Birchtree's Account Talk

[Steadygain]

It may take awhile - we don't want to scare the sinners but only trap them for the painful delivery lesson.

Birch, I really enjoy the way you express things.

I just remember the spring of 1983 and what transpired - most investors don't go that far back in experience.

I don't see how you remember things from that far back. I mean roads were just starting to get built. The West was being discovered and most were still using horses and wagons.


Then again -- I was buying Federal Reserve Notes in 1980 - with 15% Interest

 

[Birchtree]

Periscope down!! Bring it on down - now is the time to dish a little pain. GS is taking a beating from a potential fraud charge by SEC. Let's see who runs from the coveted S fund. #12 Barnpilot has made a move to 100G COB. Who will be next? A nice spike in the VIX back to 17.82 - there is fear on the street.

 

[Birchtree]

"She ran calling Wildfire" - this is perfect for a consolidation as long as it doesn't develope into a correction. I don't think that the SEC has enough resources to beat GS - this could be a drawn out case for years. I'm going to hold my position as usual and simply take the hits - no pain no gain.

 

[Viva_La_Migra]

"She ran calling Wildfire" - this is perfect for a consolidation as long as it doesn't develope into a correction. I don't think that the SEC has enough resources to beat GS - this could be a drawn out case for years. I'm going to hold my position as usual and simply take the hits - no pain no gain.

The SEC will have all the money it needs...if Obama wants it to! He'll just borrow more from China.

 

[Birchtree]

Let's be honest here, the SEC just doesn't have the talent to even bend GS a little. This is actually probably a buying opportunity for the banks - so I'm cool to this drop. There is just not enough pressure to really hammer this market at this time. But we may begin to see a subtle shift in leadership - that's what I'm waiting on.

 

[JamesE]

This just wreaks of manipulation.Govmnt waits till the market is proceeding nicely to drop their little bombshell. What better time to engineer some profits as buying opportunities. Don't bother me tho, they can't stop this train right now, just isn't enough bad news out there imo.

 

[Birchtree]

It now looks like my oceanic account will break even on the week - such as life. I do have a number of dividends due today so not all is lost. I think I'm going to go spend a couple of hours in my yard. My strategy is set. Let the good times roll.

 

[WorkFE]

Don't forget next week is payday and with a drop (consolidation or correction) your money will buy just a little more shares.

Just looking at the bright side.

 

[Bullitt]

When and where will we be tailgating for 'Easy Money Monday'? Maybe we can together with Robo and pound some cans of Schaefer's or Keystone in a parking lot while we watch the futures Sunday night into Monday morning.

 

[WorkFE]

Maybe we can together with Robo and pound some cans of Schaefer's or Keystone in a parking lot while we watch the futures Sunday night into Monday morning.

I really believe you and I would get along good:laugh:

 

[Boghie]

I now have a special place in my heart for Goldman Sachs and the SEC...

It is rather hard to take advantage of this stupa-move if you have no assets to move. I moved my allocation (with my last IFT) to a 100% equities stake earlier this month.

I know Tsunami, CoolHand, JTH, and Bullitt are ready to click there little mousie.

Maybe Birch too

 

[JTH]

I really believe you and I would get along good:laugh:

When and where will we be tailgating for 'Easy Money Monday'? Maybe we can together with Robo and pound some cans of Schaefer's or Keystone in a parking lot while we watch the futures Sunday night into Monday morning.

I'm all about the Keystone, that's the best American rice beer on earth! My friends laugh at me when I buy a 30pak for less than 20 bucks.

 

[Steadygain]

This just wreaks of manipulation.Govmnt waits till the market is proceeding nicely to drop their little bombshell. What better time to engineer some profits as buying opportunities. Don't bother me tho, they can't stop this train right now, just isn't enough bad news out there imo.

Hey that's pretty cool !! That's exactly what I (and many others) have been saying since they started Bailing Out - one thing after another and lowering the Rates to record lows and all the other crap.

NOW -- after alll this time and seeing the BIG Picture -- it honestly wasn't Government Manipulation at all. The BANKS really screwed them over big time -- and on such a level that by the time the rahm hit the fan the Gov had to do whatever it took.

It's really funny in a way because the BANKS all the more got the best of everything. AIG had to work hand in hand with the BANKS to make it happen. My GOSH -- Fannie and Freddie were huge.

I guess in retrospect it's kind of funny cause once the GS Big Guy who now was Secretary of State -- made Lehman Bros fall that quickly ignited the biggest bomb.

Anyway ~ I seriously half asleep so I'm bound to be rambling.

BIRCH - Would you please update us about Buzzz and her job and a little update on how things are going for her. Afterall I'm going to be the godfather of her first kid.

Thought about a dinasour name I might teach the little kid.

Toranto sore ass --- hehehehe

 

[Birchtree]

I believe I will burn my 10% G cash position COB 4/19. We haven't had many back to back negative days lately and perhaps Monday will be the charm. I suspect we are not done with a 5 wave or even a 3 wave yet - we'll need more parabolic action to the upside before this rally rests. The wall of cash cannot be stopped. Goldman will report their earnings on Tuesday and I suspect they will blow out all estimates - the SEC case is a joke. So there will be no bearish trend change yet - perhaps when the next two and four year cycles roll around will set the stage for some serious give back. I thought I'd end the week even, but I actually made $20K - nothing wrong with that. I read that a move of the VIX to 10 would correspond to the market top of October 2007 - the sentiment survey is a little early for my taste going to a sell. Nope, the travails of Goldman Sachs is not an event that will terminate this rally - just a pause to refreash.

 

[Birchtree]

Jeremy Siegel says; "We are about 15% to 20% discounted from the average price of stocks coming out of a recession. That's why I srill think there is room for stocks to run." Well just kiss my Allah on that one. Ken Heebner says; "Even after the big stock market rally, we're still seeing a historic buying opportunity. We expect an earnings explosion that will make stock valuations look much more attractive."

 

[Steadygain]

The wall of cash cannot be stopped.

This wall of cash young learner -- is yet to come.

Goldman will report their earnings on Tuesday and I suspect they will blow out all estimates -

Mmmm -- you suspect this because they are the Biggest and when it comes to MONEY and POWER ~ at least from our human perspective there is nothing above them.

You may also suspect this knowing full well that what the Major Players like GS have achieved (especially on a Global Scale) is mind boggling.

Or it may be that you already have a clue of what JPMorganChase has already acquired -- and therefore you realize GS will trump them.

the SEC case is a joke.

Now that is rather Harsh -- Mr. Birch. It implies that the Government; and more in particular that the 'Politicians' are seizing this moment to Paint the Picture -- they are seriously addressing any and all underlying 'corruption' and making things right.

The FACT that we're dealing with only ONE Billion dollars does indeed, however, made this look like a joke.

So there will be no bearish trend change yet

Nothing wrong with taking a BEARISH Stand -- my friend. Actually I really enjoy it when it comes from you.

 

[JimmyJoe]

That does sound like it could happen. GS on Tuesday announcing huge earnings.

 

[Birchtree]

http://www.marketoracle.co.uk/Article18727.html

 

[Steadygain]

That does sound like it could happen. GS on Tuesday announcing huge earnings.

The most beautiful part of the general outlook is that people are convinced that the Goverment and the FED actually have the ability to not only run the Markets -- but to give them strength -- and maintain them.

The Corporations and Industries have little to do with the US Government ~ the FED ~ or whatever we seem to seriously believe. They are Global Powers with Global Networks getting stronger and stronger. The very powerful become even more powerful and that's what's taking place today. The unseen Mergers/Aqusitions are enormous.

GS will report what is best for them. They don't have to say anything about networks (earnings) outside of the US -- so whatever they report will be downplayed -- cause that's how they all do it.

Anyway -- sorry for steeling your thread Birch -- I'll leave ya alone.

 

[amoeba]

i now have a special place in my heart for goldman sachs and the sec...

It is rather hard to take advantage of this stupa-move if you have no assets to move. I moved my allocation (with my last ift) to a 100% equities stake earlier this month.

I know tsunami, coolhand, jth, and bullitt are ready to click there little mousie.

Maybe birch too

balls of fury part two coming up tuesday....admirable, bt, i could barely hold myself to reducing allocation only 10%
effective cob monday

gotta go....in dallas airport using one of their free internet

stations and only 3 minutes left.....good luck everyone

i predict a bounce monday and who knows tuesday