Birchtree's Account Talk

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Re: Birchtree's account talk

I've got 28 more stocks to buy to burn my recent list - a 155 point up day would allow me to take that risk and be done with it. However, Mindylou has been working on another one that is a must participation. The VIX I believe over reacted today dropping -1.32 to 24.30. I don't want the 20 level to breach until December - then I'll be ready for the tectonic shift.
 
Re: Birchtree's account talk

Birchtree said:
As young as you are I would not take any money out of your TSP account. You won't find a more cost efficient plan to generate tax deferred income. If you are determined to take withdrawals perhaps directly into a Roth IRA will be sufficient to help further your investment desires. You can do just about anything inside of a Roth IRA without paper work of reporting.
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Birch:

Noted I will consult with my uncle and my wife about this alternative.

My circumstances differ from yours as well as many on this board.

I might use both approaches.

Thanx for the input.
 
Re: Birchtree's account talk

"Fitzpatrick thinks the S&P could go to 1272, which is a 24% move. And at a minimum he believes chartists will start seeing 1200 as the level where they call a top in the S&P, which is over 17% higher than where we are right now. Fitzpatrick thinks the charts are saying the sky's the limit and the smart money may believe we've gone too far too fast. But if the market doesn't listen to the smart money, they'll ultimately capitulate and hold their noses while buying." The symmetry of 1300 inspires.

http://www.cnbc.com/id/32740744
 
Re: Birchtree's account talk

Birchtree said:
"Fitzpatrick thinks the S&P could go to 1272, which is a 24% move." The symmetry of 1300 inspires.
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Lots of big TSPTalk names going all in the past couple of days with more suggesting they will be in soon...so maybe we won't make it to the Holidays before that VIX hits 20:toung:
 
Re: Birchtree's account talk

"What most investors don't realize is that the cyclical forces responsible for last year's debacle are the complete opposite of this year's. Instead of a bottoming 6-year cycle, the new 6-year cycle that began last fall is up and supportive of the broad market. Even more poignant is the fact that the 10-year cycle is currently in its final 'hard up' ascending phase. More than any other factor, this is the reason behind the strong recovery rally of recent months. Most market participants can still vividly recall the 'great unwinding' of September-November last year. The vividness of that primal fear is still strong, hence the reason for the widespread expectation of another crash. Here again we see how the stock market always foresees economic reversals well in advance of the government statistics. The public was almost a year behind the curve in the 1995 recovery."

http://safehaven.com/article-14428.htm
 
Re: Birchtree's account talk

John Markman says: investors who are worried that the economy won't advance fast or enough to justify a rise in the stock market this year have it all wrong. Stocks have actually been rising because the coming recovery from last year's wipeout is expected to be slow and weak, rather than fast and furious.
 
Re: Birchtree's account talk

Being stubborn in the face of the trend is the sure fire way towards financial oblivion. That's why I like to buy early and often in a bull market. Today I bought: CSS, DOW, CNH, CLC, BMS, KWR, KOP, KMT. If we rock higher I'll be back for more. Beam me up, Scotty. The VIX is down alost a dollar today - that gets my attention.
 
Re: Birchtree's account talk

Fercrissakes where is that VIX going - gettng ready to drop through the 23 level and that is making me uncomfortable. I guess I need to run and chase the market for a few more lovely wall flower buys.
 
Re: Birchtree's account talk

I don't like the bull to pressure me like this - I can't run as fast as I used to when I was a five miler. Anyway, bought more: KEX, KBH, JCI, HXL, HBI, GRA, EXP, EBF. Mindylou says not to worry, the next buy list is almost ready. I just dearly love my investment adviser. Everyone should have one like her and muggle.
 
Re: Birchtree's account talk

The VIX put in an intraday level of 22.96 - now I can rest with my feet up during this last hour. Unless of course another legs takes off. I still have ten more stocks to buy on my most recent list - I can't believe I've made 440 purchases since 6/26/09. Perhaps they will all get more expensive.
 
Re: Birchtree's account talk

I know if I were big money sitting on the sidelines waiting for a correction that never comes - my sphincter would be getting tight. My anxiety level would be blowing out my ears. We are going to see some serious volatility when the panic buying starts to compliment this one way stampede ramp-up rally. Maybe that's what the VIX was showing me today. Don't be surprised if we get a 400 point move to push us right up through Dow 10,000 with exuberance - not just a throw over.
 
Re: Birchtree's account talk

It would appear that my oceanic account has bounded up $93K in the last three trading days - if I can keep cool and get one more up day tomorrow I may well have my second ever $100K week. We have now just seen the most rapid 57% recovery in the S&P 500 since its inception - I seriously doubt this is a head fake. The VIX may be indicating that tomorrow could be a very raucous market day.
 
Re: Birchtree's account talk

Birchtree said:
It would appear that my oceanic account has bounded up $93K in the last three trading days - if I can keep cool and get one more up day tomorrow I may well have my second ever $100K week. We have now just seen the most rapid 57% recovery in the S&P 500 since its inception - I seriously doubt this is a head fake. The VIX may be indicating that tomorrow could be a very raucous market day.
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I wish us both, all the luck in the world ! Having one $100k day was quite impressive. Having two is quite the accomplishment ! ;) Now you'll have to excuse me, I've gotta go find that darn dictionary again and look up the word "raucous" to see what tomorrow might have in store for us. :toung:
 
Re: Birchtree's account talk

Birchtree said:
I know if I were big money sitting on the sidelines waiting for a correction that never comes - my sphincter would be getting tight. My anxiety level would be blowing out my ears. We are going to see some serious volatility when the panic buying starts to compliment this one way stampede ramp-up rally. Maybe that's what the VIX was showing me today. Don't be surprised if we get a 400 point move to push us right up through Dow 10,000 with exuberance - not just a throw over.
Click to expand...

Whats a sphincter Birch? :) LMAO
 
Re: Birchtree's account talk

Birchtree said:
Being stubborn in the face of the trend is the sure fire way towards financial oblivion. That's why I like to buy early and often in a bull market. Today I bought: CSS, DOW, CNH, CLC, BMS, KWR, KOP, KMT. If we rock higher I'll be back for more. Beam me up, Scotty. The VIX is down alost a dollar today - that gets my attention.
Click to expand...

[q'u=Birchtree;230401]I'm sure fortunate not to be part of those statistics - but then again I blaze my own trail. As an investor I'm responsible for myself. From the March lows my large account has made $734K by taking appropriate risks. Life is good and getting better every day thanks to the new bull market.[/quote]

It's interesting to hear about what someone thinks "life is good and getting better every day thanks to the new bull market."

Try keeping things in perspective and you actually might see the big picture of where you are relative to other traders/investors. I really didn't want to reply but couldn't help myself.

I think Tom does a great job which I hope is appreciated in his daily summary so I occasionally read the account talk posts.

No offense Birch and I really do hope you are doing well but if you like, email me privately and I will put you in contact with some real money and because of my relationship with them they will talk to you so be careful about tooting your own horn because believe me real money made over a period of time is a relative thing so I wouldn't toot the horn too much because you may have to be let down gently.;) What you made since the march lows some of the investors who are kind enough to allow me into their investing circles would make your jaw drop. Not bragging or trying to show you up but we are in a different investing environment so it sometimes benefits the investor to keep in mind that you are running that race against yourself which will keep things in perspective for you.

THANKS AGAIN TOM FOR YOUR BOLD AND POIGNANT OBSERVATIONS. YOU DO A GREAT JOB AND I ENJOY READING YOU OBSERVATIONS DAILY.

CAYMAN

Birch tell me when you hit the mid to high 8 figures and make 300k in 10 minutes in premarket.:)
 
Re: Birchtree's account talk

cayman,

It was good to have you drop by and it's always good to have your perspective. I'm still working on my second ever $100K in a week and I will never be able to make $300K in ten minutes - that's way, way out of my league. But I'll keep making progress in my own way. But I do plan to tap the $5M number before this new bull market is finished.

"This usually means a bullish cycle of a larger degree is in play. If that is the case here, and 1053.00 is decisively exceeded, we would be looking for more upside to as high as 1153.00."

http://news.goldseek.com/RickAckerman/1252648860.php
 
Re: Birchtree's account talk

I'm currently shy $1K from making my weekly goal but I have my doubts if I will prevail today. Next week I'll have five days to work with instead of four. Always trying to move forward - at least amoeba is not ahead of me on the tracker.
 
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