Birchtree's Account Talk

[Birchtree]

Today could easily be another grand hit to the S fund of around $0.26 or more. I'll take it. I'm not looking for a big small cap index rebound but rather individual stock performance going forward. I'll hold my 20% S fund only as a hedge.

 

[law87]

Today could easily be another grand hit to the S fund of around $0.26 or more. I'll take it. I'm not looking for a big small cap index rebound but rather individual stock performance going forward. I'll hold my 20% S fund only as a hedge.

whoah i thought you were still in I

 

[Birchtree]

Currently 10C/20S/70I - with a plan to reduce my I fund holding to 60% I when it gets to $22.50 and add to my C fund.

 

[jpcavin]

It seemed EFA did better than IWM but at the end of the day, we got gypped again. That I fund sure is hard to figure out. Hope we get our FV tomorrow, if not by Friday.

 

[Birchtree]

Here's something a little strange. In looking back I see where I gave back $278K on week #61 off the March '09 lows during week 5/3 - 5/7/10. I could be getting ready for a damn repeat. The second week into May '10 I gained $136K. So it's all in the sacrifice of holding one's position for the greater good. This too shall pass. But that time period was the beginning of a 16% correction - not gonna happen this time. I survived then and I'll survive this round of give back. I'm reminded that bull markets do not like company and the market will do everything it can to make the majority gun shy and keep the bears from recognizing the prevailing trend. The A/D line is not diverting, and it's very rare the price will top without A/D divergence.

 

[jpcavin]

What is A/D?

 

[law87]

Here's something a little strange. In looking back I see where I gave back $278K on week #61 off the March '09 lows during week 5/3 - 5/7/10. I could be getting ready for a damn repeat. The second week into May '10 I gained $136K. So it's all in the sacrifice of holding one's position for the greater good. This too shall pass. But that time period was the beginning of a 16% correction - not gonna happen this time. I survived then and I'll survive this round of give back. I'm reminded that bull markets do not like company and the market will do everything it can to make the majority gun shy and keep the bears from recognizing the prevailing trend. The A/D line is not diverting, and it's very rare the price will top without A/D divergence.

on your side this round, i hope your right

 

[Birchtree]

Jp,

A/D is the NYSE Advance/Decline line of all common stocks on the NYSE. The A/D line closed at all time highs last week demonstrating nice strength.

 

[grandma]

....end of the day, we got gypped again. That I fund sure is hard to figure out. Hope we get our FV tomorrow, if not by Friday.

We need another replacement for who-ever it was that used to post
the IFV every evening. One time it was McDuck, I think, so who was it that did it before him?

 

[AlwaysGone]

350z

 

[jpcavin]

We need another replacement for who-ever it was that used to post
the IFV every evening. One time it was McDuck, I think, so who was it that did it before him?

How does one even go about getting that information? Where do you start?

 

[Birchtree]

By the way - during that 16% correction last year I coughed up a solid $660K so I can really take a beating and keep on ticking - you have to be able to hold the line and not get blown out. It's so much easier with my tugboat account (TSP) because I'm not using any leverage to boost gains like I am in my oceanic account. I did come within $37K of getting a margin call. So now I've built my sacrificial lamb chop account to provide added protection of my base. If we drift sideways into June my dividends will chip in for the heavy lifting. That way I'm always buying something.

"Bulls are now 54.9%, while the bears are only at 16.5% for a nasty spread of 38.4%. Not good numbers for the bulls, thus over time, we will need to unwind things back down to create fear and get those levels to well under 30% so the market can have enough energy to rock higher."

http://www.marketoracle.co.uk/Article27941.html

 

[Birchtree]

JP,

You can send McDuck a pm - I'm sure he would be gratified and would propitiate your request.

 

[jpcavin]

BTW,
Whatever happened to McDuck?

 

[Birchtree]

He and I were in a contest to see who could get banned the most - he won. I believe he has been reinstated and is in good standing. He and I are very similar on the political stratum. Tom doesn't like us to trash ignorant Democrat politicians on this MB.

 

[nnuut]

We need another replacement for who-ever it was that used to post
the IFV every evening. One time it was McDuck, I think, so who was it that did it before him?

I think it was GTO1970 before McDuck.

 

[jpcavin]

Tom doesn't like us to trash ignorant Democrat politicians on this MB.

Are you still competing?

 

[Frixxxx]

I think it was GTO1970 before McDuck.

It was Corvette!

 

[RealMoneyIssues]

Tom doesn't like us to trash ignorant Democrat politicians on this MB.

Too bad, it's always fun to read :nuts:

 

[Birchtree]

The stock market is often regarded as a discount mechanism for the future. If that is true then when James Altucher says he believes QE2 hasn't yet hit the economy, but will in coming months, then much, much, better days are ahead for the market. I'm staying with the program because 3 of 3 of 3 and the point of recognition could be straight ahead and provoke a powerful rally to new all time highs - making me wealthy.