Birchtree's Account Talk

[Birchtree]

Re: Birchtree's account talk

I just counted 47 more purchases that I need to make to complete my buying program and that will put me over the margin hump. If this week continues to run hot I'll be very close to the $1M gains from the March lows and I'm going to keep buying all the way into the stratophere - the more you have in the more you can win. No sidestepping the train for this bull. The only problem as we move higher is that my stocks are costing more to accumulate my positions. At some point in the future I'll be looking at multiple stock splits and buyouts via mergers. That's when the real fun kicks up some dust.

 

[Steadygain]

Re: Birchtree's account talk

If this week continues to run hot I'll be very close to the $1M gains from the March lows.

Birch,
It's all just meaningless numbers until you cash it in and start using it. It's been a lifelong ~~ very dedicated process...


I really hope you start enjoying it soon...

It's going to be very hard to shift from making more and more and taking a break and really enjoying what you've made...

don't wait too long my friend... you've finally made it and got nothing left to prove... other than you can end your years 'worry free' and really taking in everything you've held off.

OK - now I'm really heading home

Good night all

 

[Birchtree]

Re: Birchtree's account talk

Steady,

My oceanic account is essentially on auto-pilot right now - I plan to do no selling until sometime next year. I'm basically concentrating on accumulation of shares and reinvesting the dividends. My long market value is over $2M and I plan to build that base up to $5M - then we'll begin to pull coins out of the fountain to purchase my mountain lake lot or buy a prebuilt home on the lake. Either way I'm going to end up in the Blue Ridge mountains - the wife wants to keep our Florida home for the winters but I'd rather enjoy a little snow. So I could put my feet up and relax and let Ferdinand do all the work - but this is a golden opportunity to ride the new cyclical bull market all the way to Dow 17,000 and I'm not getting off this train no matter what the circumstances. I'm well positioned to participate to the maximum. Oink!!!

"Considering that stocks just enjoyed their best six-month run in almost 80 years, it might seem odd that so few investors - especially those on Main Street - pay them any respect. There are questions about the bull's longevity, and even its legitimacy. That's not unusual."

http://www.jsonline/business/62267237.html

 

[Steadygain]

Re: Birchtree's account talk

Sounds wonderful Birch

Very few would be able to even realistically 'imagine' those kind of plans. All I'm saying is 'the good times only last so long' and I want you and your wife to celebrate those 'golden years' while the gold is shining bright.

Hey Birch, as for your comment about Spaf... I don't mean this to take from him in any way, shape, or form BUT either you're a Soldier or you're basically nothing. A Soldier is 'fully committed' and everything he (she) does is 100% on Task and they are doing whatever it takes to get the job done and serve with Honor and Dignity. Spaf was exactly as he was meant to be and he lived up to the calling and because of that it carried over through the rest of his life. We could say the exact same thing about YOU and many others. So when it comes down to it you either proved yourself acceptable (and were a Soldier) or you didn't measure up. I knew a lot of Soldiers like Spaf and they hold the highest honor imaginable.

 

[Birchtree]

Re: Birchtree's account talk

"Market Insider: Good Earnings Could Counter October Fears. I'm encouraged that there's a skepticism about the earnings potential for third quarter. A lot of investors are underestimating how productive U.S. companies have become."

http://www.cnbc.com/id/33063927

 

[Birchtree]

Re: Birchtree's account talk

Carmine Grigoli says: "meaningful corrections in the early stages of a bull market are infrequent events that usually occur one or more years after the markets turn up. In eight of the 12 bull markets since 1949, the S&P 500 did not suffer a 10% fall until the first year of the bull. Four bulls did not suffer an official correction - a drop of 10% or more - for more than two years. In the 2003-07 bull, it was almost five years before a 10% drop. Investors should ignore the correction chatter. It is distracting them from investment opportunities."

 

[GUCHI]

Re: Birchtree's account talk

Birch
your talking my language, thats what I like to hear.

 

[Frixxxx]

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.

Thanks for this nugget on the 13th of July...As you will see, the day of this conversation, I was looking for a "wallflower" and you nailed it for me.....Thanks Birch, believe it or not, this helped me make my year and I do respect what you say.

I rolled out of this position at 1.90 for a 385% take profit position.

Points 2 U, Buy and Hold all you want but keep the tips coming......:nuts:

I owe you a (beverage of your choice)!

 

[Birchtree]

Re: Birchtree's account talk

Byron Wien is calling for the steepest annual gain in the S&P 500 since 1995 and the biggest fourth quarter rally in a decade. Wien says an economic recovery and earnings that exceed analyst's forecasts will spur the stock market during the next three months. Seven months ago, the S&P 500 needed to rise 77 percent to reach Wien's year end prediction of 1,200. The index has jumped nearly 60% since March.

What I find encouraging is that the unweighted NYSE composite is now at all time highs - and today the NYSE enabled me to actually have a gain in the oceanic account even though the Dow was off 47 points. With all of the breadth MCSUM's above their +500 levels, this makes it highly improbable that an opposing trend can develope. There will be no 10% correction through the end of the year. So I will continue to buy myself into happiness.

 

[Birchtree]

Re: Birchtree's account talk

If we stay on the positive side I might still get to do some buying in the last hour. Thank you MCSUM for turning it around today.

 

[Steadygain]

Re: Birchtree's account talk

I think I just learned some unpleasant news and I'm sad to the point of tears. It's a Vietnam veteran thing among brothers. I never cry and I am now. The last time I cried was when my siamese cat passed and then it was for three days. I hope I'm overreacting but I have my doubts. This is truly a sad moment. I cried like a baby when my father inlaw passed five years back - he was a WWII vet and another hero. He came from a different generation and had my respect.

Dennis you're a soldier down to the bone marrow and these guys are way CLOSER than BROTHERS. It's a UNIT thing my friend but this all the more applies to the Vietnam Vets because everyone failed them and so all the more they had only each other.

But Birch - whenever we went out to fight - to get any Mission completed it was NEVER US FIGHTING THE ENEMY - IT WAS US FIGHTING FOR EACH OTHER - ALWAYS AND FOREVER THAT WAS THE FOCUS - YOU AND ME LOOKING OUT FOR EACH OTHER. People in general have no clue the kind of BONDS we have because there is nothing else that comes close; and here I would include my wife, kids, parents and everyone else.

We're getting older Dennis and it's very hard to see a Brother fall; it's like a link in the chain that just snapped off - it's one less Brother for you to lean on and one less Brother to lean on you.

Your tears are WONDERFUL Birch - they are everybit comparable to the time that Jesus wept - because your heart is aching mostly for a Brother beyond all brothers ... it's hurting for the others - the rest of the guys - and there are still a whole lot left. But in part your tears are very painful - because you don't want them to ever be forgotten.

Birch it would be hard for me to get away right now. My daughter from Korea comes in Friday and then we're going to WV for a big reunion. BUT IF YOU NEED ME - I'M THERE AND WE WILL WORK SOMETHING OUT.

Hang in there man - I love you Birch - I love you a lot

http://www.tsptalk.com/mb/showpost.php?p=232560&postcount=26


Birch,
It was a 'Vietnam Thing' and I should have kept my big mouth shut.

Listen man, I doubt anyone could hate the BS power players more than me ~ and that's basically the whole lot of them across the board. But I can't make it crystal clear just what slimeballs they are without showing how they get thousands and thousands of good ole Americans to go through hell and pay the price. It's impossible to not offend you, Spaf, and all the others... even though that is the last thing I'd ever do. It's the garbage behind everything Birch and how they always make it sound so 'good and appropriate'.

So out of respect for him and you -- I'll leave it alone. We are what we are and Malyla triggered me yesterday and all the more I know you've got 'your grounding' and I understand.

 

[Elgallo]

Re: Birchtree's account talk

http://www.virtualwall.org/

The best and the brightest for sure.

At 62 myself, I am just beginning to be able to look at this without beginning to tear up.

We all know someone on that wall, God bless each and every one.

 

[Birchtree]

Re: Birchtree's account talk

Thanks Steady, now get off that lily pad and pump it up.

 

[alevin]

Re: Birchtree's account talk

http://www.virtualwall.org/

The best and the brightest for sure.

At 62 myself, I am just beginning to be able to look at this without beginning to tear up.

We all know someone on that wall, God bless each and every one.

I regard myself as fortunate I didn't know anyone on that wall. Checked to make sure when I did a week assignment in DC about 3 years ago. The work assignment was not the high point for me. Going to the Wall was my primary off-duty objective. Only a few people there, a beautiful fall afternoon. I found myself tearing up just absorbing the ambiance, people just a few years older than me and my classmates. Its terrain setting was completely unexpected to me. It dips into the ground so not very visible til up close and personal. That added to the impact-for me anyway.

 

[Birchtree]

Re: Birchtree's account talk

"Stocks May Not Correct Until 2010. The fear of being left behind will increase greatly for professional maney managers should the rally remain intact through year end."

http://safehaven.com/article-14621.htm

 

[fedgolfer]

Re: Birchtree's account talk

may load up on some 3x bullish ETFs in the next couple of hours if it looks like the close will support the big-daddy trendline.

 

[Birchtree]

Re: Birchtree's account talk

It feels like the programs could kick at any moment similar to yesterday. Everyone was waiting for some weakness and now is their opportunity to put their money where their mouths are - it's time to walk the talk. The VIX is cutting me some slack so I'll hold. I've reinvested 28 dividends over the last two days - may have a few more today. Keep on accumulating is my motto.

 

[fedgolfer]

Re: Birchtree's account talk

Sale price or bail price Only the close and reaction to the unemployment # tomorrow will signal confirmation and possilbe fallout of the 7 month rising wedge.

 

[Birchtree]

Re: Birchtree's account talk

The consensus seems to be an unhealthy number and the market may be pre-empting that today - but never fade the potential surprises. We could take it all back tomorrow.

 

[nasa1974]

Re: Birchtree's account talk

The consensus seems to be an unhealthy number and the market may be pre-empting that today - but never fade the potential surprises. We could take it all back tomorrow.

Or the bears grab on with claws out and drag the bulls back into the bowels of their cave and feast until they are full.