here we are over four years into the bull market and hardly a soul on Main Street has bought into it. Everywhere I see fear, worry, pessimism and a latent feeling that everything is going to unwind at any minute. This is classic for a further Ferdinand advance to more uncharted territory. My gut is queasy but I have no reluctance to buy and will do so soon - margin is on the way.
 
Birchtree said:
Seems to be a lot of disbelief in the rising trend. It seems strange to be bullish and perceived as a contrarian at this juncture. Hey, as long asd I make money call me anything you want. The markets wall of worry is firmly in place. So here we are over four years into the bull market and hardly a soul on Main Street has bought into it. Everywhere I see fear, worry, pessimism and a latent feeling that everything is going to unwind at any minute. This is classic for a further Ferdinand advance to more uncharted territory. My gut is queasy but I have no reluctance to buy and will do so soon - margin is on the way.
Click to expand...

BT,

Tepper says "Case Closed! Stocks Going Higher". And he is making money hand over foot like you..... Watch the interview on CNBC...
CNBC Top Video News Clips on the Stock Market - CNBC
 
hotwings said:
BT,

Tepper says "Case Closed! Stocks Going Higher". And he is making money hand over foot like you..... Watch the interview on CNBC...
CNBC Top Video News Clips on the Stock Market - CNBC
Click to expand...

I love it when Hot Wings posts. Thats easily the most delicious looking avatar I've ever seen and I find myself staring at it, especially before lunch.

BTW, I saw that interview and the talking heads had a lot of respect for Tepper and his track record
 
The market is now functioning under Elliott 3rd wave guidelines and is ready to release even further. I need to go check and see if any of this positive money flow is flowing into my oceanic account. I know I'm going to be surprised - been savoring the moment. Gosh, I'm such a greedy bull.
 
You're not greedy, you are EARNING your share!

You always share your wall flowers and you are always positive!

Sincerely,

A fellow bull!
 
Check this out from Russell from 6 years ago. "We saw something that is extremely rare (on April 20 and April 25, 2007), in fact I can't remember ever having seen this before. What I'm referring to is that on those two dates all three Dow Jones Averages - Industrials, Transports, and Utilities - closed at simultaneous historic highs. To me, a fellow steeped in Dow Theory for over a half a century, this was a clap of thunder. My take on the situation is that the stock market (and Dow Theory) told us that an unprecedented boom lies ahead." The moron vote caused the housing crisis and the market collapse of 2008 - friends, this time is different. These simultaneous new highs are upon us at any moment. If the Dow goes to 20,000 I'll be there to celebrate. Snort. The fact that we have not paused is a strong indication of the tremendous levels of liquidity that continue to build. The current rally is no longer of the phantom variety - volume will explode as mom and pop join the arena.
 
BT, when we gonna see some I fund love. I'm starting to think S fund again although I prefer the C and I buy in price.:D
 
Joe Granville's Golden Rule says: "The obvious is obviously wrong." And we have the Birchtree golden rule: The value of your portfolio at any given moment is irrelevant if you have a long-term perspective. The biggest up day in history can come at any time - I wish it would hurry up.
 
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