Birchtree's Account Talk

[Birchtree]

US in a Sweet Spot! | Puru Saxena | Safehaven.com

"The NYSE A/D line has recently climbed to a new high."

Looking back to January 2012 my oceanic account took in +$283K, in January 2013 I took in +$304K, but in January 2014 I gave back -$196K - so January 2015 should be very lucrative for my oceanic account if you can follow that logic.

 

[Birchtree]

Sonders says the number of bond mutual funds that own or are buying stocks is at its highest point in 19 years.

 

[tsptalk]

A lot of folks have been calling highs in bonds for a long time... including me.

I would ask if that is a contrarian indicator but I usually think of bond traders as the smart money.

 

[Birchtree]

My oceanic account did fine this week: -$61K, -$9K, +$186K, +$128K, +$54K for a gain of +$298K. That still leaves me -$34K short on the month which I'll get back next week. "Success breeds complacency. Complacency breeds failure. Only the paranoid survive."

 

[hotwings]

My oceanic account did fine this week: -$61K, -$9K, +$186K, +$128K, +$54K for a gain of +$298K. That still leaves me -$34K short on the month which I'll get back next week. "Success breeds complacency. Complacency breeds failure. Only the paranoid survive."

Luv that quote...

 

[hotwings]

How I wish I had +$500K to spend on oil and coal stocks - I could do it in a heartbeat. An all out bull rally is not totally out of the question even from our current level.

BT,

Check out the link below...

BTU Insider Transactions | Peabody Energy Corporation Comm Stock - Yahoo! Finance

Seems to me BTU Directors are doing some serious buying down at these levels.

 

[Birchtree]

David Tepper is saying the market is like 1999 and 2015 is headed for overvaluation - bring me to nirvana. I can certainly use another +$1M.

 

[MrJohnRoss]

Hello 18,000.

 

[Birchtree]

We're going to rack close to 1000 points in five or six days - that has to be a record of some kind.

 

[hotwings]

We're going to rack close to 1000 points in five or six days - that has to be a record of some kind.

I respect Tepper alot. Then he goes on to say that the market could get overvalued which could result in bubble like conditions. We just need to be mindful of what happens when the market overheats. In the interim, we need to enjoy the ride up.

 

[Birchtree]

Melt-Up? Earnings Vs. Animal Spirits | Seeking Alpha

 

[Birchtree]

This past September my oceanic account had a miss of -$420K - I plan to get every penny of that back this January.

 

[Birchtree]

Since no one is paying attention I believe I can get away with these comments. You can tell the board is full with young, inexperienced investors as they're paranoid about a fall. We older experienced rich gents have seen it all before...we know when stocks fall that's the best of time's, every thing is on sale.

 

[Birchtree]

The oil and related sectors are being hammered again like fine silver - after the first of the year I'm going to further load up the truck. We'll be back to $90 oil by the end of 2015.

 

[guppie]

Since no one is paying attention I believe I can get away with these comments. You can tell the board is full with young, inexperienced investors as they're paranoid about a fall. We older experienced rich gents have seen it all before...we know when stocks fall that's the best of time's, every thing is on sale.

If only I had been wise enough to listen back when the S&P hit 666. You made the same sort of statement then. At the time I did not realize what the endless printing of currency by the FED would do to stock prices. I get it now, but it seems the printing is going to come to an end soon. Any thoughts

 

[ATCJeff]

The oil and related sectors are being hammered again like fine silver - after the first of the year I'm going to further load up the truck. We'll be back to $90 oil by the end of 2015.

Bold prediction. I'm not so sure we will see $70 oil in 2015.

 

[guppie]

I'm afraid once Putin starts to play nice there will be a dramatic shortage of oil again. Crushing oil prices is squeezing his economy. Once the politicians from Russia and the Ukraine resolve the land bridge issues from Russia to Crimea I think oil prices will climb very quickly. BT what oil stocks are you tracking?

 

[Birchtree]

I'm afraid once Putin starts to play nice there will be a dramatic shortage of oil again. Crushing oil prices is squeezing his economy. Once the politicians from Russia and the Ukraine resolve the land bridge issues from Russia to Crimea I think oil prices will climb very quickly. BT what oil stocks are you tracking?[/QUOT

If I tried to answer that question I'd be here all day - if it smells like oil I want to own it.

 

[guppie]

Fair enough. thanks, jt

 

[Birchtree]

Taking Off in The Rain | Erik Swarts | Safehaven.com

How I remember 1982 so well - I made good money off that low by being a contrarian.