Birchtree's Account Talk

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Today could be my day of liberation when the golden gates of margin swing wide open - I'm so ready to start spending money. Keeping in mind that the stock market looks ahead 6-9 months, the revelations of the past year have already long since been discounted by the market. It seems the BOJ is on my side.
 
Birchtree said:
Today could be my day of liberation when the golden gates of margin swing wide open - 1. I'm so ready to start spending money. Keeping in mind that the stock market looks ahead 6-9 months, the revelations of the past year have already long since been discounted by the market. 2. It seems the BOJ is on my side.
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1. That statement may confuse those who watch you grab wallflowers - continuously.
2. You will definitely know tonight when Governor Haruhiko Kuroda speaks tonight at 2000 EST.
 
We are experiencing the best up move since January 2nd - we will have a +300 point day. Significant price tops (followed by declines exceeding 10%) do not coincide with NYSE A/D line new highs. Our current set of circumstances only come along once in a lifetime and I'm set in my pile of superlative bull manure and money will flow.
 
Being patient is difficult even for me - I feel like a constipated lily padder. I decided in January that I would refrain from rolling my profits to gain fresh buying power and just wait on my margin to open up. And of course while I'm patiently waiting this runnaway market is leaving me eating other bullish dust. There will come a time when I'll just have to capitulate and take some profits because my favorite wall flowers are getting more expensive. I believe we have years to run on this mega trend secular bull market so I'll eventually arrive but I want my Maypo now. Still playing in uncharted territory will be dangerous as well as exciting. Snort.
 
So it would appear that I may not get any margin access until sometime in June - not the end of the world. I do have a truck load of dividends (around 75) that will pay in June and if prices are golden then let it be. I now have 87 dividend increase announcements and two stock splits happening. May has actually been a good month even though I won't reach my initial goal of taking in +$400K - I'll still do alright. We are in a mega trend secular bull market which means I'm destined to make several million more dollars in due time. I've got many years yet to run with the herd. June of 2012 was a +$286K month - so I'll settle for the same amount next month.
 
Still sitting on my chilly block of ice waiting for margin buying power to come and rescue me. I could roll some profits but I refuse to do that this year and I have my reasons to not look that gift horse in the mouth. So I'll wait while my oceanic continues to rack gains - then I'll be free to spend myself into happiness. It won't be long. June has the possibility to be even stronger than May. If that happens, whew, I'll be collecting wall flowers galore. I did buy some GT today.
 
My oceanic account (Birchtree 300) gave up -$427K in May 2012 - it's a lot different this year - stay and play all summer long is my plan. Our mega trend secular bull market has many miles left to travel and any wall of worry is a positive vibe. Bring on some panic buying for June and really cause a ruckus. Mom and pop need to feel more anxiety to get them off center - as the train gains speed along wave 3.
 
Well thanks to the last trading day of May I did not make all I wanted for the month - perhaps June will be hotter. Here's what my oceanic did for the week: +$57K, -$48K, +$22K, -$68K for a give back of -$37K. For the month of May I took in +$163K - so I'll take all I can get. June here we come.
 
Here is a peek at how things have added up for the last five months: Jan. +$304K, Feb, +$2K, Mar. +$189K, Apr. +$7K, May. +$163K for a total gain of +$665K. I fully expect to double that gain over the next 7 months. For the new members these numbers are from my stock account separate from my TSP account. So friends let's have a summer rally to knock the socks off the fund managers that have been holding back. On a personal note, if I were Showme I'd let my TSP money ride the C fund until RMD kicks in - get all the growth a bull market can provide.
 
Birchtree said:
Well thanks to the last trading day of May I did not make all I wanted for the month - perhaps June will be hotter. Here's what my oceanic did for the week: +$57K, -$48K, +$22K, -$68K for a give back of -$37K. For the month of May I took in +$163K - so I'll take all I can get. June here we come.
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Me too! We will probably feel worse after Monday's action.:rolleyes:
 
I wouldn't be a bit surprised if we see a 100 point gain more in the last 30 minutes. Let's see where it goes. Holding the line.
 
I'm taking opportunity of weakness to purchase a couple more wall flowers: BTU, BZH. I also have a bouquet of dividends due today for reinvestment - waiting on June to explode.
 
Fed noise has got the market nervous, but it's just noise. I don't believe there is any way the Fed is ready to take their foot off the accelerator. Every time core inflation reached its current level three other times during the current recovery, in late 2010 and eraly 2011, this was a period that coincided with the Fed's launch of easrlier bond-buying programs. Lower inflation rates takes the pressure off central banks to remove policy accommodation too early. They will support markets well into 2014 in my opinion and the Dow will soar as bubble assets gain more value. No way am I going to miss this wonderful ride to higher highs. I mean, inflation fell in April to its lowest level on record. The Fed has a 2% target and we are at 1.1%.
 
Birchtree said:
Fed noise has got the market nervous, but it's just noise. I don't believe there is any way the Fed is ready to take their foot off the accelerator. Every time core inflation reached its current level three other times during the current recovery, in late 2010 and eraly 2011, this was a period that coincided with the Fed's launch of easrlier bond-buying programs. Lower inflation rates takes the pressure off central banks to remove policy accommodation too early. They will support markets well into 2014 in my opinion and the Dow will soar as bubble assets gain more value. No way am I going to miss this wonderful ride to higher highs. I mean, inflation fell in April to its lowest level on record. The Fed has a 2% target and we are at 1.1%.
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I think you're right. I'm waiting for another Fed Pres speech (Fisher on Thurs, I think) to buy in at a low point. I think at that point the jobs report on Friday will not matter much, and a new rally will start Friday, and continue the rest of the month. Just my guess.
 
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