Birchtree's Account Talk

[Birchtree]

I dunno boys and girls but I feel like I'm stuck back in 1995 where there was no consolidation greater than 5% - it was essentially straight up.

 

[Dutchy]

From now until November every time dark and handsome Barry shows his ignominious self he's going on mute. That's the best I can do for my sanity.

Only on mute? Heck, I turn the channel (even if it's Fox News)..

 

[Birchtree]

On Tuesday when the Dow gave up -213 my oceanic gave up -$106K - I may get that all back today with the current rally. Never let them see you cut and run. If the Dow opens up tomorrow with a 200 or 300 point gain, you cannot capture that gain with cash on a gap up. Best to just not have myopic loss aversion and ride the risk. Scary conditions are a contrarian's dream, an ideal time to snatch up bargains. Snort.

 

[Birchtree]

I only need 70 more points to put in the score - I think it will happen on the way to a Dow +240.

 

[Birchtree]

Gosh it was another bumpy week for the oceanic account - here is what happened: -$60K, -$106K, +$60K, +$101K, -$73K for a lumpy loss of -$78K. One simply has to remain tolerant of the foolish bears that are in the market. Let them sell everything they own and pay those taxes - I sent my money to the IRS today.

 

[Birchtree]

Anybody old enough to enjoy "Magic City" and the classic 1959 cars - I can remember many of them.

 

[PessOptimist]

Anybody old enough to enjoy "Magic City" and the classic 1959 cars - I can remember many of them.

Can't afford any of them preemeeyum channels so haven't seen it. The trailer shows a 57 El Dorado.

Most of the 59s in my neighborhood were Fords and Chevys, those mostly Customs and Biscaynes. Seems anything else by GM or Chrysler was too expensive. Some of the Canucks liked the Merc though.

Of all of the 59s, I liked the Ford for it's lack of...fininess?

Love shows that show those old cars. Problem is they are all top of the line models. Not reality but who saves a stripper with only radio and heater options?

 

[Birchtree]

I think my whisper number for April will be $0 - I'm already in the hole by -$146K. I'm sitting at #205 on the tracker with +7.08%, considering I started at -7.20% a 14% gain is respectable - however I did peak at +12.86%. So I'm on the comeback trail and will hold my positions. I now have 55 dividend increase announcements and OKE will do a 2/1 split in June - profits are being shared.

 

[MrJohnRoss]

I have doubts that you'll hit your whisper number, Birch. Hold your dividend payers, but consider dumping some of your high flyers. Looks like a storm is brewing.

Good luck!

 

[jkenjohnson]

PEIX is down to $.86/share. Anybody buying?

 

[Birchtree]

No PEIX for me - I'm sticking with LNG.

 

[jpcavin]

PEIX is down to $.86/share. Anybody buying?

I had a limit order at .85 that went through. I forgot all about it. It trades in the NASDAQ. Doesn't it have to remain above $1?

 

[jpcavin]

No PEIX for me - I'm sticking with LNG.

Any suggestions on cheap stocks? I hear Ford is a good buy right now. What say you?

 

[RealMoneyIssues]

PEIX is down to $.86/share. Anybody buying?

not with the overall market making lower lows and lower highs...

 

[jkenjohnson]

Any suggestions on cheap stocks? I hear Ford is a good buy right now. What say you?

Ford has a current P/E of 2.5 and forward P/E of 6.7. Looks cheap to me.

 

[Birchtree]

I currently own 700 shares of F - purchased at these prices: 200/$10.89, 100/$10.88, 200/$11.17. 200/$11.68. I plan to add to my position over time now that they are going to revamp their popular Mustang into a modern marvel. I'll most likely chase up to $30 during the next two years.

 

[Birchtree]

Sitting here waiting on a return of the SPX to 1440.50 which is the level representing the May 2008 high - then we'll know the truth of this bull. LNG is hot today.

 

[Boghie]

Got some F too!!!

Bought it dirt cheap. The only individual stock I own. I haven't really followed it, but my Schwab download into Quicken gave me a nice dividend surprise. Don't think I can live on it during retirement, but a nice surprise none the less.

By the way, investors are probably discounting a second Obummer term. Looking right past the guy. Summer will probably be lousy as investors get spooked by media gamed polls, but Fall will be juicy. All in all it probably is about time to be in a conservative allocation. But not in a second Social Security check allocation of 100% G Fund. Who knows, why guess with all your chips!!!

 

[Birchtree]

Success in investing comes from being able to see not what is in front of you but what is lurking just around the corner. So many of our members haven't trained themselves to set aside fear - the bull doesn't want to carry them anyway. I define this fear as myopic loss aversion - let the capital ride and the bull will treat you right. Remember that when all the experts and forecasts agree - something else is going to happen - it always does.

 

[Scout333]

Got some F too!!!
Bought it dirt cheap. The only individual stock I own. I haven't really followed it, but my Schwab download into Quicken gave me a nice dividend surprise. Don't think I can live on it during retirement, but a nice surprise none the less.

Bought several thousand shares for my Mom's account. Dividend works out to 1.6% or so which is more than the 1.1% money market. Potential for growth is very strong IMHO! She is retired and I rarely bite on individual stocks but this is too good to pass up! The quality of the vehicles is excellent and they have spent a ton on R&D so future appears bright. My only problem with them is the cost of the vehicles is borderline out of the average working man's reach i.e. $ 40,000 + for the new Expeditions. Ouch!