Birchtree's Account Talk

[Bullitt]

Re: Birchtree's account talk

Didn't you buy AIG at like $1 in March? Ha, that would be incredible if you did. Heck, even if you bought it at $7, it'd be awesome. (I think it had a reverse split in there somewhere. Oh well, who cares, it's a POS and you're up huge.)

This must be a bull market if dips are being bought. When I take a look back at this uptrend we've been in since March it's hard to believe that most investors have missed out on the rally. You see all these historical charts and think, 'How can anyone miss that rally?'. Well, I now better understand the concept behind "the wall of worry".

Hey, anybody seen the bad news bears crowd lately?

 

[sdouglas3]

Re: Birchtree's account talk

Didn't you buy AIG at like $1 in March? Ha, that would be incredible if you did. Heck, even if you bought it at $7, it'd be awesome. (I think it had a reverse split in there somewhere. Oh well, who cares, it's a POS and you're up huge.)

This must be a bull market if dips are being bought. When I take a look back at this uptrend we've been in since March it's hard to believe that most investors have missed out on the rally. You see all these historical charts and think, 'How can anyone miss that rally?'. Well, I now better understand the concept behind "the wall of worry".

Hey, anybody seen the bad news bears crowd lately?

Didn't AIG do a reverse split of like 20 to 1 in May of this year?

Steve

 

[Birchtree]

Re: Birchtree's account talk

Decided I needed to spend some money, bought: NBR, HSC, DRC, PCX, GBX, HXL, KG, UBS, BAC, RRI. I did buy AIG on the lows and I'll have to check the paper work on the exact prices. A young fellow today was saying a potential price of $200 - I can wait for that.

 

[Handballer]

Re: Birchtree's account talk

Speaking for myself, I buyed AIG for $1.10/share. Next day stock reverse split 1:20. Now I'm waiting for the stock to reach $100/share and do a forward split at 20:1. I'm pleased so far and I might say Birch is also.

Didn't you buy AIG at like $1 in March? Ha, that would be incredible if you did. Heck, even if you bought it at $7, it'd be awesome. (I think it had a reverse split in there somewhere. Oh well, who cares, it's a POS and you're up huge.)

This must be a bull market if dips are being bought. When I take a look back at this uptrend we've been in since March it's hard to believe that most investors have missed out on the rally. You see all these historical charts and think, 'How can anyone miss that rally?'. Well, I now better understand the concept behind "the wall of worry".

Hey, anybody seen the bad news bears crowd lately?

 

[Birchtree]

Re: Birchtree's account talk

Well I believe we just experienced a 121 point turn around today. How many bears got run over by the power and magnitude of this rally. Ah, who really cares. Keep buying the dips and I'll be happy and content. I've now made 400 individual stock purchases and the question becomes how much longer must I endure this hard work? I should be good at least for the next 1000 Dow points and then perhaps I can rest. As an accumulator I may never rest.

 

[Bullitt]

Re: Birchtree's account talk

I've now made 400 individual stock purchases.

Is that all time or is that just during this new baby bull? Just wondering, how many times a year are your holdings spitting out dividends? Every other day you must be getting some free coin from the dividend distributions.

 

[Birchtree]

Re: Birchtree's account talk

Bullitt,

My most recent purchases were from 6/26/09. September is a big dividend month for me so if we go slow to the upside my reinvestments will buy me more shares. But then again September could just be another gallop to Dow 10,500. With the dividend payments there is always something happening. I'm still adding to my STO position.

 

[Handballer]

Re: Birchtree's account talk

Well I believe we just experienced a 121 point turn around today. How many bears got run over by the power and magnitude of this rally. Ah, who really cares. Keep buying the dips and I'll be happy and content. I've now made 400 individual stock purchases and the question becomes how much longer must I endure this hard work? I should be good at least for the next 1000 Dow points and then perhaps I can rest. As an accumulator I may never rest.

I use to accumulate long play records. Some of the very best: Elvis, Tom Jones, that hunkerdink guy, Les Paul & Mary Ford, Tommy Garrett and the fifty Guitars, Mrs Shore, Patty Page, Nat king Cole, most of the Phase Four records, and much, much moore. I would lay down and listen to that music for hours. Some of the four-sided covers were very valuable (as I later learned after selling them). Before I made my last move, I sold off the entire collection (over 300 albums) for a dollar or two each. Now I understand these records have become very valuable items because of the higher fidelity and the album covers.

That about sums up the way I buy and sell stocks, buy high and sell low, uninted of course. I have bought many stocks that did reverse splits then they crashed and burned. The only one I have had any success with is AIG and its a keeper. Sorry, don't know why I'm writing this, maybe the Jack Daniels?

 

[Birchtree]

Re: Birchtree's account talk

There is solace in knowing that someone somewhere is enjoying the high fidelity sound and is probably an appreciative aficionado of old records. Kind of like my old Triumph TR7 - it lives again as a project car for a sixteen year old. It will become his high school ride. By the way, I've got a pair of 1969 Sansui speakers that I will never part with.

 

[CapeChem]

Re: Birchtree's account talk

I never really understood the argument of the old vinyl being better...Equating it to tv, once you see HD you are never satisfied with SD.....I would think that a CD recording of the same song will always be superior to vinyl.....crack pop and hiss are not good quality....

 

[Birchtree]

Re: Birchtree's account talk

We're going to open strong - I'll wait 30 minutes before I engage the Ferdinand hustle and start chasing the rally. I'm still trying to clear my buy list. Snort.

 

[burrocrat]

Re: Birchtree's account talk

I'm just an analog guy trapped in a digital world.

Life is not perfect, get used to it. CD's are like eating soylent green out of a foil tube on the space shuttle. And the crack, pop, hiss is the salt, pepper, garlic that makes things palatable. Some cooks are better than others, but who can forget listening to REO Speedwagon at full volume with your friend's sister in the basement while the parents were away? Now that's superior.

So long, and thanks for the mammaries.

 

[Elgallo]

Re: Birchtree's account talk

""with your friend's sister in the basement while the parents were away""""

Well then you weren't listing to the music you were makin your own!!!

Ahhh those were the days!!!

 

[turbo23dog]

Re: Birchtree's account talk

I'm just an analog guy trapped in a digital world.

Life is not perfect, get used to it. CD's are like eating soylent green out of a foil tube on the space shuttle. And the crack, pop, hiss is the salt, pepper, garlic that makes things palatable.

Better be careful here lest we highjack BTs thread. Especially if Steadygain whips out his git-box.

BTW, since pop and hiss don't come from the musicians, I'll take the digital recording over an old LP anyday.

 

[Birchtree]

Re: Birchtree's account talk

More and more good folks running for cover - that could be a mistake. We all know that September on average, is the worst month for stocks over the past 50 years. I'm reminded that the market did not pull back after the 2003 rally began. The decline off the mid-2000 peak took roughly 2 years. The drop from the October 2007 highs took about half that time. However, the magnitude of the two drops was nearly the same. The rebound from the March lows may also be just as rapid. Will the bears get run over again today - 9 of 9 to the upside possibility. Anyway, it's never a good idea to fade the dominant yearly Kress cycle - I'm waiting until November to think about shifting providing the VIX gives me the correct signal. The more folks that jump to the lily pad the happier Ferdinand becomes.

 

[Mcqlives]

Re: Birchtree's account talk

Kress cycle - I'm waiting until November to think about shifting providing the VIX gives me the correct signal. The more folks that jump to the lily pad the happier Ferdinand becomes.

More and more likely that your November time frame is on the money...things are just dragging and dragging along. After the VIX over the past couple of weeks saw days with 1+ point changes now we are up .44 for the day with a range of about 1.22.

Just floating along...:cheesy:

 

[ATCJeff]

Re: Birchtree's account talk

I sure hope I'm one of the good guys/gals running for cover you were referring to. Part of my decision was due to September historic returns, the other is we are late in August. I get more bullets come Wednesday of next week.

Japan's election will surely cause fits in the currency markets early next week. Not sure if that will be good or bad.

Jeff

 

[Birchtree]

Re: Birchtree's account talk

I didn't do any buying today so the close is not important, however it would be nice if AIG and INTC can pull me up out of the valley. 10 for 10 on Monday would be bullish.

 

[fedgolfer]

Re: Birchtree's account talk

the 3 year chart of the weekly XLF candlestick chart is quickly approaching the multi-year resistance line. But the intermediate trend is showing a rising wedge that intersects just a tad over the big resistance line. Maybe next week is when it gets there... the media has done a good job of talking everyone out... I'm leaning to a breakout of the multi year pattern and after that, at worst, a test of that breakout. I tried to annotate it on the chart but the file was too big to post. Here's the meat though...

http://stockcharts.com/h-sc/ui?s=XLF&p=W&b=5&g=0&id=p45017698760

could be the symetrical explosion you're waiting for.

 

[Birchtree]

Re: Birchtree's account talk

"The Industrial Average need only exceed 9654, equal to a peak made last November, to demonstrates that it's got the moxie to at least remain buoyant for the remainder of the year. Surpassing 9654 would refresh the bullish trend and we'd be looking for a minimum 10,495."

http://news.goldseek.com/RickAckerman/1251439260.php