Birchtree's Account Talk

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There is a great deal of lily pad traffic up ahead of me on the tracker - if this bullish momentum continues I should be able to break into the top 100 slots within two weeks. This is the way it usually happens with the buy and holders like myself - patience can be rewarding. Anyway another sharp up day tomorrow would be perfecto - I still have some cash left to buy my favorite wall flowers.
 
Ah, the long term. Here's my take. I was a disciplined 5 miler every day for 21 years - I stopped running when I was 45. That was a lot of hard work but it kept me calm. Some cardiologists now claim that living a healthy life style until middle age means fewer health problems as age progresses. I'll be 63 some time this month and I fully plan to participate in this multi-year mega trend secular bull market until I no longer can read the tape. I also have to thank all of my old girlfriends for helping me keep my vas deferens in functional order. Now that I'm in retirement functioning as an independent investor I'm working harder than I ever did when employed - only now my labor is for me and my family. I think today will be another day to DCA into the market - but going slowly is the key at this point.
 
Here is an interesting statistic about longevity. My 45 year high school reunion is this month. There were only 42 in my class of 1965 in small town New Hampshire. Already there have been 9 deaths and another one in progress. My high school and first year of college sweetheart died at age 52. She was responsible for helping me survive Vietnam by sending me a dear John - I was so depressed I had no fear and didn't care taking irresponsible chances that were liberating and restored my confidence. When I returned to the real world she wanted to resume the relationship - I declined realizing all I had left was my pride. Never look back - keep moving forward. This stock market is going to make me a very rich individual because I have a certain kind of discipline and blaze my own trail.
 
Birchtree said:
Here is an interesting statistic about longevity. My 45 year high school reunion is this month. There were only 42 in my class of 1965 in small town New Hampshire. Already there have been 9 deaths and another one in progress. My high school and first year of college sweetheart died at age 52. She was responsible for helping me survive Vietnam by sending me a dear John - I was so depressed I had no fear and didn't care taking irresponsible chances that were liberating and restored my confidence. When I returned to the real world she wanted to resume the relationship - I declined realizing all I had left was my pride. Never look back - keep moving forward. This stock market is going to make me a very rich individual because I have a certain kind of discipline and blaze my own trail.
Click to expand...

HOO-AH!
 
Looking into the abyss and buying a few nuggets: CLF, BW, MEE. I may DCA a few more good opportunities during this market day.
 
Birchtree said:
Here is an interesting statistic about longevity. My 45 year high school reunion is this month. There were only 42 in my class of 1965 in small town New Hampshire. Already there have been 9 deaths and another one in progress. My high school and first year of college sweetheart died at age 52. She was responsible for helping me survive Vietnam by sending me a dear John - I was so depressed I had no fear and didn't care taking irresponsible chances that were liberating and restored my confidence. When I returned to the real world she wanted to resume the relationship - I declined realizing all I had left was my pride. Never look back - keep moving forward. This stock market is going to make me a very rich individual because I have a certain kind of discipline and blaze my own trail.
Click to expand...
Yes, dear John's in time of war will do crazy things to a mans mind. He Will's himself to survive for his sweetheart and of course in every war especially Vietnam the girls just couldn't deal with it; they let everyone convince them that somehow the soldier was responsible for NAM. Anyway Birch you came out not only alive but a very strong and determined individual you are to be commended.
 
Birchtree said:
Looking into the abyss and buying a few nuggets: CLF, BW, MEE. I may DCA a few more good opportunities during this market day.
Click to expand...

I'm late to the party (in today, finally) and now I'm standing over the abyss? I've probably cost myself ten grand in two d*mba$$ moves since May... Really hoping to make that up on the supposed 4 yr "cycle low" later this year.
 
Well I decided to front run the Dow this afternoon - the NYSE is actually stronger. I bought: GBX, MTW, TRN, KRO. I may get hammered down like a fine piece of silver come Monday - but that's fine. I got plenty of buffer from the last three days run. Besides I may have to chase the market next week if it stampedes - so take the risk.
 
The VIX is repelling nicely into the 24 zone - next week could take it below 21. If we get back to 16 that may be the time to shift - hopefuly not before September.
 
Birch,
I'm sorry it's taken so long - but was too busy to write you earlier.

Sent you a PM - big Brother.

I love you Birch -- have a good weekend.

Steady
 
"By this week, the divergence between the SSEC and SPX performances in their parallel cyclical bulls had balloned to massive proportions. The SSEC fell to 15 month lows, nearly back to where it started in March 2009. To go from 64% in early August 2009 to up less than 12% in early July 2010 effectively wiped out China's entire cyclical bull. This is insane, in the US markets cyclical bulls never give back that much regardless of sentiment. If you've been sitting on the sidelines worrying about the stock market weakness, don't delay in getting deployed. Major corrections of this magnitude are rare within cyclical bulls, so the awesome buying opportunity we've been presented with won't repeat anytime soon."

http://www.safehaven.com/article/17429/china-commodities-sentiment
 
Going after BP today by averaging up before it gets away from me: bought BP at $36.02, CE, CLF. Watch the buy programs come in during the last hour today - ripping the fur off the bears.
 
I'm trying to decide how far up I want to track BP. I'm reminded of a few years ago when I started buying MOS. Tracked it from $17 to $40 and then let it run to $195. I pulled out during the early summer of 2008 around $165 and finished it off at $145. Some of that money went into my toxic waste portfolio of banks and other financials that were bleeding true blood. I'm thinking of getting back into MOS, CF, AGU primarily because of China - it's basically a repeat pattern and I like playing against the hedge funds.
 
BP was purely a short term money play for me. If it goes over 50 I'm out. (August time frame IMO)
 
This market today is wanting to leave me in a cloud of hoof dust - so I'm chasing momentum and buying a few goodies: BP at $37.02, ANR, AF. I have a little money left to chase BP to the upside - otherwise I may have to lighten up on something to raise further cash to continue buying. Ah, it's always some kind of sacrifice involved when ever I invest. Snort.
 
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