Birchtree's Account Talk

[Boghie]

http://theguruinvestor.com/2011/04/20/grantham-gmo-see-small-cap-trouble/


My oceanic is ahead by $56K so far this week - I need to make another $55K and I'll be back into flower power. Mindylou has already made out my next buy list and I'm ready to continue spending myself into happiness. The more debt I can accumulate in this bull market the more money I will make. I'm still waiting on the epicenter of Elliott wave 3 of 3 of 3 known as the point of recognition - will it take Dow 13,000 to bring mom and pop back to the market - get ready for some serious gains ahead. Many don't understand what a 3rd wave can do to ones' technical work.

Muggle keeps taking long naps. That is a sure sign of market volatility. She likes to relax when things bounce up and down – in the end going nowhere. Plus, she knows if the bounces with the market she might bang her head.

If the Muggle is napping, I nap…

But, one eye open

 

[Birchtree]

This week wasn't to bad for the oceanic - next week could be the start of something exciting. All I need to do is make $13K and I'm back to building buying power. Here is what occurred this week: -$55K, +$40K, +$71K, +$42K for a grand total of +$98K. If I can make the same amount next week I'll be a happy camper - getting real close to the $2M gain off the March '09 lows.

 

[JamesE]

Congrats on a good month Bman, well played. I knew after the tsunami event that the I would be a good play, but I just couldn't bring myself to leave the proven performance of S.... Oh well, left a few thousand on the table. May is coming and the VIX is in a range that warrants attention. We may welll see some bumps in the road soon.

 

[Birchtree]

While reading my WSJ today I had me a slight fantasy. It seems that I made $1M off the March '09 low in 53 weeks in my oceanic account. I had a goal of making the next $M in about 40 weeks but ran smack dab into a 16% correction in April '10. I'm now entering week #112 which is 59 weeks from the first $1M - I"ll get there real soon. Now for the fantasy. I pulled down $98K last week and could perhaps have my next $M in 10 or 11 weeks. Anything is possible in this rampaging bull market. Come Monday I'm more than likely back into flower buying power and I'll spend every dime. $1M in 10 weeks sounds bodacious - better go back to my original goal of the next $M in 40 weeks - that cuts me some slack. Epicenter here we come.

 

[Birchtree]

"The SPX tested support on Monday and has since rallied up to resistance. If the resistance area gives way to a breakout, we could see a larger move transpire as it would trigger the inverse head and shoulders pattern." Everyone is aware of this pattern by now so let's really make it happen with gusto - I got a lot of money on the thin blue line.

http://www.safehaven.com/article/20716/will-the-sp-500-silver-gold-and-oil-breakout

 

[Birchtree]

"This type of shrugging off of bad news reaction is typical of powerful major 3rd waves in Elliott Wave terms."

http://www.marketoracle.co.uk/Article27723.html

 

[Birchtree]

"The US Dollar has a 60 week cycle that has yet to show up, it may be late, but it is there, and it could be a beast. All it would take for US dollar to break higher is a mere hint that the Fed may raise rates a tiny 0.25% or something similar."

http://www.safehaven.com/article/20738/this-is-the-contrarian-investors-next-big-winner

 

[JTH]

Congrats, Month-to-date you're number 40, doing rather well for someone who only has 2 buttons and the sell button is broken. :toung:

 

[Birchtree]

I think I'm going to make money today. I'm seeing more larger and larger price changes in stocks that are going up in price - the epicenter of 3 of 3 of 3 is not that far in the distance. You'll know it when you see it.

 

[hotwings]

BT,

Yes, pls let us know so we can trim some of our holdings and wait for a new entry point.

HAGD!

hotwings

 

[Birchtree]

There ain't no entry points - that's the plan. The bull will pull you in if you want to make money. Soon all you'll hear is get me in at any price. Buy high today because it'll be even higher tomorrow. Can you feel the anxiety building from the fence sitters - missing the train hurts even more than getting your sticky pants shredded by the bear. I'll ride the Grand Trunk all summer because I know what's up ahead.

 

[Birchtree]

"Nothing screaming look out for a dollar rally. Nothing screaming look out for a VIX rally."

http://greenfaucet.com/economy/stocks-dollar-and-vix-not-anticipating-negative-reaction-to-fed/33226

 

[Birchtree]

The most ever online for this MB was 452 - we could break that record. All we need is two more back to back triple digit Dow days - today counts as #1.

 

[Birchtree]

Well I did manage to accumulate some buying power today - so tomorrow I'll be buying some wall flowers. Got to keep adding to my base as we move higher - I might even finally reach that #2M by the end of the week - then I can count on working toward #3M - now that'll be fun for sure because I think it is going to come rather quickly. The question now is am I climbing the tracker against the 100% S funders. I did move 10% from the I fund back to the C fund today. I'll be hedging a little just in case the dollar happens to explode.

 

[Birchtree]

Attucher predicts the S&P 500 is going to hit 1500-1600 this year - and I think he is being conservative. The R2K is only 2 points away from its closing peak of 855.77 on 7/13/2007. The Transports peaked at 5492.95 on 6/5/2008 and is now less than 100 points away from that peak. With the SPX trading at about 14 times 2011 earnings per share, there is life in the rally yet. Money tries to get a position. When the point of recognition is met, the flood of capital will propel this market much higher - bring on the animal spirits.

 

[law87]

Attucher predicts the S&P 500 is going to hit 1500-1600 this year - and I think he is being conservative. The R2K is only 2 points away from its closing peak of 855.77 on 7/13/2007. The Transports peaked at 5492.95 on 6/5/2008 and is now less than 100 points away from that peak. With the SPX trading at about 14 times 2011 earnings per share, there is life in the rally yet. Money tries to get a position. When the point of recognition is met, the flood of capital will propel this market much higher - bring on the animal spirits.

hopes ur right

 

[Birchtree]

"It's always darkest before the dawn. It was dark out there - real dark. And yet, we should have all bought more."

http://www.safehaven.com/article/20763/waiting-on-a-train

 

[Birchtree]

Buying a few wall flowers this morning while the money is in my pocket: GLW, VCI, FLO, WMB, AP, TREX, BAS, WAB. It proposes to be a long day and I may return for a few more wall flowers later.

 

[nguyensv]

Buying a few wall flowers this morning while the money is in my pocket: GLW, VCI, FLO, WMB, AP, TREX, BAS, WAB. It proposes to be a long day and I may return for a few more wall flowers later.

why these stock picks?

I should read page 1 of your board to see how you got all this started...
I opened up a roth. The options are unlimited to what I could put in there.. but limited to the amount..

Taking your first advice you gave me. TSP isn't enough to retire on.

 

[Birchtree]

I started investing in 1973 with $1K and slowly built my base with savings and some luck. It does take money to make money and it takes time in grade to build up a TSP account. I'm now fortunate to stay fully invested during retirement because I've built the financial depth to assume the risks. I plan to make a great deal of money in the next several years primarily because I've prepared myself to reap the gains. My investment adviser, Mindylou, is an asset in helping me pick stocks - other than that it just takes years of experience and time involvement.