Birchtree's Account Talk

[RealMoneyIssues]

Does not look like it will Rocket today.

Nope, looks like techs and small caps are going back to Friday's level... Monday's gains are gone... should have gone to G or F on Monday... sigh

 

[Birchtree]

Nah, this market can turn on a dime with the right catalyst - oh, maybe something from the ECB. I have to buy now while wall flowers are golden if I want to be able to levitate the oceanic to the $3M level. This is exactly what I did off the March '09 lows and came within $24K of making $2M on April highs. So I'm staying in the game. I'm still ahead on the week so far.

 

[Guest2]

Your the Best !

 

[RealMoneyIssues]

Nah, this market can turn on a dime with the right catalyst - oh, maybe something from the ECB. I have to buy now while wall flowers are golden if I want to be able to levitate the oceanic to the $3M level. This is exactly what I did off the March '09 lows and came within $24K of making $2M on April highs. So I'm staying in the game. I'm still ahead on the week so far.

Catalyst, what catalyst...

Go PermaBull, Go !!!

 

[Birchtree]

"Upside potential now substantially outweighs downside risk."

http://www.marketwatch.com/story/was-that-the-bottom-2011-08-17

 

[Happy_Trails]

"Upside potential now substantially outweighs downside risk."

http://www.marketwatch.com/story/was-that-the-bottom-2011-08-17

If you have 200 years, stocks look good.

 

[Birchtree]

Most of my stocks will pass to my heir and a step up in basis will be in effect - if they don't change the rules.

"The Bear case is crowded, the Bull case is not."

http://www.safehaven.com/article/22202/bears-yell-fire-in-empty-theater

 

[Happy_Trails]

Most of my stocks will pass to my heir and a step up in basis will be in effect - if they don't change the rules.

"The Bear case is crowded, the Bull case is not."

http://www.safehaven.com/article/22202/bears-yell-fire-in-empty-theater

So 200 years is within your personal time horizon.

 

[Birchtree]

As an example, if you build a nice base inside a Roth IRA that feeds itself it becomes a great asset to pass onto an heir. The heir will be required to take a minimum distribution yearly based on age criteria - if careful less is taken out so the Roth continues to feed itself - and is then passed on to the next generation without any tax consequences. Equities operate in the same way - there are no tax consequences because of a step up in basis.

 

[Birchtree]

Well there were no great shakes today but tomorrow is another opportunity. I still have ample flower buying power that I'm looking forward to spending for the grandkids.

 

[FAB1]

Two days of weakness the bear flag wedge is closing and s&p death cross emenient.

It don't spell R E L I E F.

 

[jpcavin]

Two days of weakness the bear flag wedge is closing and s&p death cross

It don't spell R E L I E F.

I'm thinking of jumping into equities soon. What do you think about them apples?

 

[RealMoneyIssues]

I'm thinking of jumping into equities soon. What do you think about them apples?

Bad if you're a contrarian indicator...

 

[Happy_Trails]

I'm thinking of jumping into equities soon. What do you think about them apples?

Wow, I think I better stand pat then.

 

[Birchtree]

That reminds me, it's almost time to pick up some FDP (Fresh Delmonte).

 

[jkenjohnson]

Two days of weakness the bear flag wedge is closing and s&p death cross emenient.

It don't spell R E L I E F.

A lot of data coming out tomorrow and I am looking for another down day. I hope I am wrong (I usually am).

 

[FAB1]

I'm thinking of jumping into equities soon. What do you think about them apples?

Is the TMTM situation beginning to look promising?

 

[jpcavin]

Is the TMTM situation beginning to look promising?

Not yet. I was just joking. Just verbalizing my frustration at the market going nowhere.

 

[RealMoneyIssues]

Not yet. I was just joking. Just verbalizing my frustration at the market going nowhere.

Nowhere??? It's going down... oh, again...

 

[Warrenlm]

By now you've surely heard reveille. Take a break and post your buy list today.