Birchtree's Account Talk

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A note from Dennis Gartman: "I've been at this 40 years and the one thing that makes sense in a bull market is that really longs, pleasantly long and neutral are the only positions you can have." With the oil rotation being positive for me I'm reminded that rotation is the life blood of a strong market. I'm getting some nice energy stock purchases. Picked up dividend increase announcement #161 ytd with BMY. Only nine more to go for camper happiness. With dividends, it's the growth in payouts that fights inflation, fights taxes and helps pull along stock values.
 
Birchtree said:
A note from Dennis Gartman: "I've been at this 40 years and the one thing that makes sense in a bull market is that really longs, pleasantly long and neutral are the only positions you can have." With the oil rotation being positive for me I'm reminded that rotation is the life blood of a strong market. I'm getting some nice energy stock purchases. Picked up dividend increase announcement #161 ytd with BMY. Only nine more to go for camper happiness. With dividends, it's the growth in payouts that fights inflation, fights taxes and helps pull along stock values.
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Planning to DCA in VDE for my IRA.
 
MrJohnRoss said:
Looks like your SDRL is trying to find a bottom in the 11.50 range. I'd be selective on my purchases, just to be sure the floor doesn't drop out again. It may be a dog for a looooonng time.
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Chief, ya doing okay? You haven't jumped out a window or anything, have ya?

SDRL down - now near 11. Still searching for a bottom. Don't pull the trigger yet...
 
konakathy said:
Bulldaddy is probably out grazing in the field picking wallflowers. ;)
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Okay Kathy, curiosity has gotten the better of me...

What's with the little green symbols in your signature line?

(Sorry to hijack your thread, Chief, but I'm sure you're just as inquisitive as I am ;))
 
This wasn't the worst week I've had this year but it ranks #2: -$110K, +$65K, -$179, +$6, -$114 for a grand give back of -$332K. #1was a -$380K give back in October and I actually ended up positive on the month, let's see if the same thing happens for December, afterall Kwanzaa starts on the 26th. I have been racking some nice dividend purchases and sometimes the slow money is just dandy with golden prices. Today may have been capitulation. I'm not running for cover but rather staying right on the tracks. "Current conditions are far different than the excessive optimism that contrarians consider a hall mark of major tops in the equity market." So I'm still bullish and even more so now that some pain has come my way.
 
Birchtree said:
This wasn't the worst week I've had this year but it ranks #2: -$110K, +$65K, -$179, +$6, -$114 for a grand give back of -$332K. #1was a -$380K give back in October and I actually ended up positive on the month, let's see if the same thing happens for December, afterall Kwanzaa starts on the 26th. I have been racking some nice dividend purchases and sometimes the slow money is just dandy with golden prices. Today may have been capitulation. I'm not running for cover but rather staying right on the tracks. "Current conditions are far different than the excessive optimism that contrarians consider a hall mark of major tops in the equity market." So I'm still bullish and even more so now that some pain has come my way.
Click to expand...

Whenever I see anyone (esp newbies) lamenting how much the market has fallen and how much they can't take it anymore and just need to get out, I will link them to your account talk.:)
 
I count 24 dividend reinvestments for today, so another day of weakness would be appreciated. Right now, everyone seems to be trying to short the market, when everyone should be long dividend paying stocks, precious metal stocks and forbid energy stocks. In this aging bull's favor, it's still cheap to borrow to buy and build. All in is the only way to play this game. As a wise investor I'm positioning myself for a year from now. I have a bias toward buying equities everyday and almost never selling. That means adding to stocks sheepishly on up days and voraciously on down ones. Prepare yourself for some true lunacy ahead as we start the next leg from current levels. "With the 60 year Kress cycle in its final year of descent, a final flare of deflationary pressure in the global economy can't be ruled out." How true.
 
I can't help myself - I'm addicted to stocks so I just bought more SDRL. RDC, CBI. It's like shopping at the candy store.
 
"Perception sets asset prices." I expect the secular bull market to run until at least 2031 and that's my game plan - leverage to the hilt.
 
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