Birchtree's Account Talk

[Birchtree]

Buy early and buy often now that the VIX has broken support below 22.50. I sold some PVH to raise cash and bought: BP, JCI, ACI, ANR, ARJ. Today promises to be a nice $K day. I'm off for awhile to go pick up some lawn supplies and some black cow manure. One can never have enough manure.

 

[Birchtree]

A good deal of my investing strategy relies on fate - but today fate is working against me. I have 14 dividends that are due for reinvestment - only at higher prices. I know I shouldn't complain because I may come very close to an $80K day in my oceanic. But still every dollar counts. I did pick up some BP at $39.48.

 

[crws]

A good deal of my investing strategy relies on fate - but today fate is working against me. I have 14 dividends that are due for reinvestment - only at higher prices.

That's strange...
It would seem that since this Bull market's just restarting, you'd say they were cheap today compared to tomorrow! :nuts:
Is that a shred of doubt creeping out of your subconscious? :laugh:

 

[JamesE]

Ride the coming storm.

When does it hit?? I really need to side step this one to make up what lost earlier this summer. I lost 10g in 3-4 trading days trying to get cute... I'm done trying to fight this market, every time I do, it hands me my @$$!!!!

 

[JamesE]

Why is it when I log in, I can't get to the current page??? The index shows the updated pages but when I click on Birch's "latest page" it goes back to 2005, page 761????

Anyway I'm currently C=30 S=30 I=40

 

[Birchtree]

James E,

I'd sit tight and you'll be right. Maybe no problems until October.

 

[Birchtree]

Allah, I wish I had $400K cash - I'd spend it like it was water. In Q2 business investment climbed at the fastest rate since 1997. VIX getting ready to fall through 22 into the 21 level - this rally has legs all week long.

 

[JamesE]

James E,

I'd sit tight and you'll be right. Maybe no problems until October.

Roger that, thank you.

 

[Birchtree]

"The cyclical context for this year's volatility can be found in a Kress Cycle pattern characterized by crossing currents: on the one hand the 4-year cycle due to bottom in late September is an obstacle against a runaway type market like we saw in 2009; on the other hand the 6-year cycle is still in its ascending phase and is acting as a support against the resumption of a crisis type market like we saw in 2008."

http://www.safehaven.com/article/17698/how-to-conquer-volatile-volatility

 

[Birchtree]

If I can get a close of Dow 10,700 I should be able to move up the tracker from #101 to #93 taking down Tsunami and then on to #87 YoungEarl. There's a lot of lily pad traffic up ahead and most of that traffic will be heading lower as August progresses.

 

[Birchtree]

"The takeaway. After a pause, the S&P 500 ought to be good for a run at least to resistance near 1175, or a 5%+ move from here, unless some new exogenous elements interfere."

http://www.marketoracle.co.uk/Article21568.html

 

[Birchtree]

"If we clear 1131 S&P 500 with force, there's no real resistance until the old highs prior to 1173. You can never be sure we'll get that high, but that's what's available technically should resistance at 1131 get taken out."

http://www.marketoracle.co.uk/Article21592.html

 

[Birchtree]

http://theguruinvestor.com/2010/08/03/two-top-newsletters-bullish/

 

[Birchtree]

BP will hit the $40 mark tomorrow - so I guess I'll be forced to add to my current position. Which means I'll have to raise more cash to participate.

 

[Steadygain]

BP will hit the $40 mark tomorrow - so I guess I'll be forced to add to my current position. Which means I'll have to raise more cash to participate.

That's pretty cool Birch.

You're probably the only one that could get by with making a comment like that. Oh my gosh -- anyway I agree and I'll use their gas too.

Well later man -- just took a little break

 

[Birchtree]

"The curve has been steep for some time now, and that is a classic sign of accommodative monetary policy and, as such the curve presages a) an economic acceleration and/or b) rising inflation."

http://www.scottgrannis.blogspot.com/

 

[Steadygain]

Birch,
Driving to work this morning I thought about this guy on the Jerry Springer Show a few years back. Well the guy was a cross dresser and it was quite amazing cause when he wore a dress -- he seriously felt 'like a woman'. I say this because in his mind -- he was honestly convinced that he was even MORE WOMAN than the real women throughout the audience.

Well this morning I'm laughing and having a really wonderful time reflecting on those memories. Mainly the expressions of the 'Real Women' in the audience and the way they were reacting.

So this guy gets up ~~ kind of mad ~~ I mean he was seriously fired up man ~~ and turns around and points out his ass and makes like some kind of 'indisputable challenge' to REAL WOMEN.

So all this brings me to YOU. Birch, these kind of memories and deeply entertaining now and I laugh a lot now a days when something like this comes to mind.

Well I would 'seriously' give you $5,0000 CASH -- if you take the stand at like a MEGA Big NAACP Convention -- and tell everyone that not only are you Black -- but you're more Black than all the ones attending.

And if people respond in 'disbelief' or 'anger' then you have to do some really weird s*** to prove it. Like strutt around and say 'What's up man'

Then walk up to the edge of the stage like that proves it, and tell everyone you really are more Black.

To have you doing that - for real - in my memory ... to play over here and there would be worth what ever you'd want.

I'd give you $10,000 for this one.

 

[Birchtree]

I still don't like Bill Clinton. He was our really first black president and blew it.

 

[Birchtree]

I've got to go work the garden area today - prepping for tomatoes and beans. Maybe some carrots for the winter. But first I need to raise some cash.

 

[Birchtree]

Polished off the remainder of my PVH position and bought: BP at $40.16, BHI, ACI, TKR. Tomorrow could be another buying opportunity now that I have some cash to play with.