Birchtree's Account Talk

[jpcavin]

You would have to remind us!

Hey, I'm old too. My kids remind me of that daily!

 

[Nate]

Hey birch if you dont mind me asking, I know youve got quite a lot of stocks working for you, but what would you say your ratio is of higher risk "wall flowers" to lower risk "blue chip" performers?

 

[Birchtree]

Judy,

I'm slowly working my way toward your current allocation of 40C/20S/40I and will probably remain there for the duration of the summer. The dollar will continue to be soft awhile longer but will at some point reverse - that's when I'd like to be holding only 40%I fund. A price of $22.50 would seem propitious to move another 10% to the C fund. After that we'll have to see how the world looks for the next 20% to the C fund. Now I'm off to buy some wall flowers. Every day the market rallies I earn flower power in my margin account - that's money used to buy without selling something. When Uncle Ben states that interest rates will remain unchanged for an extended period of time - that only encourages the formation of more margin accounts - and that creates demand for equities. It's a great time to own assets.

 

[Elgallo]

http://www.youtube.com/watch?v=qyv3PJs-KBw

 

[Birchtree]

Nate,

My guesstimate is probably 70% small cap and 30% large cap in my oceanic account. I invest my portfolio as a family unit. My wife is fully loaded in large caps in her defined contribution plan and my TSP (tugboat) is moving toward 80% large cap and 20% small cap. At this point in the market cycle the random walk theory is working well. I just buy what I like and a lot of my choices are based on contrarianism - if it stinks I like it especially if they pay a dividend. I just found out my KRO has declared a 2 for 1 stock split at about $60. I'm in at a low of $9.50 and have been dollar cost averaging all the way up. I expect more stock splits and buy outs as the market moves higher in price.

 

[RealMoneyIssues]

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.

Nice jump on VCI on high volume this morning... Wonder what happening there?

 

[Birchtree]

It could mean that a slower economy may mean the use of more coupons - I never go to the grocery without mine.

 

[Birchtree]

My moto is to just buy'em: CE, STO, HSC, AKS, HEI, DRC, KMT, HBI. I'm afraid I'm going to have so much money I won't be able to spend it all - nah, that fear is unrealistic. I've prepared a long time for this moment and will spend every dime until the Dow hits 16,875, then I'll catch my breath.

 

[hotwings]

ur crazy.... like your attitude though. .I call that many years of experience/wisdom.

 

[FAB1]

Miss me yet?

 

[jpcavin]

Miss me yet?

How did you know? I don't like being sarcastic all by myself.

 

[jpcavin]

Man, I need to quit answering other people's account. :embarrest:

 

[Birchtree]

Crazy yes, but foolish no. I'm having disciplined fun while trying to stay away from euphoria. Today I made a purchase of CE which is part of my lamb chop sacrificial account. I paid $49.20 today and my previous DCA price was $44.43. I know that this market can bite me at any time. Our current cyclical bull has thus far been a more supercharged version of 2003 onwards. Since 1940 there has never been more than one 10% (or more) correction in an ongoing bull market. So I have history on my side as I step into the arena - though a 9% consolidation would be painful. The 16% correction we had in 2010 took me down around $600K before the reversal - but I could handle that pain. The higher up I go in price the more pain I'll experience no matter the percentage of pain. So I say no pain no gain.

 

[Birchtree]

I'm really excited now - the Transports at 5506 is at an all time high - the first important index breakout. It's time to buy something train related.

 

[jpcavin]

I'm really excited now - the Transports at 5506 is at an all time high - the first important index breakout. It's time to buy something train related.

I can envisage the flowers sprouting as you wall by. :laugh::laugh:
View attachment 10986

 

[Bquat]

I can envisage the flowers sprouting as you wall by. :laugh::laugh:
View attachment 10986

That would have been a good avitar for birch, he's so bullish with a kind heart. But there's too many that tkink he sticks to his bullishness so hard like the wood of a birch tree. Or is that walnut?

 

[RealMoneyIssues]

That would have been a good avitar for birch, he's so bullish with a kind heart. But there's too many that tkink he sticks to his bullishness so hard like the wood of a birch tree. Or is that walnut?

or oak... black oak... very tough

 

[Birchtree]

A few more nibbles before we close: TRN, NL, OLN. I'm addicted to equities. But it is a very profitable addiction - so no rehab yet.

 

[JTH]

Congrats, I didn't even notice you're in the top 50, that's a lot of chickin-sh!ts you had above you exiting to the sidelines. I see you could easily pass me up tomorow, wihout even blinking.

 

[Birchtree]

The small caps have been soft the last two trading days - tomorrow could return some vigor. If so my oceanic expectation is for a gain of around $40K - especially if money rotates back into energy.