Birchtree's Account Talk

[Birchtree]

Apple.

 

[Happy_Trails]

Jack Bogle thinks this selling is overblown. I respect him a lot and tend to agree.

 

[Birchtree]

The selling is definitely overblown and institutions will be stepping up - I think. Maybe Obama will say something productive - but I have my doubts. It's going to all depend on Bernanke.

 

[robo]

The selling is definitely overblown and institutions will be stepping up - I think. Maybe Obama will say something productive - but I have my doubts. It's going to all depend on Bernanke.

Buy Stocks Now
By Jeff Clark
Monday, August 8, 2011


Forget about the panic. Forget about the gut-wrenching, portfolio-busting decline last week. Buy stocks now. They'll be higher by the end of the year.


http://www.growthstockwire.com/

 

[JamesE]

I think these prices are going to be too delicious for the big boyz to ignore. The economy just isn't this bad, you have to remember that. This is a computer driven event, machines don't have emotion. They trade thier programs, stops get hit and the selling begins, and feeds on itself after that.

 

[Birchtree]

With the Dow down 512 points I went into my lamb chop account to stay ahead of a margin call.

 

[FAB1]

At least this "crash" should nail the coffin shut on any chance of that Kenyan vampire from getting a 2nd term. Good riddance.

 

[Mcqlives]

At least this "crash" should nail the coffin shut on any chance of that Kenyan vampire from getting a 2nd term. Good riddance.

Birch, Birch, Birch...where is your faith in the American People? A few years ago I won $50 from my boss because I had faith in the people of Illinois re-electing Blago. Don't you think that BHO has a chance?

For the record...I hope, and pray, BHO does not win a 2nd term. And if he does, maybe what happened to Blago will happen to him, after all, they both came from the Chicago Democratic machine mill.

 

[FAB1]

Birch, Birch, Birch...where is your faith in the American People? A few years ago I won $50 from my boss because I had faith in the people of Illinois re-electing Blago. Don't you think that BHO has a chance?

For the record...I hope, and pray, BHO does not win a 2nd term. And if he does, maybe what happened to Blago will happen to him, after all, they both came from the Chicago Democratic machine mill.

???Whatdaya mean birch, birch, birch -?? Ya quoted my post there, me bucko!

At least the thought of a 1 term Obozo, makes me feel much better...ahhhhhh!

 

[JOVARN]

There is plenty of blame to go around. I would like to thank everyone for the recent market drop as I have been in G since oct of 2009.
Today I went 25 S and 25 I . If it drops again tomorrow I will put in the rest and you can be sure I will take it all out again by mid Nov.

 

[SteelSaving]

nevermind

 

[Mcqlives]

???Whatdaya mean birch, birch, birch -?? Ya quoted my post there, me bucko!

At least the thought of a 1 term Obozo, makes me feel much better...ahhhhhh!

I meant...Fab, fab, fab! Sorry!!!

 

[Birchtree]

I sold 5 of my sacrificial lamb chop stocks today and that was part of my early strategy - I've still registered a margin call, but I'll have three days to cover it. I didn't want to take any profits this year but sometimes prudence is the better part of valor. I wanted to carry my excess interest rate deductions into 2012 but that has now changed. The good news is that I now have more than ample flower buying power and should be able to catch many golden prices as I DCA into my base - more than making up for the dividend income I let go of today. I was prepared to do what I had to do - with minimal fear or panic. If the rally comes tomorrow I'll be in the market rather heavy because I think we are going right back up - this will be the shortest bear market in history. 17 billion on the volume, the most in years. I don't want to do any more selling - but I'm going to be a buyer just like in 2009. The majority of my oceanic base remains intact.

 

[FAB1]

I meant...Fab, fab, fab! Sorry!!!

 

[Birchtree]

I took a very hard hit today but I handled it. Let's see what the Fed may come up with tomorrow to re-establish some form of stability. The selling has to be getting exhausted with 17 billion shares traded. Oil is now around $80.74 - that will translate into consumer income. The Dow P/E has to be in the 11 range which is pure value - I'm sticking with the large caps in my tugboat (TSP).

 

[RealMoneyIssues]

Let's see what the Fed may come up with tomorrow to re-establish some form of stability.

How is that possible if there is no leadership in this government; all 3 branches? Only leadership, with a good plan, will get us out of this problem. Pointing fingers (a speech today comes to mind) will not.

 

[Lobo]

I wish!! Please explain how that when Oil was $115 we payed ~$3.75/gal....now, it's ~$80 and we are paying $3.50/gal??? I think this will translate into more billions of profit for oil companies per quarter without concern for the consumer?! Makes me downright angry....and I don't usually get angry!

Lobo

 

[FAB1]

I wish!! Please explain how that when Oil was $115 we payed ~$3.75/gal....now, it's ~$80 and we are paying $3.50/gal??? I think this will translate into more billions of profit for oil companies per quarter without concern for the consumer?! Makes me downright angry....and I don't usually get angry!

Lobo

It would only translate into consumer income if the oil co! Were not crooks.

 

[Rogue]

Birchtree, I appreciate your thoughts on here today. I sense a veil of concern in many of the "buy now" voices. Your rational approach is refreshing.

...This is a computer driven event, machines don't have emotion. They trade thier programs, stops get hit and the selling begins, and feeds on itself after that.

A lot like what Cramer said today.

 

[jkenjohnson]

I took a very hard hit today but I handled it. Let's see what the Fed may come up with tomorrow to re-establish some form of stability. The selling has to be getting exhausted with 17 billion shares traded. Oil is now around $80.74 - that will translate into consumer income. The Dow P/E has to be in the 11 range which is pure value - I'm sticking with the large caps in my tugboat (TSP).

So even if we have another day like this tomorrow, you are staying in?