Birchtree's Account Talk

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Buster,

BP right now is at $32.79 and will be over $33 by the close.

Since I have no fear of taphophobia I'm digging my hole a little deeper searching for the bottom and buyiung: AVY, ASH, ATO, BHI. Saving some cash in case tomorrow gathers up another bullish stampede - this melt up might have legs and if it does throw dirt on me the entire way up.
 
Birchtree said:
Buster,

BP right now is at $32.79 and will be over $33 by the close.

Since I have no fear of taphophobia I'm digging my hole a little deeper searching for the bottom and buyiung: AVY, ASH, ATO, BHI. Saving some cash in case tomorrow gathers up another bullish stampede - this melt up might have legs and if it does throw dirt on me the entire way up.
Click to expand...

Hey Birchtree,

I'm throwing you a video on BP since your in it.
Good Luck !

http://www.youtube.com/watch?v=cSKxx9QfW4Y&playnext_from=TL&videos=-YUmGKUBFCs&feature=sub
 
Will we see massive short covering during the last hour today - or will they hold out thinking this is only a suckers rally. It could be worth another 100 points on the Dow after 1500 hours if the bears see blood shot panic in each others eyes. I say toast'em. I'll gladly take a 300 point day. If I see a Dow over +200 I may come in and eat more dirt as I dig my hole.
 
I just had time for a glance, but it seemed there was alot of volume bringing the market back up yesterday at the close.
 
Decided to enjoy some more of that cool dirt buying: CLF, AEO, ANN, POL. Everyone is looking for a reason to rally - friends we don't need a reason to initiate a rally - the market is omnipotent but is probably looking at earnings and a PE ratio of 13.
 
CRWS,

I really can't offer any opinion because I don't follow the options markets - but I would guess the DJIA will be much higher be the end of July.
 
I'm thinking this evening with so much cash on the sidelines that we could potentially rebound faster than we came down - especially if we start to see some shifting out of bonds back into the risk trade. I could anticipate the C fund going back to $14.51 and the I fund going back to $19.33 before July ends. The S fund probably will not see $19.42 this time around but may reach that level sometime in August. The question now is where will the four year cycle nest and how problematic will it be? There may be some slight movement for me toward shelter just in case we get a healthy consolidation in October.
 
Decided to go in early and buy ahead of further strength right or wrong: ATLS, AGO, CE, ACI, GAP, RT, MAS. I've now made 926 individual DCA purchases since June 26th, '09. Still pushing toward the 1000 purchase goal.
 
My investment adviser (Mindylou) has been pestering me to add further to my base, so to please her as I always do, I recently bought: MLAB, BCS, LZB, IVZ. Looking forward to the squeeze continuing.
 
"Now the key to turning this around will require a close above 10,350. In the meantime, the technical and cyclical picture is bearish for equities. In fact, the whole week may be very volatile because the Moon will end in the vacillating sign of Gemmi, as it heads for its solar eclipse on Sunday, July 11 in Cancer."

http://www.mmacycles.com
 
now, -you were talking like you were going to cash in a few chips while things were on the way up.
Changed yer mind?
 
CRWS,

Not until late August into September - I'll gently shift a few percentage to the lily pad in preparation for the 4-year cycle low around October. That coming consolidation should not hurt too badly since we just completed a 16% correction.
 
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