Birchtree's Account Talk

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Re: Birchtree's account talk

Steady,

I've been shopping around at www.lakekeowee.com most of the afternoon. Using the maps to find my way around. One property just dropped from $799,000 to $727,000. Tomorrow I'm back to Lake Glenville - preparng to spend some of my profits next year. I'll be visiting the areas in January.
 
Re: Birchtree's account talk

Damn Birch :worried:

You're way to open about this stuff. Sometimes I worry about you and I really mean that.

There's a lot of people 'hurting' out there - and this is the last thing you should be spelling out.

BUT - I'm really proud of ya - you have done incredibly well and deserve whatever you get. Don't make yourself a 'target' though Birch...:mad:

that's the last thing I want

but if you ever get in some situation send me a PM.
 
Re: Birchtree's account talk

Sheeet, a target - what kind of a target. I don't live there yet. I'm just shopping and I'll be shopping for the next twelve months - putting my name out to the realtors. I'll be their vulture. Better pricing is on the way. I can write a check off margin at 3% and not even bother with the banks - but you have to have an acquired asset base that's appreciating inorder to do this and that's where the bull will help. Let the dividends continue to roll.
 
Re: Birchtree's account talk

I'm noticing a good many properties that have never been lived in - I suspect builder owned and built as a spec house during the great real estate bubble. I would surmise the banks are eating their lunch - and these builders will take less and live to build another day. And I'm sure there are many owner sales available outside a realtor but I have to have my shoes on the ground to notice them. But now I'm just getting a feel and talking to a few real estate professionals - they are getting desparate for sales or they don't eat. One place called www.bearlakereserve.com has oodles of resales available and the agent I talked with said it has been very quiet - no business. I was last there a few years back when the property was owned by Centex Corporation. So if the bull gives me money I'll take opportunity and become a half-back during retirement. I've got three pages of property to look at on Lake Glenville - such a nice place.
 
Re: Birchtree's account talk

Today my oceanic only lost $137.81 which tells me the correction is finished. The selling has dried up and the bullish stampede will begin. The first good up day we get I'm going to dump $50K down the rabbit hole - got the buying list ready to go. Why don't I buy on the lows you may ask - well I'm done with that for this cycle. Besides I have enough fallen angles that were purchased when they were beaten down - now patience requires that I buy only on the up days. And I've got a lot of buying to do all the way to Dow 17,000. And if we go that high I'll be spending millions.
 
Re: Birchtree's account talk

Exports accounted for 13% of GDP in 2008. Our recent increase in exports and reduction in the trade deficit will add to the second quarter GDP going from a possible minus 1.6% to plus 0.2%. Exports may take up the slack and provide the needed catalyst to spark the recovery and continue this leg of the new cyclical bull market. Because exports boost GDP and imports drag it down, the narrowing of the trade gap helps boost overall growth figure. This increase may actually help unemployment and reduce the number of folks out of work. I think I'll buy a few fallen angles this afternoon if the market continues to rally.
 
Re: Birchtree's account talk

I'm still thinking in terms of symmetry for the market and the new cyclical bull leg. The market will tend to move in ways that confound the consensus. The market didn't pause much on the way down, so why should one expect it to pause on the way up. Well it has paused for four weeks and still the buyers' strike remains. Following the technical principle of symmetry would suggest that the recovery will mirror the fall. I'll be patient because I think the meltup will eventuall kick into full gear. And then we'll see volume explode as money rushes through the door.
 
Re: Birchtree's account talk

To summarize my oceanic account rallied to the tune of $483K in fourteen weeks. During the last four week sideways correction I gave back $155K so the account is still ahead $328K. I may perhaps get some of that back today. I suspect the 89 purchases I've made in the last two weeks will begin to help. I bet I can make the $155K back in the next two weeks.
 
Re: Birchtree's account talk

I decided to step in and buy a few trinkets: UBS, BCS, BK, CBG, BWS, UDR, MAS, SVU, BIP, FCF. If we continue to rally for the next few hours I may return to add a few more collectables to the portfolio. Now is the time to buy.
 
Re: Birchtree's account talk

:) Hey,
Well it looks like I like pain, so I'm back with Birch! I am mad after seeing my account go up, then down and down and down, going no-where. I said screw this! When I was last on the Birch-train Express at least it took you way up before putting you on your b-hind, losing all your gains. I read a lot of market; predictions. analysis. etc. And I felt it was time to jump. Heck, How much lower on that darn MB Listing can you get below
170? :mad:
Never mind! :p
Don't Answer! :embarrest:
 
Re: Birchtree's account talk

Just went in and purchased a few more darling wall flowers: TIE, BXS, CFI, CBU, PVR. If we get follow through tomorrow I'll step in front of the train again. I have a lot of buying to do to build that base and today the holy grail is working perfectly.
 
Re: Birchtree's account talk

Frixxxx,

I have no plans to dump my CIT - they will be saved to help keep small business working. It's small business that creates most of the jobs in this country.

Dannyboy,

There is a fine pair of sticky pants for you in the mail. The VIX is at 26.33 today and that's bullish my friend. We need this bull to stay on the stampede.
 
Re: Birchtree's account talk

Ferdinand relates to me that the seismograph is showing some vibrations with amplitude off in the distance - that means tomorrow could be dynamic. That's what I need - amplitude. CSX had some good earnings - must be moving more than coal. It's time to buy more.
 
Re: Birchtree's account talk

My new Bank of America account tells me I have a 144.17% gain in my (DIN) Dine Equity position - so I went back and looked at my purchase dates and prices; 10/28 at $12.93, 11/26 at $10.87, 12/08 at $17.77 - so buying on the bottom does pay off. I do not plan to sell this position until I'm up over 300%.
 
Re: Birchtree's account talk

"We can't help but note that if the market can find support and push back up through the diagonal joining the two highs then a massive Rev ersal is in prospect. As Q2 earnings data released over the coming weeks, market direction will be dictated by the strength or otherwise of corporate profitability and with Q2 GDP due out also this month."

http://www.marketoracle.co.uk/Article11992.html
 
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