Birchtree's Account Talk

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Don't forget about Festivus. Airing of Grievances followed by Feats of Strength, all around the aluminum pole. Splendid
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I didn't realize the market will be closed on Monday - that's a bummer. When the first 5 days of January are up and January as a month is up then the whole year ends up 95% of the time within this stage of the presidential cycle. Now can you believe that.

"Siegel sees historic buying opportunity."

http://www.cnbc.com/id/45765999
 
What kind of week did the oceanic account have this week: -$78K, +$147K, +$34K, +$56K, +$15K for a comfortable gain of +$172K. The next four trading days could be a zoomer. The shorts may start to cover in a serious manner on Tuesday now that we have cracked SPX of 1265. The VIX at 20.43 is coming down nicely and may certainly drop into the 19 level real soon. I have many wall flowers on my current list that need to be purchased.
 
I'm buying a few holiday treats on our morning weakness: RKT, LZB, SIG, CPO, BRO, C, TIE, HVT, STD, BAM. Two more trading days on the week to catch a few moew lovely wall flowers. I predict that 2012 will take the market to new all time highs close to 17,000 on the Dow.
 
Birchtree said:
I'm buying a few holiday treats on our morning weakness: RKT, LZB, SIG, CPO, BRO, C, TIE, HVT, STD, BAM. Two more trading days on the week to catch a few moew lovely wall flowers. I predict that 2012 will take the market to new all time highs close to 17,000 on the Dow.
Click to expand...

17,000??

I'm down with that.

Chicken_dances.gif
 
Buying a few more treats for the season: MCP, ENH, FOE, BWC, SLE, ELN. The more you're in the greater the win.
 
I've still got the itch to chase Ferdinand: HUN, FE, HEI, IT, WFC, SD, ETH, VLO. So we'll see where the Birchtree 300 take me in 2012. I'm just going to keep building my base for income.
 
I thought about taking one last stroll down wall flower lane today but decided to wait until Tuesday. I've already made 173 individual purchases for December, 68 buys for November, 353 buys for October, 182 buys for September, and 325 purchases for August - so I'm set up for a nice gain in 2012. My goal is to finally lock the $3M.
 
Birchtree said:
...My goal is to finally lock the $3M.
Click to expand...

BT - I'd be interested to know how long it took you to reach, $500K, then $1M, then $2M, etc. How 'bout a little stroll down memory lane and give us the history of your investing triumphs. (And where you think you'll end up) We'll live vicariously through your success to motivate us for 2012.
 
I'm counting from the week of 3/9-3/13/09. Week #20 of 7/20-7/24 was at $552K. Week #53 of 3/8-3/12/10 was at $1014K. Week #112 of 4/25-4/29 was at $1976K, I was $24K away from the $2M mark. Week #127 of 8/1-8/5/11 was a hard week with a give back of $470K and I'm still recovering. Now at week #148 as of 12/26-12/30/11 I'm at $1114K. The next $900K might come quickley and then I'm headed for the $3M mark. I was forced to do considerable selling last August while running from margin calls - I actually gave back $1M in value in a month's time. I have since been rebuilding my oceanic base with over 1101 purchases since August 5th so the gains may come rapidly if the bull returns. In the meantime I'm reinvesting my dividend income as a DCA strategy. Now all I have to do is pay my income taxes on the gains I took which were mostly long term capital gains. So we'll see how 2012 treats the oceanic account because I never give up. The low point of my oceanic was at week #135 as of 8/26-9/30 with an equity value of $691K. So I'm already on the come back trail. It's a great adventure to see where the market will take me. I did have to utilize my sacrificial lamb chop account when the bear was after me - so that was good planning, but to dump $1M in four weeks is tough. Perhaps the opposite will happen this year and the next $1M is right around the corner. My plan is to keep on keeping on with as much wall flower buying as I can do. The account is set and ready to appreciate - Snort. My prediction is I'll be back to the $2M mark by week #167 as of 5/7-5/11/12.
 
Birchtree said:
I'm counting from the week of 3/9-3/13/09. Week #20 of 7/20-7/24 was at $552K. Week #53 of 3/8-3/12/10 was at $1014K. Week #112 of 4/25-4/29 was at $1976K, I was $24K away from the $2M mark. Week #127 of 8/1-8/5/11 was a hard week with a give back of $470K and I'm still recovering. Now at week #148 as of 12/26-12/30/11 I'm at $1114K. The next $900K might come quickley and then I'm headed for the $3M mark. I was forced to do considerable selling last August while running from margin calls - I actually gave back $1M in value in a month's time. I have since been rebuilding my oceanic base with over 1101 purchases since August 5th so the gains may come rapidly if the bull returns. In the meantime I'm reinvesting my dividend income as a DCA strategy. Now all I have to do is pay my income taxes on the gains I took which were mostly long term capital gains. So we'll see how 2012 treats the oceanic account because I never give up. The low point of my oceanic was at week #135 as of 8/26-9/30 with an equity value of $691K. So I'm already on the come back trail. It's a great adventure to see where the market will take me. I did have to utilize my sacrificial lamb account when the bear was after me - so that was good planning, but to dump $1M in four weeks is tough. Perhaps the opposite will happen this year and the next $1M is right around the corner. My plan is to keep on keeping on with as much wall flower buying as I can do. The account is set and ready to appreciate - Snort.
Click to expand...

What a ride! Would have crushed a lesser man. Here's to your continue success in 2012 - HUZZAH!
 
Birchtree said:
I'm counting from the week of 3/9-3/13/09. Week #20 of 7/20-7/24 was at $552K. Week #53 of 3/8-3/12/10 was at $1014K. Week #112 of 4/25-4/29 was at $1976K, I was $24K away from the $2M mark. Week #127 of 8/1-8/5/11 was a hard week with a give back of $470K and I'm still recovering. Now at week #148 as of 12/26-12/30/11 I'm at $1114K. The next $900K might come quickley and then I'm headed for the $3M mark. I was forced to do considerable selling last August while running from margin calls - I actually gave back $1M in value in a month's time. I have since been rebuilding my oceanic base with over 1101 purchases since August 5th so the gains may come rapidly if the bull returns. In the meantime I'm reinvesting my dividend income as a DCA strategy. Now all I have to do is pay my income taxes on the gains I took which were mostly long term capital gains. So we'll see how 2012 treats the oceanic account because I never give up. The low point of my oceanic was at week #135 as of 8/26-9/30 with an equity value of $691K. So I'm already on the come back trail. It's a great adventure to see where the market will take me. I did have to utilize my sacrificial lamb chop account when the bear was after me - so that was good planning, but to dump $1M in four weeks is tough. Perhaps the opposite will happen this year and the next $1M is right around the corner. My plan is to keep on keeping on with as much wall flower buying as I can do. The account is set and ready to appreciate - Snort. My prediction is I'll be back to the $2M mark by week #167 as of 5/7-5/11/12.
Click to expand...

wow...now, as if there was much doubt, we know why you are a perma-bull!
 
And now is the time to buy stocks when the majority have cold feet - where else can you make serious money in our current environment. I did close out the tracker at #664 with a -7.02% and that is tolerable in my world. So we move on to the next chapter in a long novel. "The correlation between stocks and the euro has been strong in recent months. In the current environment when the euro strengthens, stocks tend to come along for the ride."
 
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I see where Merrill Edge is advertising on the MB - they are my online account holders. Starting Tuesday I'll have 30 free trades to burn and 62 dividends to be reinvested during January - so life is good. My usual fee once I burn the 30 free trades is $4.95 per trade - no matter the amount. At some point in the future I plan to shut off the dividend reinvestments and just build cash - but not yet. Let the good times roll.
 
The eventual cash build up will initially serve to be available to help meet any future margin calls and will help make a mortgage payment on my desired lake place in a cooler area. I don't plan to really sell my wall flowers any time soon so the cash will be available for my wife to spend in her old age. There will be occasions when I'll take a capital gain if I have a wall flower that has blossomed into a rose. I'm mostly interested in acquiring income to be passed onto my heirs. My margin interest is tax deductable and helps offset my dividend tax basis - at some point I'll use some cash to pay down the margin balance or use capital gains. I have no ceiling on the margin balance so I have no idea of my limitations to acquire debt. My cost is 2.75% and when you buy a stock that yields 4% - well it's free money. You just have to be capable to assume the inherent risk, which I've done. I've already made 1100 individual stock purchases since August'11 and would like to continue to make as many wall flower purchases as money will permit - the more the better. I suspect many companies will be increasing their dividend payouts in 2012 and beyond. There ain't nothing better than a comfortable revenue stream - especially to a banker.
 
I think I'll take my 2% gain on the day and get out - nah, only kidding. That's not my style. I will be chasing the bull the entire week though.
 
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