Birchtree's Account Talk

[Birchtree]

"Uncle Sam, effectively, is telling you to invest in the stock market."

http://www.marketwatch.com/story/the-best-stocks-for-grandma-2011-09-02

 

[Birchtree]

http://theguruinvestor.com/2011/09/02/baron-stocks-cheap-economy-better-than-you-think/

 

[Birchtree]

Finally a small dose of some good news: Monster Employment Index US, annual growth rate continues to remain positive at 8%. Index rises 2% from July, consistent with historical seasonal trends and there was an uptick in August. I'm not worried about a possible recession - there is no business positioned for a robust GDP.

 

[Birchtree]

I went ahead and sold three of my lamb chop account stocks to try and stay ahead of any damage from tomorrow. I now have more than ample cash that will allow more wall flower buying power. Even Romney is talking about a 0% capital gains tax as well as a 0% tax on dividends - this is bound to catch fire for the Dow at some point. Remember the market discounts the future. Longer term money flow is at all time highs. I'm ready to start buying some happiness again.

 

[RealMoneyIssues]

...any damage from tomorrow.

What damage? Tomorrow?

 

[jkenjohnson]

I went ahead and sold three of my lamb chop account stocks to try and stay ahead of any damage from tomorrow. I now have more than ample cash that will allow more wall flower buying power. Even Romney is talking about a 0% capital gains tax as well as a 0% tax on dividends - this is bound to catch fire for the Dow at some point. Remember the market discounts the future. Longer term money flow is at all time highs. I'm ready to start buying some happiness again.

Did u sell BAC?

 

[Birchtree]

In this market environment one doesn't need a reason to send the market down heavily - just make one up. But then again it doesn't need a reason to rally. I think Huntsman and Romney will set a spark eventually sending money into the equity markets - where else can money be made. And if you reduce taxes...even in 2012 the market will rally.

 

[Birchtree]

I have no plans to sell my BAC position - I'd actually like to add to it in the next few days, probably getting another 500 shares.

 

[jkenjohnson]

I have no plans to sell my BAC position - I'd actually like to add to it in the next few days, probably getting another 500 shares.

Just checking. I should have bought some more this morning as it actually dipped below $7.00 briefly.

 

[Birchtree]

It's time for the I fund to show some metal and seek escape velocity - otherwise....I'm going to start buying back into the five positions I sold from my lamb chop account last month, they are: CE, CLF, TWIN, RES, JCI. I'm not sure how long it will take to reestablish because I have so many other wall flowers that merit attention. But it's time to start the repairs. I'm so bullish with these golden prices that only a few hard liners want. Over soldness and excessive fear are never sustainable, regardless of the current or near future newsflow. What happens if the Fed decides to start buying equity indexes.

 

[burrocrat]

meep meep

View attachment 15252

that's +0.08% better than you.

movin on up.

 

[bmneveu]

I'm going to start buying back into the five positions I sold from my lamb chop account last month, they are: CE, CLF, TWIN, RES, JCI.

I'm bullish on CLF, I think that's a good choice. And at $75, what a bargain. I may have to pick some up here shortly..

 

[alevin]

CLF is on the list, but I'll wait til the chart looks a bit better. not good (bad) enough yet.

 

[Birchtree]

I'm buying to repair my lamb chop account: CE, CLF, TWIN, ACI, RF, PHM, ANR, KEY, BAC, RES, EP, TRW. I'm burning my free trades and finally having some fun building for my future. Just think, maybe no taxes on dividends.

 

[eccougar]

I'm buying to repair my lamb chop account: CE, CLF, TWIN, ACI, RF, PHM, ANR, KEY, BAC, RES, EP, TRW. I'm burning my free trades and finally having some fun building for my future. Just think, maybe no taxes on dividends.

Birchtree I bought ACI yesterday and it is up over 6% this morning.

 

[Birchtree]

Rumor has it that ANR might be a take over candidate. I'm buying wall flowers today with abandon: AA, GT, MAS, TRV, NBR, AHC, HBI, TIE, GCI, TEX. My game is to accumulate as many stinky flowers as I can stand to smell. If the Dow can get up over +200 I'll spend a few more dollars because prices are golden.

 

[Birchtree]

I'm chasing that steely Ferdinand and buying wall flowers he likes: STI, AIG, PCX, EXH, AKS, SLE. I posted this back in the first week of August and worth a repeat. "The contrarians who've trained and hardened themselves to fight the crowd, intense selloffs are harbingers of great opportunities. Aggressively buying stocks in their fear filled hearts nearly always leads to huge profits within a matter of months." So I'll hold my 80% I position and remain patient.

 

[Birchtree]

The truck is backing up to dump a load of superlative bull manure on my lawn - way to go. Inverted yield curves (short term rates above long term rates) are often associated with bear markets and recessions - we are not there yet. "The fact that the current curve between shorter-term debt and 30-year bonds is historically high signals the U.S. may not be at as large of a risk of falling back into a recession as many market participants believe. Yields down at these levels still reflect some nervousness, but the curve is much steeper today than anything you got in 2002, 2003, signaling a better economic environment going forward."

 

[Birchtree]

Yesterday when the Dow was -308 down about 99% of my stocks were in the red - today is a different story. I made a few more purchases but will save some wall flower buying power for tomorrow - now I'll rest: KR, WMK, FGP, CX. The last hour could be very strong to the upside. Let'er rip.

 

[RealMoneyIssues]

Why do you buy when the market is up?

Seems counter productive.