Birchtree's Account Talk

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It was a good week for the oceanic account: -$35K, +$7K, +$17K, +$92K, +$4K for a solid gain of +$85K. Ralph Acampora says up, up and away. The market is discounting a better future. I think I may have some buying power dollars waiting for me - I can't wait to chase Ferdinand around the arena. I notice where the VIX settled out at 11.98-0.96 - that means lower volatility and perhaps greater volume going forward. I'm excited to start spending myself into happiness and leverage up to the hilt through 2016. There is no way of stopping the gains now - I'm being rewarded for holding strong during 2008. Snort.
 
I'm thinking that if my oceanic account can pull down +$104K in the next 20 trading days I will have cleared +$1M in eight months - how really sweet is that. The herd is ramping up so it may be easy to accomplish - then it's on to the next million dollar baby. Longer term money flow is at all time highs. Of course we will undoubtedly see some fast selling velocity even with an 11 level VIX, this is what the bull does - it is a bull market consolidation phenomenon. We are just as apt to see a massive wave of panic buying as the market pushes further into uncharted territory. It's going to be a fun summer - enjoy.
 
Birchtree said:
It was a good week for the oceanic account: -$35K, +$7K, +$17K, +$92K, +$4K for a solid gain of +$85K. Ralph Acampora says up, up and away. The market is discounting a better future. I think I may have some buying power dollars waiting for me - I can't wait to chase Ferdinand around the arena. I notice where the VIX settled out at 11.98-0.96 - that means lower volatility and perhaps greater volume going forward. I'm excited to start spending myself into happiness and leverage up to the hilt through 2016. There is no way of stopping the gains now - I'm being rewarded for holding strong during 2008. Snort.
Click to expand...


I actually look forward to these every Friday. Perhaps I just like seeing optimistic capitalists make money.
 
During bull markets, there are virtually no indicators/oscillators that can reliably identify price tops - but everyone is welcome to keep searching. And while you are at it keep in mind that bull markets do not like company, the market will do everything it can to make the majority gun shy and keep the bears from recognizing the prevailing trend. Liquidity is the difference between what could be a 'crash' and what is just an emotional reaction. Stay long to prosper.

"Stocks rose almost every time the Fed has increased interest rates."

http://www.marketoracle.co.uk/Article41714.html
 
"I'm Free Fallin" - it's going to perhaps be a hurry up and wait week. HRL (Hormel) is at all time highs and that helps.
 
Someone at Morgan Stanley has a 1936 year end target for the S&P 500 - whew that would be some serious bling in my pocket. Maybe Disney will ride to the rescue with Tonto as the side kick. I still think I can take in +$200K for August - plenty of time yet.
 
I've now received 107 dividend increase announcements with only 30 more to match my 2012 levels. I started the week only needing to make +$104K in 20 trading days for the month - seems that may be difficult afterall - but I'll stay positive as we go forward. I did purchase some TREX today to increase my holdings. Sp we'll see what the month of August brings - I'm sure I'll clear the +$1M profit in my oceanic account before year end but a +$2M would be sweeter. There is just so much cash that will need warmth as winter approaches.
 
I'm to young to be the Shadow - but he does know alot for sure. Any wisdom I've been granted comes with age and experience. I'm a risk taker and have always been a risk taker - that's what has kept me alive into my golden years. I pride myself on being a renegade contrarian and that distinction didn't come easy - it developed from years of trial and error. We all have to find our nitch to be comfortable in investing and the greater the buffer zone the easier it is to throw money down the rabbit hole. I'm focused to get leveraged to the hilt and take opportunity of this raging bullish stampede to who knows where. There is no real end in sight for the S&P 500 rally. I still clip coupons and never buy a lotto ticket. I'm a clandestine millionaire hiding from the IRS.
 
PCLN going up +42 points after hours trading - this feels like a tinge of the top in 2000. But I'm not going to cut and run. It's not my money so I don't care.
 
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