Birchtree's Account Talk

[Birchtree]

I've been hugging my wall flowers this morning encouraging them toward realizing their beauty and buying more: GLF, HOS, LNG, BRY, AME, HD, JRCC, RES, HP, DSX, VHI, INT. It's fun walkin the rails when the Grand Trunk is in the distance - now I have to go mow my lawn to keep my wife happy. She put me on notice that if I get crushed she is not going to be my banker. So many more wall flowers need dance lessons - maybe later today I'll pay for their lessons. Snort.

 

[Dutchy]

I've been hugging my wall flowers this morning encouraging them toward realizing their beauty and buying more: GLF, HOS, LNG, BRY, AME, HD, JRCC, RES, HP, DSX, VHI, INT. It's fun walkin the rails when the Grand Trunk is in the distance - now I have to go mow my lawn to keep my wife happy. She put me on notice that if I get crushed she is not going to be my banker. So many more wall flowers need dance lessons - maybe later today I'll pay for their lessons. Snort.

Good luck with the wall flowers, Birch.. And you must keep the wife happy! Mine told me the same thing, if you lose your nest egg after getting all those fool ideas on TSPTALK, don't come crying to her.... I'll be bagging groceries at WalMart !! Hopefully, that'll never happen...

 

[WorkFE]

Lucky for you WMT has an Associate Stock Purchase Plan.

 

[Birchtree]

Pulling in my horns today until this irrationality settles out a little - it's just emotional nonsense from my perspective. Responded to a survey last night and did as much damage to Obama as I was allowed. This market has to start looking toward the future for progress.

 

[Birchtree]

Putting in a very nice kangaroo tail today - if we rocket up tomorrow I'm back in to finish my buying. Dividends are still due and now I have an in initial payout with GGC.

 

[RealMoneyIssues]

Oh PermaBull Sage with sharp tongue...

Why do you not buy stocks when they are low? I realize you don't sell, but you seem to buy during a rally even when you have money (and a list you do not deviate from) to buy them, high or low.

Thanks!

 

[Birchtree]

Remember dear friend I'm on margin and buying on a down day adds more pain to my balance and puts me closer to any call - thus I like to buy on rallies because I'm more protected from the girls in the back office. Tomorrow will be an excellent time to purchase more lovely wall flowers - got $46K to spend.

 

[amoeba]

While you pulled in your horns, I bought and booked profits already; I'm hoping for a bit more out of the durable goods report tomorrow, and if so, see ya next month.

 

[RealMoneyIssues]

Remember dear friend I'm on margin and buying on a down day adds more pain to my balance and puts me closer to any call - thus I like to buy on rallies because I'm more protected from the girls in the back office. Tomorrow will be an excellent time to purchase more lovely wall flowers - got $46K to spend.

I'm not sure I understand, would you mind explaining it to a simpleton

 

[Birchtree]

When the market is in rally mode it provides buying power as my equity increases - in a consolidation my buying power will decrease and when my equity falls below a certain level I have to either sell stocks or produce cash. At the bottom in 2008 I put up cash inorder to maintain my base - in 2011 I sold stock and took profits. Now I'd prefer not to sell anything and just keep reinvesting my dividends. My goal is still to make the $3M mark before the year ends.

 

[Sensei]

When the market is in rally mode it provides buying power as my equity increases - in a consolidation my buying power will decrease and when my equity falls below a certain level I have to either sell stocks or produce cash. At the bottom in 2008 I put up cash inorder to maintain my base - in 2011 I sold stock and took profits. Now I'd prefer not to sell anything and just keep reinvesting my dividends. My goal is still to make the $3M mark before the year ends.

So, buying on margin is kind of like taking out a home equity loan? When property values are going up, you have more equity to borrow from. When the stock market is going up, you have more margin with which to make new purchases. Is that the basic gist?

 

[Birchtree]

Bingo - only equities are more liquid than real estate. Wherever I go my Birchtree 300 will go with me as well as my TSP. I hope to spend some money today.

 

[Birchtree]

With 5000 union workers striking the Grand Trunk you'd think it would be safe to walk the rails - and I am walkin but with trepidation: BAC, LPX, BAS, CNX, NBR. Does anyone think RA would be a good buy?

 

[tsptalk]

Does anyone think RA would be a good buy?

From the technical analysis side and short-term, the chart looks real nice. It looks primed for a breakout in the near future.

 

[Birchtree]

Thanx Tom.

One More Reversal Day, Long Again | SigmaTradingOscillator | Safehaven.com

 

[Birchtree]

A few more tender nibbles for fun: KRO, GGC, STR, WMB. If we can rally I'll have a few more purchases to make.

 

[Birchtree]

Tomorrow we may rip the claws out of some bears. That'll be fun. Ed Yardeni is still bullish - thinks the price of oil coming down is bullish for the economy. That sounds good to me.

 

[Birchtree]

Now if only I could pull down $96K tomorrow I'd be a happy camper - just trying to remain positive.

SAUT: WHY THIS IS A BUYING OPPORTUNITY | PRAGMATIC CAPITALISM

 

[Handballer]

With 5000 union workers striking the Grand Trunk you'd think it would be safe to walk the rails - and I am walkin but with trepidation: BAC, LPX, BAS, CNX, NBR. Does anyone think RA would be a good buy?

What is the Grand Trunk? :suspicious:

 

[Birchtree]

The Grand Trunk is the name of the Canadian National Railway - my father in his day worked for them. His territory was from Montreal to Portland.

Doing a smidge of buying early on: KEX, DRC, SWK, TEX. I'm operating on my 30 free trades until the end of the month.