Birchtree's Account Talk

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The month of April was a zippo (0) gain for my oceanic account - at least it didn't go negative. In April 2013 I only took in +$7K. So May has the potential to do much better. Now that we have a new record all time high in the Dow - things should really start to heat up, especially for those that have missed the bull run of the last six years. A Dow of 16,580 is only a rest stop on the wat to 24,000 by the end of the year - that should boost the old man up another +$1M.
 
Birchtree said:
The month of April was a zippo (0) gain for my oceanic account - at least it didn't go negative. In April 2013 I only took in +$7K. So May has the potential to do much better. Now that we have a new record all time high in the Dow - things should really start to heat up, especially for those that have missed the bull run of the last six years. A Dow of 16,580 is only a rest stop on the wat to 24,000 by the end of the year - that should boost the old man up another +$1M.
Click to expand...

My GE is performing, DOW puts in record closing high...

View attachment 28421
 
I happen to have 9 dividends due today for reinvestment so some small cap weakness would be purrfect. As a nonpremium sorta guy I'm holding down #109 on the tracker and ready to break into the top 100 zone. Seeking escape velocity for the Dow and more QE from Europe - that'll be exciting.
 
Now this is a little weird - I had over 1,000 views overnight - must be DHS, IRS, DOJ, BLM, NSA, AFT, HHS, FDLE are all watching me - no wonder I'm paranoid.
 
Birchtree said:
Now this is a little weird - I had over 1,000 views overnight - must be DHS, IRS, DOJ, BLM, NSA, AFT, HHS, FDLE are all watching me - no wonder I'm paranoid.
Click to expand...

Hmmmm... I haven't been watching my views, just checked, at 11,720, you've got me beat by a factor of 100 :rolleyes:
 
A wee little more weakness is welcomed to soak up my 7 dividend reinvestments for today - I also purchased TEX and MTW - both in the same crane industry. I have a total of 54 dividends due in May. Now on to the real good news - looking back to May 2012 I was the beneficiary of a -$447K hit to the groin - now that did hurt but only temporarily. May 2013 produced a +$163K gain - any bets on this month. I'm inclined to believe it will be an exceptional month for account growth. Snort.
 
My oceanic account continues to roll on: -$29K, +$26K, +$43K, +$5K, +$21K for a gain of +$66K. Well even if I'm not setting the world on fire I'm not toasted either. At least I can start out the first two trading days of May in the positive. I'm going to remain upbeat about the rest of May. Jeremy Grantham says the SPX will continue to rally to 2250 and then the market bubble will pop - not if we continue to do rolling corrections - the top may be years away yet.
 
Well I'm totally psyched for a multiple hundred $K week - now sitting at 75 dividend increase announcements. It seems to me having such a profound income stream is way better than being employed - this money is forever and growing. It's a good time to be fully invested - no holding back out of fear. Many market elements have come together to suggest to some that we are in a time zone and a price zone to be looking for a potentially important top. Not me, there is no negative divergence on the advance/decline line, yet. Some technical numbers are indicating exceeding escape velocity and foretelling a further roaring bull market to come. Bring me margin buying power and I'll chase Ferdinand until I drop. Snort.
 
Ferdinand is the Disney cartoon bull that would rather smell the flowers than enter the bull fight arena - he is my bull market mascot. And I'd like to chase him all the way to Dow 24,000 this year.
 
"The NYSE advance-decline line has now made another all time high and that is nearly always a bullish condition for the market."
 
I looked at WHZ (Whiting USA Trust 11 at $13.77 paying a current yield of around 21%. The question is how long will this yield last before they reduce their payout - that's the risk factor. With the price of energy stable and climbing any future inflation of commodities will help Whiting maintain their numbers. Buy 200 shares and watch it for six months or so and then add to those holdings on a dollar cost averging approach. Sometimes you just have to take a chance.
 
Looks like you're dollar fell through the triple bottom faster than your fall on the tracker...
 
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