Birchtree's Account Talk

[Bquat]

2,000, CONGRATULATIONS Bquat, that's a LOT of Postin'. View attachment 19096

Thanks

 

[OBGibby]

Where are you, Birch?

 

[Birchtree]

I took the day off yesterday to do some yard work. I pushed some cash into my oceanic account to meet a margin call rather than selling equity for now. Any bounce today will more than likely clear my account - but I still have more cash to throw down the rabbit hole if necessary. The cash all comes back to me once the account clears and I need all my wall flowers working for me during difficult, emotional times. The NYSE overbought/oversold index that Tom shows could be in a divergence and that may be an important signal for a bottom.

The HNNSI index is at -47.1% - nicely oversold.

Correction close to being over - Mark Hulbert - MarketWatch

 

[MrJohnRoss]

Hey Birch,

Working on building a portfolio of dividend growing stocks in our Roth IRA's. The goal is to put cash in every month, and buy something on my list that is a good buy. This month, I've whittled it down to three stocks that have been hammered with this recent down turn. (I may not purchase right now, but looking for a good entry point once this market stabilizes.)

Of these three stocks, which one would you purchase, and why?

MCD (down 13.5% from it's high)
PG (down 9.2% from it's high)
PM (down 9.9% from it's high)

Thanks for your input...

John

 

[Birchtree]

If I had to, I'd lean toward PG as a consumer cyclical. Dollar cost averaging is the way to go.

 

[MrJohnRoss]

Thanks BT. I'm planning to DCA every month.

 

[Birchtree]

I've been busy buying some crushed wall flowers: TPC, CLF, VHI, LNG, DRC, NFX, SDRL, ABB, APL. Tomorrow may present another golden opportunity to do more buying. The market consolidation took $471K out of my oceanic via devaluation - now it's time to get some of that back during June. Thank goodness for Scott Walker. Obama's chances for re-election have dimmed, and he has no one to blame but Birchtree types and himself.

 

[Birchtree]

I would not be surprised to see the SPX pop above the 200 EMA at 1313.42. I have extra cash to spend but am cooling my rocket jets until Bernanke speaks tomorrow. The problem is it's so darn easy to buy trampled wall flowers especially in an ongoing bull market - so I'll wait another day. Snort.

 

[Handballer]

I've been busy buying some crushed wall flowers: TPC, CLF, VHI, LNG, DRC, NFX, SDRL, ABB, APL. Tomorrow may present another golden opportunity to do more buying. The market consolidation took $471K out of my oceanic via devaluation - now it's time to get some of that back during June. Thank
goodness for Scott Walker. Obama's chances for re-election have dimmed, and he has no one to blame but Birchtree types and himself.

Now you say you were pulling for Scott Walker. What a surprise!

not

 

[Birchtree]

"By this measure, stocks are cheaper relative to Treasuries than at the end of any quarter in almost 60 years."

Five reasons to buy stocks now - Robert Powell's Your Portfolio - MarketWatch

 

[Birchtree]

Chasing Ferdinand and searching for some happiness while buying: MS, C, T, KOL, TEN, GDXJ, HD, ANR, BCS, APU. If Bernanke provides any hint of QE3 I'm going to buy even more.

 

[Birchtree]

Still doing some nibbling: PHM, MCP, LPX, BAM, AME, POL. FWIW here's a look into my DCA process with PHM. 500/$4.63, 500/$4.36, 500/$3.77, 500/$9.15 - and I hope to keep buying more shares as they gain in price.

 

[jkenjohnson]

Do u own any KKD?

 

[Birchtree]

Don't own any KKD but I do like their product. Here are my last few nibbles for today unless we achieve orbit: LTD, AOS, AE, BBG. Saving some buying power for tomorrow - I like chasing Ferdinand around the arena.

 

[Birchtree]

I'm pacing the rails waiting for an opportunity to do some purchases - I just like to own stuff. Perhaps I'm a hoarder of equities. I'm over weighted in the I fund and have no fear of a stronger dollar - now who can figure that out. I'm reminded that there is one thing that never changes in the investment world. When you buy solid companies and reinvest the dividends you can build ture wealth. The last time the euro was so low, and euro fears were so popular, the euro soon surged in a couple massive uplegs that coincided with a major upleg in the US stock markets. During all of the previous post-panic euro uplegs, the SPX rallied sharply to achieve major new cyclical bull high each time. Nah, can that happen again - you bet. Snort.

 

[Birchtree]

I've only made two purchases today: TITN, ANN, and that just does not satify my hunger for more wall flowers. I need a nice pop in the R2K and then I'd be golden to rush headlong into the briar patch. Ferdinand please show me some strength today.

 

[Birchtree]

Thankyou Ferdinand, you are one very sweet smelling bull - buying: GLF, OLN, HAL, KEX, CBG. If we can hold the launch and there are signs of the afterburners kicking in - I'm buying more for fun.

 

[Birchtree]

I thought I felt the afterburners kick in so I jumped into the market and bought: AE, NX, RKT, CTL, RF. Now I'm waiting on stage two to kick and then I'm going to buy even more delicious wall flowers - and I'm going to allow Ferdinand to sleep in my garage tonight so I can collect a bunch of that superlative bull manure for my vegetables.

 

[Birchtree]

Here are my last three nibbles for the day: CBI, BHI, BBT, - now I'll wait until Monday for another blast higher.

 

[Birchtree]

The oceanic account finally had a good week, take a look: -$26K, +$41K, +$102K, -$12K, +$28K for a sweet gain of +$133K. Now if I can just do that for the next three weeks I'll be whole. I still have more goody wall flowers on my buy list - Mindylou does such a nice job with her selections. June may completely offset the pain of May and then there is July and August - I'm staying long for the summer.