Birchtree's Account Talk

[Steadygain]

Re: Birchtree's account talk

Well I will go out on a limb here

All BS aside, I honestly mean this


I believe the BULL is taking over and today reflects that well. You simply can not realistically have a BOUNCE like yesterday without some settling

settling is what occured and things are still in the BULL's favor

so all we saw today was a mild rest - which will occur since the BULL is very out of shape

no reflection on you Birch - in the short term I'm with you

 

[WorkFE]

Re: Birchtree's account talk

Alright Birchtree stop posting in Steady's name and where did you hide him:laugh:

 

[Steadygain]

Re: Birchtree's account talk

I believe the BULL is taking over and today reflects that well. You simply can not realistically have a BOUNCE like yesterday without some settling

settling is what occured and things are still in the BULL's favor

The Markets are honoring you my King

We are grateful for your inspiration

 

[Birchtree]

Re: Birchtree's account talk

So let's restore the uptick rule, suspend the mark to market accounting, and have the Fed buy more MBS as they have stated. They've only spent $50 billion so far of $500 billion.

 

[Steadygain]

Re: Birchtree's account talk

So let's restore the uptick rule, suspend the mark to market accounting, and have the Fed buy more MBS as they have stated. They've only spent $50 billion so far of $500 billion.

That suspension is absolutely UNAVOIDABLE in any formula looking for the fastest possible 'recovery'

Consider it done.

 

[Birchtree]

Re: Birchtree's account talk

" The market is compressed", Prechter said in the note published yesterday. "When it finds a bottom and rallies, it will be sharp and scary for anyone who is short. I would rather be early than late."

 

[Birchtree]

Re: Birchtree's account talk

"Five indicators to see if and when a recovery is underway. 1. Takeovers accelerate, 2. Number of people on unemployment starts to drop. 3. Oil prices stabilize. 4. China electricity consumption statrs to increase. 5. IPO market recovers. There's always been a correlation between the size of market recovery and depth of the downturn during a recession. Considering the handsome rewards afforded those who stuck it out during the past few soft recessions, the rewards for sticking this harsh one out will likely be far greater than all of them."

http://news.goldseek.com/GoldSeek/1235545560.php

 

[Birchtree]

Re: Birchtree's account talk

Well I'm resigned to the fact that today may be another downside. So I'm going to go out and transplant my Shishi-Gashira (Camellia Sasanqua) and my Kramer's Supreme (Camellia Japonica) and then plant a few cucumbers. I've been composting and preparing the ground all winter. Life goes on.

 

[McDuck]

Re: Birchtree's account talk

• [$$] GE to Cut Stock Dividendat The Wall Street Journal Online(Fri 3:25pm)
• Moody's says may still cut GE's "Aaa" ratingat Reuters(Fri 3:24pm)
• GE slashing payout to protect "flexibility"Reuters(Fri 3:19pm)
• GE to Cut Dividend to 10 Centsat TheStreet.com(Fri 3:15pm)

 

[Steadygain]

Re: Birchtree's account talk

Well I'm resigned to the fact that today may be another downside. So I'm going to go out and transplant my Shishi-Gashira (Camellia Sasanqua)

Wow - that's got a great sound to it Birch

I would mind a hit or two of that

and my Kramer's Supreme (Camellia Japonica)

My gosh - and FL is bound to have the right soil for "Supreme"

Humm sounds like it originates from Jamaica :nuts:

and then plant a few cucumbers. I've been composting and preparing the ground all winter.

Life goes on

You got it Birch - screw this day to day crap

Kick back - enjoy some real things and just chill for 6 months. But always (and forever) make it known the BULL AIN'T DEAD

He's just hiding

 

[Birchtree]

Re: Birchtree's account talk

I'm sure there is some good news somewhere - I'll keep hunting. Otherwise all I have is that the Wilshire 5000 is still holding above its low of 7340 at 7473.97. Also the NYSE is slightly below its previous low at 4651, now at 4617. The 1982 trend line is still holding at 710 - currently at 735.09 for the SPX. Other than that I'll try not to get irascible - looking forward to my March dividends. Sorry to hear about the dividend cut by GE - that means I get one more $0.31 hit at the end of April then we move to $0.10 per share. My SGP and WMK will pay on Monday. Tuesday is loaded with dividend reinvestments. This weekend I'm going to buy two peach trees to plant for the wife. For me, I'm going to plant some Bandit (hybrid) sweet corn and have my Kentucky Wonder pole beans run up the corn. That will keep my back and mind active away from the market - time for a small break.

 

[McDuck]

Re: Birchtree's account talk

I'm sure there is some good news somewhere - I'll keep hunting.

[FONT=ARIAL,VERDANA,HELVETICA][SIZE=+7]WORST MONTH SINCE 1933[/SIZE][/FONT]

 

[Birchtree]

Re: Birchtree's account talk

Well Greg, from a contrarian standpoint that should mean something - the rebound should be calamitous if we ever get one - until then I'm continuing to dollar cost average my accounts. It's really to late to cut and run. I can take some more pain because I still have no fear - been through this nonsense before several times.

 

[Boghie]

Been Through This Nonsense Before...

Birch,

This may be the 'King of Nonsense'. We have leadership that has no idea on how a stock market behaves and no clue on what makes a free economy function...

Every move 'The One' makes is a charge. He is just rampaging around on the court, eyes wide shut, thinking 'I got game, man'.

But, he ain't got any. And, his coaches never watched a game on TV.

We is in trouble folks.

How low can it go

 

[Steadygain]

Re: Birchtree's account talk

Well Greg, from a contrarian standpoint that should mean something - the rebound should be calamitous if we ever get one - until then I'm continuing to dollar cost average my accounts. It's really to late to cut and run. I can take some more pain because I still have no fear - been through this nonsense before several times.

Birch,
Hey man I'm not trying to but in your conversation but was interrupted and had to deal with another situation and coming back for one last peek.

'IF WE EVER GET ONE' - There is absolutely NO DOUBT that we will rebound and when that happens it will go crazy and last a long time.

DCAing usually by far beats the typical Market Timers - so in the long run you're pretty impossible to beat. Screw this S*** Birch it's just going on soooo long it's wearing everyone out.

I think if I held on as long as you - especially with such an incredibly strong stance - I'd just stay the course as well. I mean what's another 20% in addition to everything else. Once things do turn around (and you've still got plenty of time) YOU WILL MAKE A FORTUNE.

I can take some more pain because I still have no fear - been through this nonsense before several times.

FIRST PART is undoubtedly TRUE - you do have NO FEAR.

SECOND PART - you've been through some recessions - but not on this magnitude and under these conditions. That's why the MB is so full of bashing - because somehow they think this person or that group can really make a difference and so they are venting anger and frustrations that the PAIN is ongoing and seems like no end in sight. No one honestly has a clue how much it's going to really cost and everytime they inject more money and 'bail out' someone else they all go crazy.

BUT hang in there BIRCH - Because I know there is absolutely NO DOUBT that things will get better and TRACTION will solidly be in place by 2010 or in 2010.

I think you're idea of taking a break is a very good one. Watching the Markets on a day to day - and getting wrapped up in all the garbage will only drag us down.

Take care my brother and have a good weekend.

Steady

 

[Birchtree]

Re: Birchtree's account talk

I'm going to plant two peach trees and do some gardening. I have a portfolio with 323 individual stocks - that is my holy grail. Several years ago I was critized for having too many stocks in my portfoilo. If I had 20 stocks divided up into the money I have at work I would own positions of multithousands of shares each and would have been burnt toast many months ago when we had our panic selling. Diversification has saved me this time around - certainly I feel pain but I can take more knowing that at some point all this nonsense will end. Until then I'll just keep accumulating shares both stocks and C fund - they say no pain no gain. Let me get my fill of both pain and precious share pricing. Snort.

 

[WorkFE]

Re: Birchtree's account talk

The eventual return of the UP trend will heel the pain my friend. Not that I'm telling you something you don't already know.

 

[McDuck]

Re: Birchtree's account talk

Snort.

Birch has a good weekend.

 

[tsptalk]

Re: Birchtree's account talk

I have a portfolio with 323 individual stocks - that is my holy grail. Several years ago I was critized for having too many stocks in my portfoilo. If I had 20 stocks divided up into the money I have at work I would own positions of multithousands of shares each and would have been burnt toast many months ago when we had our panic selling.

How have your 323 stocks performed compared to the S&P 500 or Wilshire 5000? You may have done better holding just 1 or two funds. Or better yet, holding 0 individual stocks (OK, not practical).

I hope it works out for you in the end.

 

[Birchtree]

Re: Birchtree's account talk

Tom,

Every one of my stocks has been devalued in this bear market - there has been no place to hide. My original intention was to purchase shares that provide income to be used in coming years as dividend reinvestments - I'm staying with that strategy. Some of my dividends have been reduced and some suspended. This year through Thursday, there were 45 dividend increases and I caught some of them. This figure however, is down from 80 increases in the same period last year, and the average increase is 8%, compared with about 13% for all of 2008. So things are definitely starting to grow scarce. But I'm hanging tight. My asset base remains intact and will hopefully be around to help produce gains when ever the turn up arrives - and it will. I have faith that I will indeed collect my rewards, but I may have to endure more pain first - that's my sacrifice.