Birchtree's Account Talk

[cak165]

Treading into the market in a gentle manner just in case I get trapped: DHI, KOP, BHI, MS, BAC, PII, CSX, BIP, CBI. I have much more to do - be in to win.

Hey BT, it would be interesting to hear your take on why you like some (I don't think we can keep up with all your holdings!) of these individual stocks? MS and BAC, for example, may not have a lot of room to run here with all the uncertainty and their exposure to EU debt.

 

[rikarus]

i am curious on bac as well, i could see going with them last week @5.23

 

[Birchtree]

I try and buy stinky stocks with a three year minimum holding period if possible. My lowest buy in point on BAC is $5.55 and it's $14.16 for MS. I believe the confirmed breakout above the intermediate term declining tops line on the NYAD remains in force. I'm trying to do a lot of buying ahead of the golden cross that's coming. We could very easily take out the SPX 200 EMA today and that will bring in more money for equities. My last three purchases today so far: GMT, BRY, BTE. I'm so ready to pile in big time - give me SPX above 1228 and there'll be no looking back. Snort.

 

[rikarus]

nice! i am still riding the sprint stocks, bought 1k more today, their earnings report is tomorrow and early rumors are sounding positive. and grabbed some ford for a quick gain.

 

[Birchtree]

http://www.marketwatch.com/story/the-stock-market-is-at-a-crucial-juncture-2011-10-19

 

[Dutchy]

http://www.marketwatch.com/story/the-stock-market-is-at-a-crucial-juncture-2011-10-19


Good article Birch....... We have to break out of this SPX trading range of 1150 to 1235 with volume to find our direction..

 

[Mcqlives]

http://www.marketwatch.com/story/the-stock-market-is-at-a-crucial-juncture-2011-10-19

Refreshing to see someone citing facts instead of giving their opinion of market direction. Thanks for posting it!...and by the way, my "insane" comment yesterday on Bquats thread was meant as a compliment...in "sort of a mad genius at work" way.

 

[Birchtree]

http://www.safehaven.com/article/22996/bull-and-bear-market-relationships

 

[Dutchy]

http://www.safehaven.com/article/22996/bull-and-bear-market-relationships

The last paragraph is very telling and scary.... Wait until Zero Hedge.com gets wind of it. ( inside joke) Be forwarned! It also agrees with Uptrend's recent analysis and graphs. Thanks for posting Birch..

 

[Birchtree]

I've been patiently waiting for another kangaroo tail to be placed before doing any serious buying - but I did make a few nibbles: ALB, LNN, NFX. If the R2K goes positive I'm a buyer again. Lots of goodies on my list.

 

[Birchtree]

The R2K did decide to propitiate and I bought: KEY, MDS, F, NX, BWC, ETH, GLF, BWS, BXS. Now Perry is proposing a tax free dividend and capital gains program - that would be right up my alley.

 

[Tsunami]

BT you gotta love this one: http://www.financialsense.com/contributors/ryan-puplava/2011/10/20/appointment-with-dr-copper

I spent this evening looking at chart after chart of my favorite gold and silver miners, and gold and silver itself, then other commodity stocks, uranium, even rare earths like Molycorp which looks like a steal to me right now...and I noticed the same pattern in every one, they each need just one more small drop over the next week or so to complete a corrective pattern then they're ready to blast off....then I read the above article....hmmm...everyone is set for the plunge into the 2012 abyss, but could it be we're about to blast off to the upside? I'm not ruling it out since it would fool so many people....now I see that the sentiment survey is leaning heavily bearish for next week, which is bullish....hmmm.

 

[Birchtree]

An excellent article - I've been building a position in MCP so I can participate in any rebound.

 

[Birchtree]

It's time for the permabull to step up to the rhetoric: TEN, MOS, GBX, CVO, KMT, TKR, PVA, STR, GT, GXP. If we can hold soundly above SPX of 1230 I'll spill a few more dollars.

 

[Bquat]

It's time for the permabull to step up to the rhetoric: TEN, MOS, GBX, CVO, KMT, TKR, PVA, STR, GT, GXP. If we can hold soundly above SPX of 1230 I'll spill a few more dollars.

Don't spill yet. I have a hole in the bucket and can't water these flowers.

 

[bmneveu]

If we close above 1230, look out above!

 

[Birchtree]

I ate some fine volatility for luch and now I'm running in front of the Grand Trunk: PNC, BBT, PCX, EXP, EXH, FGP, FNF, FFG. Take the VIX below 32 and I'm in for more goodies. I'm not going to worry about Monday - there is now more risk being out than being in the market.

 

[Birchtree]

Alrighty, holding 1233 and I'm buying: WMB, STO, HOS, HVT, KFT, TIE. The nice thing about margin is that you never run out of buying power in a bull run. But make no mistake margin can be dangerous when the market backs up - you just have to be prepared to make a give back.

 

[WorkFE]

I'll take anything S&P +15 today. Would like to see the VIX under 30 though.

 

[Birchtree]

If Monday is explosive the VIX will drop below the 29 level - I can't wait to buy more sweet wall flowers. "Better earnings and record profits in some recent quarters have helped fill the coffers of nonfinancial companies to the tune of $2.05 trillion in cash and other liquid assets as of the end of June, the most since 1963." Once Obummer is boned out the money will flow and jobs will be created.