Birchtree's Account Talk

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Re: Birchtree's account talk

I'm waiting for the next extreme explosion that I know is on the horizon - then I will spend some serious $K because the more you own the greater the reward. I have my taget signal in range that will tell me when to move the tugboat to drydock - but it's not close enough yet.
 
Re: Birchtree's account talk

Here's the term I've been missing but salivating for - when Ron Insana says "we're in a dangerous chase as money managers race to get into this market, the S&P is at risk of going parabolic." Well that's a risk I could handle - please don't let me stand in the way, I would savor the upside. I would welcome a 70 point move in the SPX.
 
Re: Birchtree's account talk

"The Next Stock Market Panic is Here. The big money is starting to move in. The State Street Investor Confidence Index, which tracks the buying and selling decisions of institutional investors like pension and mutual fund managers, has been soaring. The index recorded a very positive reading of 119.4 last month. This is a huge upswing from last fall's market sell-off when the index fell to 82.1. We're in the early stages of panic buying, but it could get a lot more heated in the weeks and months ahead."

http://www.marketoracle.co.uk/Article12543.html

My 45 member toxic waste financial portfolio is smoking like it is on fire. I didn't plan on this happening for at least three years...so much for my visions.
 
Re: Birchtree's account talk

Ralph Acampora says the S&P 500 will gain at least 100 more points this year as a recovery takes hold. We could probably get to 1070 before any significant correction and be at 1100 by the end of August. One of our members recently suggested a 1200 by the end of the year and that made me nervous. Well I'm over my weak knees, so why not 1300 for a holiday treat. There is just so much liquidity on the sidelines and the hedge funds have not gotten in line yet to buy - they've been afraid. But a buying panic could last the rest of the year and beyond - no fear here. I've got money to spend and I'm going to buy myself into happiness. There are still many. many bears out there that don't believe in this new bull rally and are hanging tough but they will capitulate eventually to the uptrend. The more fuel the better.
 
Re: Birchtree's account talk

I believe 910 is only wishful thinking - I prefer the 1014 or better level. The consensus of the nonfarm payrolls is to be down-328,000 versus -467,00 in June. Anything better than the consensus and up we go - the jobless claims may be prescient. We could easily rock today ahead of tomorrow. I need to do some buying today.
 
Re: Birchtree's account talk

Decided to ignore my discipline - went in ahead of tomorrow and chased a few: DIN, EAT, LPX, LTD, AEO, DDR, AHC, ELX, CBG, DRE. If I get whipped tomorrow it won't be the first time - the accumulation will continue because most of these lovely doves will only cost more in the future. Buy early and buy often.
 
Re: Birchtree's account talk

Since my restaurant stocks got such a bad rap today I'm going to take the Mrs. out this weekend for a bite to eat. I hope she'll go for a Chick-Fil-A. She likes their peach milk shakes and as an added incentive I have a coupon for a buy one get one free on a chicken sandwhich. We'll drive right by the Steak-N-Shake so I'll count the heads in that location. I noticed where Australia showed a positive jobs number - will we be next. A nice number tomorrow will drag me into the market to polish off the rest of my current buy list.
 
Re: Birchtree's account talk

Goldman Sachs says -250,000 NFP jobs, Deutcha Bank says -150,000 NFP jobs. I'll probably have to run like the wind tomorrow to complete my buy list - geesus I hate the feeling that makes me hurry - reminds me of an old girlfriend when I was younger. On March 5, the percentage of bears reached an astonishing 70% just days ahead of the bottom. We are currently at 48% bulls on the AAII survey that Tom likes to follow. Will we need to get to 70% bulls before a significant correction starts? Peter Schiff says, "after a white-knuckled drop in 2008, investors who held on are now enjoying a dizzying ascent." He finally got one right - it's been tremendous with a lot more greed to go.
 
Re: Birchtree's account talk

Front running with the bull this morning and buying: C, RT, WEN, GE, UBS, WFC, PNC, UDR. If we get stronger I'll step in again - buy early and buy often.
 
Re: Birchtree's account talk

Sometimes I bet it feels like you're in a big ship and the wind is blowing in the most perfect direction ... the water is calm and the sky is clear.

Must be nice !
 
Re: Birchtree's account talk

My investment adviser, Mindylou, says buy early and buy often - have courage because they'll only be more expensive next week. Accumulating more wall flowers: BYD, BZH, KBH, TCB, SXI, ORI, GRA, GB, MAS, HHS.

Steady,
Yes it's grand. I have to earn $55K today and I'll have my second ever $100K week. I have so many wall flowers jumping up and down saying take me - I feel like I'm on stage playing with you. This market is just getting warmed up and hedge funds are being forced to buy. I'm just taking my time buying - I may be doing this for several years going forward.
 
Re: Birchtree's account talk

BT,
I'm certain I already know the answer but do you ever take a shot on a penny stock?
 
Re: Birchtree's account talk

Birch,

Almost bailed.

But heard someone yell 'Don't shoot till you see the whites of their eyes'...

I will ride the wave and start allocating to a standard aggressive holding allocation later this month. Right now, we are in a pure boom ride:p
 
Re: Birchtree's account talk

Well I did buy RT at $0.85 and will continue to nibble all the way back to $33. Normally I'm not a penny player but there are times when some companies are way oversold but the value remains intact.
 
Re: Birchtree's account talk

Boghie,

Keep your attention on the VIX - it may drop below 24 today. And there may not be a bottom until the end of the month. We are being liquidity driven and this rally is fear based by those left standing on the platform and may not end anytime soon. Greed is good.
 
Re: Birchtree's account talk

Just curious. I generally hold my old faithfuls. Those that my fathers, fathers father told me were the backbone of America. It has been quite a ride but I believe in those companies.
I however am more of a gambler than my predicessors and considering the era from which they come, probably financial more comfortable therefore taking a shot in the dark adds excitement to what otherwise is mundane.
Huge Risk vs. Reward is the adrenaline. :D
 
Re: Birchtree's account talk

WorkFE,

Now you have discovered the fun part of investing - the market however does provide the opportunity to reach potential only when the home work assignment is completed. I never gamble - never bought a lottery ticket in my life. Currently if it smells I want to own it. I bought a toxic waste portfolio last year when it smelled like manure - only to me it was the sweet smell of superlative bull manure and now this sector is leading to the upside. Even increased my positions today.
 
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