Birchtree's Account Talk

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Re: Birchtree's account talk

Kevin D,

If only I were that smart. I played it the best way I could and survived to play again. Now next time I'll be retired and the situation will be played differently - but capital appreciation will always remain paramount.
 
Re: Birchtree's account talk

The pending home sales come in hot at 3.6% - may portend a no dip day. Buying in higher can be fruitful with this momentum. As long as folks continue to call this a bear market rally I'm safe to keep spending. Tom1Tom1 is in my periscope.
 
Re: Birchtree's account talk

I have decided that I am going to push my margin debt to $1M and wait to see where it will take me in this new bull market. I even heard a guy on CNBC today call this rally the begining of a secular bull - it's so good not to be alone in the investing arena. So keeping with my buying discipline: LPX, DVR, LDL, MDR, GDI, FBN, FFG, BWP, FNF, TKR. If we explode later I'll take on a few more - don't want to be left behind. Snort.
 
Re: Birchtree's account talk

Birchtree said:
I even heard a guy on CNBC today call this rally the begining of a secular bull - it's so good not to be alone in the investing arena.
Click to expand...
Oooooo, it might be time to sell if CNBC "experts" are predicting this to be a secular bull market!:rolleyes:
 
Re: Birchtree's account talk

If the ADP data comes out reasonably clean we could have a serious meltup - and that means I'll have to scramble - and I hate to rush myself when spending money. The SPX is now 15% over the 200 day SMA for the first time since 1999. The SPX has not closed 20% above its 200 day SMA since 1983. If we don't correct this week there is nothing but air to 1100. We could easily see a 70 point day in the SPX if Friday is not a disappointment. The Ferdinand seismograph is rumbling - give me amplitude. Snort. I've now made 263 individual stock purchases since 6/26 - how much longer can this go on. I don't know and I don't care - this is perfect. I do suspect that I'll be forced to move my tugboat to the lily pad in the next three weeks - unless I collect a blind side first, then I'll stay put. But I think it will be a voluntary competitive move.
 
Re: Birchtree's account talk

Birchtree said:
If I were on the sidelines with ample cash I wouldn't be able to relax - knowing the potential that was slipping through my fingers
Click to expand...
Interesting. I have asked many times, what's worse... being in the market while it's falling, or out of the market while it's rising.

You can relax while fully invested when the market gets cut in half, but not while on the sideline missing a rally?

No judgement here. What is interesting in your case is that you are 60+ and have the investment mindset of a 30 year old. But I know you are investing to pass it on one day, so more power to you.

Good luck!
 
Re: Birchtree's account talk

I sat on the rally from March through June building a balance that could act as a buffer because I knew I was going to go on margin. I just let my dividends do the heavy lifting during those months. The feeling of being left behind is worse because no one knows how high the top is - we can all see the bottom because it could be zero. I'm determined to maximize my potential gains with this bull which could last for several years. That's one reason I kept my asset base intact last fall and spent over $800K on the bottoms - knowing that it would eventually turn with a vengence and I would greatly benefit. Now I'm going to buy this bull all the way up to 17000 on the Dow. I also plan to live another 30 years and make oodles of money. The basic point is - what I'm doing anyone can do. It just takes time to build an asset base to participate and I've been building since 1973. There have been many trials and tribulations along the way as I've gained experience. Thanx to this board for helping me learn even more - I hope I can offer some help to others. I do have the mindset of a 30 year old but I have the accumulated capital of a 62 year old renegade contrarian investor and I've paid my pain dues and now I collect the bennies and I know what bull markets can do to inflate an asset base. I could simply put my feet up now and relax while the dollars flow into the accounts - but I'm just too greedy to sit still and let this opportunity pass me by. Greed will eventually surpass the feelings of fear.
 
Re: Birchtree's account talk

Hey Birchy,

I'm just wondering why you stick with us tugboats on this MB. Make no mistake, I'm glad you do, but it would seem to me that you must have other circles to run with...
 
Re: Birchtree's account talk

turbo23dog,

I'm happy here and don't have time to yak any place else. I did think about joining the board that is moderated by the Ice Princess at one time but I didn't want to cuckold one of our current moderators. That's ancient history around here - but I do wish at times that Wonder Woman would return. Besides more people are realizing that they could do well with extra outside accounts besides their TSP. So I chat about mine even if it does irritate others at times.
 
Re: Birchtree's account talk

I've got three days to earn $36K to make my second ever $100K week - will it happen. One day last fall I gave up a $241K devaluation in a single session - it would only be fair to eventually make that same gain in one session - Karma baby. So the buy list is percolating wanting to be included into the harem and if we rally today some will join.
 
Re: Birchtree's account talk

Got to give the profit takers their opportunity to get out and put on a few shorts - bears die hard. In a bull market the classic move is down in the morning and then gathering strength to the close. But a little pull back is healthy. Brian Westbury is looking for a NFP number of -200,000, oh boy a V shaped recovery on the horizon. This could get interesting as we coil for the next catapult higher. Financials continue strong as rotation works its magic.
 
Re: Birchtree's account talk

Birchtree said:
I've got three days to earn $36K to make my second ever $100K week - will it happen. One day last fall I gave up a $241K devaluation in a single session - it would only be fair to eventually make that same gain in one session - Karma baby. So the buy list is percolating wanting to be included into the harem and if we rally today some will join.
Click to expand...

A few weeks ago, I purchased a 1,000 shares each of AIG, C, AND FAS. Today I may gain a few coins.
 
Re: Birchtree's account talk

Decided to shop at the kennel today before the close: AIG, CIT, CBL, ABK, FIG, HUN, FOE, BDN, BAC. I think tomorrow could be extremely hot and I don't mean the temperature. Oops, I forgot one : EXH.
 
Re: Birchtree's account talk

The last 2 days have been like a scary movie "GET OUT"
Shaking the branches some I guess. I suppose it has shook the confidence of a few. Of course if you have reaped the rewards for more than a few days then your skin is pretty thick. The VIX is a telling sign though.
Let it ride.:D
 
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