Birchtree's Account Talk

[Birchtree]

The market had me backing up all day yesterday with the pounding my small caps were taking. If the R2K holds up today I'll be open for buying business tomorrow. I just can't let these golden prices slide away. I'm having to start a little further down the ladder but there will be plenty of time to regain lost ground.

 

[FAB1]

Lets hope they are golden prices, if we start to go back up, yes - if not. Ouch!

 

[Birchtree]

Whew that was a nice breeze - leaving me with about $350K to spend tomorrow and I'm going to try and blow through every dollar. I did get a few buys before the close: ACI, AKS, CE, CBI, ALB, TWIN, RES. I've got some serious rebuilding to do - but I've got the time and the dime.

 

[Birchtree]

http://blogs.marketwatch.com/thetell/2011/10/04/key-reversal-day/

 

[RealMoneyIssues]

http://blogs.marketwatch.com/thetell/2011/10/04/key-reversal-day/

Just to be fair:

To be sure, a key reversal day in an of itself does not guarantee that the bear market ended today.

Please don't make assumptions and believe that the bear market won't happen. Be smart, wary, and cautious...

 

[Birchtree]

These are the wall flowers I've purchased this morning: MCP, BAC, JCI, LNN, ANR, MOS, EP, CLF, RES, CBI, GT, ALB, TRW, AME. I plan to add to my oceanic base all day - market permitting. Buying the fear my friends with abandon.

 

[Birchtree]

Still buying to my hearts content because I'm hoofhearted: BMY, CX, PCX, LII, HVT, LZB, RF, GB, PXD, EXP. Best stock market value investing opportunity in 20 years.

 

[Birchtree]

The market is being kind to me today so I'm still buying my wall flowers - some I've actually doubled up on: ACI, ANR, PHM, GE, SPLS, CVG, KOP, TEN, AGCO, BK, MS. If the market holds I'm in for more golden prices.

 

[Birchtree]

These are my last purchases for today and now I can rest for the last hour: MYE, HUN, SD, POL, GMT, MLI.

 

[Birchtree]

It certainly is a pleasure to have a breeze at my bullish back going into the close - another run tomorrow will have me buying my favorite wall flowers. Those I bought today may even appreciate if this momentum continues. This is a market for a contrarian.

 

[Birchtree]

"History clearly shows that Dow Theory trend changes are not always ominous nor do they always set the longer-term trend for the market."

http://www.safehaven.com/article/22800/dow-theory-update

http://www.safehaven.com/article/22807/satisfaction

 

[Birchtree]

"I think we probably just saw a major turning point today. One that should mark a bottom for at least a couple of months."

http://www.marketoracle.co.uk/Article30803.html

 

[Birchtree]

"The stock market could soon bottom and nobody knows it."

http://www.marketoracle.co.uk/Article30771.html

 

[Birchtree]

I'm currently sitting on $339K in my flower pot - if the market does another rally I'm committed to try and spend at least 50% of the money - buying early in case this is a bull market continuation. I'm doing exactly what I did in 2009 and 2010 - trying to build income for the longer term.

 

[Birchtree]

"It is advisable to ignore the first few days of rally off a low. The reason is that many a rally following a significant downdraft can prove to be a fake out by stalling after a few days of advance." But I'm not listening.

http://www.marketwatch.com/story/rally-a-two-day-wonder-or-something-more-2011-10-06

 

[Birchtree]

I'm listening to Michele's "Clown" while I'm buying stocks: CLF, CE, MOS, LNN, VHI, JRCC, RT, AVT, CSCO, MCP.

 

[Birchtree]

Geesus, he finally finished his lies - and the market is kind to me today so far: RES, TRW, AME, ALB, AA, TITN, EP, KEY. It's time for my lunch break but I have more wall flower buying to get done.

 

[Birchtree]

This stock buying is hard work: VMC, HOS, IPI, GLW, GBX, TWX, TLM, IVZ, MS, TSM. If the Dow can hold solidly above 100 I'll be back for more - there is no more pleasure than throwing money down the equity well. So let's see if we can generate another tough short squeeze.

 

[Birchtree]

I think I may be done and will just ride the last hour - if it explodes then I'm in for more sweet wall flowers: CBI, SXG, MTOR, NL, MTRN, SO, BTU, GVA, STO, PXP. It's starting to smell like that stinky superlative bull manure around my place - can you all smell it. It looks like we'll rack up a third triple digit day - the bears will freak if we make it four straight.

 

[Birchtree]

I did manage to slip in three more buys before the close: INT, CLC, BHI. If we run tomorrow there will be scat all over the floors as the bearish folks empty out. I've already made 89 purchases for October - how many more will the market provide to me - this is propitious buying as we rally into 2012.