Birchtree's Account Talk

[Birchtree]

http://pragcap.com/the-death-cross-does-not-live-up-to-its-hype

 

[Buffalo_Nickle]

wow, that guy looks exactly like my brother Cleotus, unbelievable!!

 

[robo]

Dennis,

It looks like you are not the only one buying those wall flowers "DCA into: PNC, SLE, HBI, SE, ACC, LZB, NGS, UGI."


A new record.....for insiders buying.

http://seekingalpha.com/article/288...llish-contrarian-sign?source=email_macro_view

 

[Birchtree]

"The S&P 500, on a trailing 12-month P/E basis, is as cheap as it's been since 1991."

http://seekingalpha.com/article/288888-weekly-market-outlook-emotion-rules-the-day

 

[RealMoneyIssues]

"The S&P 500, on a trailing 12-month P/E basis, is as cheap as it's been since 1991."

http://seekingalpha.com/article/288888-weekly-market-outlook-emotion-rules-the-day

Ok, but who is buying... Not a lot of folks buying out there???

 

[Warrenlm]

OTOH, some discussion this morning about the probability of projections of forward earnings being revised down gradually, company by company. Some comparison with S&P value today with 2007's. $79 mentioned.

Why does anyone give credence to past earnings in times of great uncertainty? Even the enthusiasm of Jamie Diamon did not put a timeframe on when we get out of this.

 

[Birchtree]

The Chicago Fed Activity Index did show an improvement to -0.06 in July from -0.38 in June. Small improvement for sure but the data show less risk of a recession.

 

[Birchtree]

My oceanic is getting a good pop today from my small cap positions - I could be off the ice block tomorrow and ready to accumulate more wall flowers. I've made 197 individual DCA purchases so far in August and see to reason to stop now if we continue to rally. My margin interest rate of 2.75% is working in my favor so let's leverage up and enjoy the opportunity. The bull is only sleeping and could be ready to stampede.

 

[robo]

Links only a Bull could Love!


Kass: Selling Storm Might Be Clearing


http://www.thestreet.com/story/11227072/1/kass-selling-storm-might-be-clearing.html

New buys GE KFN SLM and AXP

http://twitter.com/#!/dougkass

Kass: Is Everyone Too Bearish?

http://www.thestreet.com/story/11228474/1/kass-is-everyone-too-bearish.html?cm_ven=GOOGLEN

 

[Happy_Trails]

Birch, what are your thoughts on the energy sector in general? Is the entire sector a good play or just coal?

 

[Birchtree]

The whole energy sector is a good play - I'm getting ready to pick up a brand new wall flower in CNQ. Coal is being exported and trains are moving it to the coasts. The coal sector has really been oversold and I'm ready to take up some heavy DCA bites.

 

[MrBowl]

My oceanic is getting a good pop today from my small cap positions - I could be off the ice block tomorrow and ready to accumulate more wall flowers. I've made 197 individual DCA purchases so far in August and see to reason to stop now if we continue to rally. My margin interest rate of 2.75% is working in my favor so let's leverage up and enjoy the opportunity. The bull is only sleeping and could be ready to stampede.

Birch, I hope you reach all of your goals ahead of time. The rising tide lifts all boats, right, so good for the rest of us too. Considering all of your stock purchases, I hope your tax man is well compensated. Whew...thats a lot of record keeping to report!

 

[Birchtree]

My broker keeps track of all my purchases and sells that are reported to the IRS on a 1099. The IRS even knows when I go to the bathroom. All I have to do is complete my Schedule D - and that can be easy if you don't do much selling like I'm trying to do this year. I'm trying to save my capital gains until 2012. I sold off five of my lamb chop stocks running from a margin call earlier. Maybe that'll be it for the rest of the year - all I want to do now is accumulate my wall flowers. I should be able to get some today.

 

[jkenjohnson]

Birch,

FYI AMAT looks pretty cheap to me and it is going to report better than expected earnings.

 

[Sensei]

The IRS even knows when I go to the bathroom.

That's because you crap 24 karat gold.

 

[Happy_Trails]

Is the train leaving the station? I've been listening to CNBC this morning and the speculation is that yesterday's rally was traders covering shorts rather than QE3 speculation and that there is now more risk to the upside rather than to the downside. Snort

 

[jkenjohnson]

Is the train leaving the station? I've been listening to CNBC this morning and the speculation is that yesterday's rally was traders covering shorts rather than QE3 speculation and that there is now more risk to the upside rather than to the downside. Snort

My personal opinion is that the train will hit a wall at the end of the week.

 

[Birchtree]

Trying to buy some happiness this morning taking big bites on some banks: BAC, RF, KEY, STI, AEO, DSX, HAL, TRW, CNQ, ACI. I'm going shopping again.

 

[Birchtree]

"U.S. profits can grow in a period of not funtastic, but OK, GDP growth. Margins will go to levels we haven't seen in 50 to 60 years." Now that would be remarkable.

http://theguruinvestor.com/2011/08/22/top-strategists-see-slow-growth-strong-profits-for-u-s-firms/

 

[Birchtree]

"We think the market (S&P 500 index) has a chance to reach 1350-1400 by yearend and over 2000 by the end of the decade."

http://blogs.marketwatch.com/thetell/2011/08/24/the-case-for-terrified-bulls/