Birchtree's Account Talk

[exnavyew]

I've noticed a big # of very successful investors were the contrarian types. Problem with that strategy is it's super hard to follow. When everyone else is panicking it's a natural human instinct to follow the herd. It takes practice to de-train your natural wiring hehe.

I agree 100%. I find it VERY hard to do this and as a result got burned last October during that big dip. With the benefit of hindsight when you look at the charts from then til now that was a
great 'entry-point'. Sigh. Oh well, live and learn. :smile:

 

[Birchtree]

I did manage to catch some fast money yesterday though it was unintentional. Mylan (MLN) is taking out my Perrigo (PRGO) for a +$33 premium - just wish I had 5,000 shares but I can't be proud and will take what they give me. The question now who is next.

 

[MrJohnRoss]

Besides the one time pop in stock price, what do you think of GE getting out of the financing business? Jack Welch thinks it's good, but long term, I'm not so sure. There's a lot of profit to be made in financing.

 

[Frixxxx]

Besides the one time pop in stock price, what do you think of GE getting out of the financing business? Jack Welch thinks it's good, but long term, I'm not so sure. There's a lot of profit to be made in financing.

I agree, shedding a $2B/yr business doesn't seem like the right move.....I am thinking that maybe they are not telling us something "hidden" in that business unit. Maybe they're getting rid of it in preparation for interest rates climbing this year? Very perplexing.

 

[Birchtree]

GE may be thinking that interest rates are not going up enough soon enough for them to make serious money. I've been nibbling on GE for years and will certainly welcome a $50 share price.

 

[Birchtree]

It was just one of those softy weeks where my small caps stayed on the side lines: +$55K, -$29K, +$16K, +$14K, +$11K for a gain of +$67K. I'll take slow money all day long if necessary - still getting those dividend reinvestments. I've now collected 48 dividend increase announcements ytd - there should be many more on the way.

 

[markmars]

I've noticed a big # of very successful investors were the contrarian types. Problem with that strategy is it's super hard to follow. When everyone else is panicking it's a natural human instinct to follow the herd. It takes practice to de-train your natural wiring hehe.

When your stock is falling buy more it's on sale!

 

[Birchtree]

DOW is currently down -277 and that is fine - makes for better pricing the rest of the month. I have one stock that is up over 8 points today and that will cover many of the nickel and dime losses from my small caps. I'll be waiting on SPX of 2119 for a break out. Investing straight ahead and not looking back as long as I have dividends doing the heavy lifting. I'm not giving up any of my capital gains just yet.

 

[Birchtree]

Tumble, tumble,tumble - sometimes it just don't pay to play, however I did manage to capture 7 dividends today. My oceanic account looked like this: -$23K, +$40K, +$83K, -$39K, -$97K for a weekly loss of-$36K. So on to next week we go.

 

[JimmyJoe]

Tumble, tumble,tumble - sometimes it just don't pay to play, however I did manage to capture 7 dividends today. My oceanic account looked like this: -$23K, +$40K, +$83K, -$39K, -$97K for a weekly loss of-$36K. So on to next week we go.

The I Fund is not doing so bad.

 

[Birchtree]

It would appear to me that someone is trying to steal one of my wall flowers - Associated Estates RLTY (AEC) for an all cash buyout. This does not please me - let there be a white knight to the rescue. The market controls me not the other way around - so I'll be looking for a replacement.

 

[Mcqlives]

DOW is currently down -277 and that is fine - makes for better pricing the rest of the month. I have one stock that is up over 8 points today and that will cover many of the nickel and dime losses from my small caps. I'll be waiting on SPX of 2119 for a break out. Investing straight ahead and not looking back as long as I have dividends doing the heavy lifting. I'm not giving up any of my capital gains just yet.

You posted this the week before last...So now the 2119 is being played with...I hope you are right about the breakout!

 

[Birchtree]

I now have acquired 66 dividend increase announcements ytd - so progress continues. This could be a year of slow money growth.

 

[Birchtree]

It was a week that wasn't. My oceanic was just floating around: -$33K, +$39K, - , -$72K, +$63K for a small give back of -$3K. I did however make a +$28K for the month of April compared to a $0 gain in April 2014. May of 2014 handed me a +$100K gain - I'm almost there in one day. So May should be very profitable this year. In February 2015 I took in +$458K so there is plenty of potential if the market wishes to propitiate. I'm excited about the rest of this year - I may even blow out a few lily padders on the tracker by the end of the month.

 

[Birchtree]

Without sounding overly braggadocio I plan to use some of my spill money to pick up some more oil stocks come Monday - I'll be adding to already existing positions with perhaps a few new wall flowers to sweeten the portfolio. I'm constantly reminding myself as a cycle rider that this is the year when the Kress yearly cycles all kick into the upside - that could mean several $M for me. I'll also be adding to my IEV I shares Europe ETF. No fear here - just keep it moving along.

 

[Birchtree]

I'm punching out some spill money today and buying: BTU, CLF, BTE, IEV, SDRL, ANR, SBGL, TRN. I still have many more wall flowers on my list.

 

[Birchtree]

I fell from #27 to #37 on the tracker - today may be different. Looking to get past bjean. There is a slew of S funders further down the tracks that may never catch the caboose of this bull train. My plan is to be in the teens by the end of May.

 

[Whipsaw]

I fell from #27 to #37 on the tracker - today may be different. Looking to get past bjean. There is a slew of S funders further down the tracks that may never catch the caboose of this bull train. My plan is to be in the teens by the end of May.

Birchtree, I did notice you've beek kicking tail on the AT!

 

[Lakebound]

Birchtree, I did notice you've beek kicking tail on the AT!

Yep...... Looking good BT! Man, I love it when people make money!! (Even when I'm not at the moment) Capitalism baby!!

Frank

 

[Birchtree]

Looking back 3 weeks ago the market was down -279 one day and took -$97K from my oceanic account (Birchtree 300). Perhaps today I'll get most of that back. We'll most likely close +300 with new SPX highs. Money is getting ready to slam into this market and push the Dow +1000 points higher - be in to win.