Birchtree's Account Talk

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Birchtree said:
I caught a nice upgrade on my auto-parts stocks today - the rally is encouraging me to DCA into the group. So many wall flowers to rescue.
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Hey Birch,

I just started to revamp my IRA and I was just curious what wall flowers do you particular like right now and the reason why? If you don't mind sharing. Thanks.
 
What a way to start the day. I retrieved one of my morning papers and there it was a headline: Obama: 4 more years to 'restore the dream'. Talk about an instantaneous sensation of diarrhea - I almost didn't make it back to the house. Hope for Change.
 
It's just another down Monday - what else is new. I now have 86 dividend increase announcements so far this year. That makes for some good income increases. All I have to do is hold my base intact. I believe I have three dividends due today - dividend reinvestments keep me buying even during dull markets - the benefits of dollar cost averaging. Waiting on QE3. I know it's just around the next corner and worth the wait. Snort.
 
Birchtree said:
It's just another down Monday - what else is new. I now have 86 dividend increase announcements so far this year. That makes for some good income increases. All I have to do is hold my base intact. I believe I have three dividends due today - dividend reinvestments keep me buying even during dull markets - the benefits of dollar cost averaging. Waiting on QE3. I know it's just around the next corner and worth the wait. Snort.
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86 dividend increases is incredible! I don't think people understand how powerful that is. I wanna be like you when I grow up. Hahahaha! :laugh:
 
Kaminsky was pretty emphatic.
He's also sticking with his prediction that no one will buy EuroBonds if they go that route.
As to QE3 for the Mr. BirchTree :) CNBC was reporting at 5-ish that the Fed had signaled more stimulus was coming next week or early August. QE2 did not have the effect on the market that QE1 did. David Tepper was right about QE1 but then he went to build new over a tear down in the Hamptons.
 
I'm doing some wall flower shopping today building my sacrificial lamb chop account: LPX, S, CLF, JCI, TRW, CE, BTU. If the market doesn't tear me a new one I've got more buying to do. I picked up another two dividend increase announcements this morning (CR and WPZ) that makes 88 so far this year.
 
Birchtree said:
The 1375 SPX level is resistance from the 2011 highs - if that goes then 1395 would be next. Keep your eyes on that tricky VIX - when it goes into the 14 level will be the time to get nervous. I think the bears are ready to retreat as the market looks forward to new leadership in Washington.
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1,375 sure held, didn't it? The question is whether 1,330 will....look on the bright side, we're both over 1% up for the year if prices hold (1 pm, 7/25/12).
 
A lot of doubt on this rally being real - just what a contrarian likes. The tape feels real good and I wouldn't be surprised if the Dow takes out 13,000 before the close. So many traders are on the wrong side of this rally trade - I'm staying positive for new leadership in the White House.
 
Birchtree said:
I'm doing some wall flower shopping today building my sacrificial lamb chop account: LPX, S, CLF, JCI, TRW, CE, BTU. If the market doesn't tear me a new one I've got more buying to do. I picked up another two dividend increase announcements this morning (CR and WPZ) that makes 88 so far this year.
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Birtch,

Why are you still linking BTU? I don't see coal stocks recovering for a couple years.
 
I prefer always to shop in an industry that stinks and coal is real stinky. There is still tremendous opportunity in coal from an export point of view and now is the time to accumulate. I believe President Romney will push back on the EPA to save jobs and encourage clean coal technology - a lot sounder than Solyendra panels. I have the resources to wait out all the negativity and participate in accumulating golden prices - as a matter of fact I bought some KOL yesterday - this is a coal ETF.

Coal: The Ignored Juggernaut The Most Likely Fuel for a World in Decline | Gregor Macdonald | FINANCIAL SENSE
 
I'm sure glad I started buying my housing stocks on their lows - now the profits are growing. But when I bought mine everyone was heading in the opposite direction - dollar cost averaged into the bottom of many and now I'll continue to dollar cost average into the potential highs which could be years away.

"When Mr. Obama warns on the campaign trail against "the same failed ideas that got us into this mess," reporters might gently remind him of his role in helping create the mess by opposing regulation of Fannie and Freddie, then showing little inclination to fix the problem, and now seeming blind to how he's creating another financial debacle with FHA."
 
Let's see what may happen in the last hour today. Will my hoofhearted friends step up in this stampede and rip a few bears into the close - I'd like a 13,000 close if possible.
 
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