Birchtree's Account Talk

[Birchtree]

#4 Love-to-bike has moved to 70G trying to secure his gains - but that leaves an opening for #10 Truehonest at 100I who is getting ready for his Smarty Jones move to the front to take the lead. I'll wait on the consolidation to help me move up while the S funders get toasted on both sides. Everyone seems quiet about any consolidation prior to the election - but that's the bull's way of leaving good unsuspecting folks undone. Time will tell.

 

[Birchtree]

My oceanic has now had gains for the last six weeks taking in $12K this week - meager but still helpful. I now need to make $800K in the next 8 weeks to achieve my goal of $2M off the March'09 lows. It does seem insurmountable but nonetheless it's possible to accomplish. But first I've got to get through the potential give back of next week. Once I clear the next $131K I'll free up $1441K of buying power maximum trade value available - and it'll be real fun to spend. Of course the danger in increasing margin is the back up margin call - but I have the lamb chop account ready with a hair trigger if needed - otherwise I need the tax deduction to offset my dividend income. A healthy sell of next week would reduce bullish sentiment and bring the oscillators back into range - then the first week in November all bears pay the dearest price of capitulation. The move has the potential of being historic - be ready to soar Ferdinand. If we can get passed SPX of 1250 there is nothing but wholesome clean air all the way to 1475, then a few more points for the Santa rally to 1577.

 

[J-Trader]

You're more bullish than James Altucher. Many think he's outta his mind, but honestly I hope you're both right.

 

[Boghie]

FWIW I'll be 20G/50C/30I COB 10/22 which just happens to be my wedding anniversary - the wife asked me if I remembered it the other day - got it right on the third try.

Got married on the Halloween after 9/11.

A very hard day and year to forget.

Wish it was more forgettable.

 

[Birchtree]

It's shaping up to be another good day in the Birchtree bean fields. A lot of stocks are growing. But we need rain sometime this week. I need about three days to settle down the small caps. Until then I'll take what I can get.

 

[Birchtree]

"Assets aren't as cheap as they were a few months ago. But it's possible they could go straight up, beyond any sensible value. For investments, the story hasn't changed...it has only gotten better. Stay all in. Sit tight. Don't cut and run."

http://www.marketoracle.co.uk/Article23749.html

 

[dannyboy]

It's shaping up to be another good day in the Birchtree bean fields. A lot of stocks are growing. But we need rain sometime this week. I need about three days to settle down the small caps. Until then I'll take what I can get.

*************************
I am kind of doing what I don't like to do and that is to follow others, historical leads,etc. I just went from C-60,I-40%% to S-100%. I still had a good feelin' for the I, Lots of Luck, Ireland?, but the S should do well in holiday months? I thought that I-fund will continue to bounce while the S is going up for the American Holidays! |Bet5ween that and more Republicans coming into the Senate at mid-terms, Wall St. hopefully will keep getting better? :suspicious:
DB

 

[Birchtree]

Here I am today biding my time standing in my well camouflaged spider hole. Patiently waiting for the S funders LRRP to pass into my range - then we commense the ambush. It's an awful way to make tracker gains but we take no prisoners in this game. For those unfamiliar with LRRP (Long Range Reconnaissance Patrol). Four down days would be perfect for my strategy - I'll gladly take the hits for future gains.

 

[JamesE]

Looks like you'll have to wait for at least one more day B. Price action is looking good for S funders today! Your C fund has an 8% margin to make up.

 

[Birchtree]

"If you have trouble imagining a 20% loss in the stock market, you shouldn't be in stocks."

http://www.safehaven.com/article/18687/dow-jones-similarity-chart-shocker

 

[Steadygain]

"If you have trouble imagining a 20% loss in the stock market, you shouldn't be in stocks."

http://www.safehaven.com/article/18687/dow-jones-similarity-chart-shocker

Oh great Guru -

I have no trouble imagining a 20% loss in the stock market


What I mostly had trouble with was keeping everything in the same place. As time goes on -- I finally have learned it's better to diversify than to remain wholly in G or F.

But - that's me Birch - and people have to do as their level of risk allows.


Just out of curiousity -- don't ya think a higher level of risk may bring the greatest returns ??



BTW - Markets seem to holding

 

[Birchtree]

" 11) Housing is much more dangerous to mess with than stocks, as houses are more broadly owned, more easily borrowed against, and seen as a more stable asset. Consequently, the wealth effect is greater."

http://pragcap.com/jeremy-grantham-ruinous-cost-fed-manipulation-asset-prices

 

[Birchtree]

"Once the VIX broke above 20 and trend, it has been a fairly good indication that a correction is at hand."

http://financialsense.com/contributors/ryan-puplava/this-time-it-is-different

 

[Birchtree]

http://www.cnbc.com/id/39857956

 

[Birchtree]

Please hurt me, hurt me - I want to feel some pain. The Dow is down 106 - let's take it down to -180 and then I'll be happy. I want my pain like I want my Mapo.

 

[felixthecat]

Looks like market is willing to fulfill your request. Looks like a -186 Dow Day. Be careful what you ask for.

 

[nnuut]

He Jinxed us!!

 

[Birchtree]

I actually need another two days of rope a dope - then I'm ready to move up the tracker. Get the consolidation over before November rolls around and then the market is set up to rocket higher. It will be interesting to see how many S funders cut and run leaving a trail of red.

 

[felixthecat]

I like your thinking. I haven't seen the dollar rally more than 2 or three days then right back down. Will take another peak on Friday to see if calmer nerves prevail or whether we are looking at a 5 to 10 percent correction. I may be caught leaning the wrong way since I caught the Birchtree bull market fever. May need a couple of aspirin to bring the fever down to reality.

 

[Birchtree]

My oceanic account is already off $46K on the day - so take another little piece of my heart why don'tja babe. The small caps are being sliced and diced according to plan. Another two days and I may go all in again with my 20% G position into the S fund - or I may wait for the $17.75 price I really want. It's all good for the long term into the rest of the year.