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Birchtree's Account Talk
- Thread starter Birchtree
- Start date
wavecoder
Active member
wavecoder
Active member
Similar with Biotech I noticed. IBB crashed about a week before the rest of the market followed, around mid-late last year. IBB has been trucking along lately so if the rest of the market follows, then that's good news for my C fund :nuts:
MrJohnRoss
Well-known member
Nice work Chief. Although I won't pull in your dollar amount, my accounts are at record highs thanks to a phenomenal February. Let's hope the trend continues.
Birchtree
Well-known member
There are those times when the market refuses to propitiate: -$29K, +$45K, +$26K, -$26K, -$28K for a give back of -$22K. That left me stranded for the month of February in my oceanic account at +$458K - I'm now golden at +$116K ytd. Ah, but March may tell the true story. I do have 105 dividend reinvestments to look forward to in March and am now sitting at 38 dividend increase announcements ytd. So let the bullish train roll on as my gains continue. It proposes to be a profitable year - probably even better than 2013.
Birchtree
Well-known member
"Oil-field services company Baker Hughes Inc. said its count of rigs drilling for oil in the U.S. fell by 33 this past week to 986, slipping below 1,000 for the first time since June 2011. Though that number is down 31% from a year ago, the weekly decline fell short of what analysts said would be necessary to have a substantial effect. Research consultancy Ritterbusch & Associates said the weekly count would have to fall by at least 50 to affect the market." I do believe it's time to add to my oil portfolio.
Birchtree
Well-known member
A few words from my WSJ. "Feeling smarter after the market rises. Everyone loves a bull market. You can make money without much effort. But that feeling can be dangerous, because it can increase your confidence more than your ability. If you have done great as an investor over the past five years, check your ego at the door. Almost everyone has done well. The true test of investor skill is how you react during times of panic and distress.
Feeling victimized after the market drops. After every big market drop comes the finger pointing. People blame Wall Street, high-frequency traders, politicians and stockbrokers. The truth is anyone owning stocks has signed up for a game with a history of repeated busts, crashes, pullbacks, and bear markets. It is the norm.
The more victimized you feel after a market drop, the less likely you are to learn how normal and inevitable these drops are. Learn more and complain less, and you will be better off in the long run."
Feeling victimized after the market drops. After every big market drop comes the finger pointing. People blame Wall Street, high-frequency traders, politicians and stockbrokers. The truth is anyone owning stocks has signed up for a game with a history of repeated busts, crashes, pullbacks, and bear markets. It is the norm.
The more victimized you feel after a market drop, the less likely you are to learn how normal and inevitable these drops are. Learn more and complain less, and you will be better off in the long run."
soon2retire
Member
Birchtree, what do you think about this stock (AXAS) I own a few shares and it was up to over $6 per share before the oil bust. I was able to sell and double my position and I hope it survives to make it back to the $6++ range and I think it will...
Birchtree
Well-known member
If I could just get my wife out of the saddle and to retire I'd be playing in her IRA and buying some biotechnology to speculate for quick money without tax considerations. "There are 101 companies in the Nasdaq Biotechnology Index with less than $100 million in revenue in the trailing four quarters, according to FactSet. Combined, they had revenue of $2.5 billion. Yet their total market value is nearly $130 billion, about 52 times sales. Compare that with a bigger more established biotech like Amgen. It has a market value of slightly less than $120 billion and trades at a price/sales ratio of just six times. Remember, too, that clinical stage biotech firms earn a significant portion of revenue from research grants and milestone payments, rather than product sales. Given this, investors are paying dearly for potential drugs, or the chance of being bought out. Granted, big pharmaceuticals companies seem intent on growing by acquisition. At some point, though, the deal making music will stop. When it does, quite a few biotech investors might be left without a chair." Just thought you'd like to know the game.
Birchtree
Well-known member
"Impatience. Investing requires, more than anything, patience and discipline. But it often attracts the impatient and impulsive. Markets tend to produce strong long-term returns, but the desire to pull those returns forward and earn more money now, today, has caused more misery and remorse than perhaps anything else in this business. Lengthening your time horizon is one of the best things anyone can do to improve his or her investment outcomes." I'm now at 43 increased dividend announcements with many more to announce.
Birchtree
Well-known member
I found this very interesting. "Sydney. They're called selfies, and they are making professional fund managers here nervous. The expanding ranks of Australians who manage their own pension savings are helping drive stocks to levels not seen since the global financial crisis. Driving this shift are record low Australian interest rates that make it less attractive for baby boomers, retirees and others to hold cash or invest in government bonds. Dividends can provide better income. Selfies are the army. They're the biggest equity investor in the market and have an almost singular focus on dividends." Sounds familiar to me.
Birchtree
Well-known member
Lower prices means I buy more stock with my dividend money. I believe in owning dividend paying stocks on the belief we are in a secular market that has years left to run. Europe is ready to start a QE driven bull market - maybe that's where the sellers today are going.
Birchtree
Well-known member
I wanted a little pain to spring my way and I got some today - only helps with my dividend purchases and I may add to some of my oil positions on Monday. Here is how the week ended: +$26K, -$24K, -$48K, +$3K, -$102K for a tender give back of -$145K - not so bad, I'll gladly take a little more. It's going to be a long month and with 105 dividend purchases they gotta go somewhere. I am not naïve so I have to believe that the economy and earnings are strong enough to continue the upward trend in the market. The days of wine and roses have arrived and I'm pushing $100K either way. We are in the fourth best bull market since 1928 in terms of both duration and magnitude - exit at your own risk. Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected. Fear like today is still the strongest emotion keeping many investors out of this bull market. Morgan Stanley says SPX 3000 before 2020 - I'll take that ride.
Bullitt
Well-known member
That's why I never bought stock in Uncle Warren's Berkshire.
Would have liked to have seen a higher jump in VIX yesterday, but did some buying anyway.
Birchtree
Well-known member
No new news from Mario yet today? "Worrying about things you can't control. You have no control over what the Federal Reserve will do next, who will win the net election, whether a company will meet earnings expectations OPEC's oil-output decisions or the next monthly jobs report. You do have control over your own expectations, asset allocation, reactions to market volatility and the people you choose to listen to for financial advice. Use the time and energy devoted to the former to improve the latter."
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