Birchtree's Account Talk

Yesterday the VIX had an intraday low of 11.69 - I'd like to see that again today. If we can rally some more I'll be stepping into the breach and buying more sweet, gentle wall flowers.
 
Here is what I'm buying today: JCI, GMT, GPC, SMP, GBX.

"According to data provider Lipper, investors put $5.6 billion into U.S. stock mutual funds in the week ended Wednesday. The move puts total inflows for 2013 on track to exceed $60 billion, which would be the first yearly gain since 2005. The surprise is that people are only dipping their toes into a market that's up so much from its low. Steep losses suffered during the financial crisis still weigh heavily on investment decisions by many mom and pop investors." Frankly, the longer they take to get in the higher my boat will float.
 
I'm now only $55K away from tapping the +$1.5M brass ring - I have three remaining trading days to achieve that goal. In January 2013 my oceanic account took in +$304K - sure wouldn't mind doing that in 2014. That would give me some very nice buying power to start the year on the right note. Snort/
 
I'm now only $55K away from tapping the +$1.5M brass ring - I have three remaining trading days to achieve that goal. In January 2013 my oceanic account took in +$304K - sure wouldn't mind doing that in 2014. That would give me some very nice buying power to start the year on the right note. Snort/
I'm now ready for adoption big daddy.:D
 
My oceanic account was still bringing in the Kwanzaa cheer: +$62K, +$49K, +$20K, +$24K for a seasons gain of +$155K. Two more days remaining and I have buying power for Monday. The bull has been rather magnanimous this year and that's because I believe in this country - and yes it is a country for old men. Snort.
 
A few more purchases and now I can rest and watch the bulls ramp: CLF, KOL, IPI, LPX, HUN, DSX. I should have more buying power for Thursday. It does cost money to stay in this game - but the more I make the more I can make.

Coal stocks had a nice run today.... I've been DCAing into CLF, BTU, ANR and WLT over the past couple of months. Last year's dogs could be next years winners... See link below.

Who’ll Win the 2014 Mid-Term Elections? Coal Stocks - Stocks To Watch - Barrons.com
 
All I have to do now is hold the line - and that may or may not be possible. Anyway I'll be collecting sweet wall flowers on Monday. They are only going to get more expensive.
 
I just wish I could see a shock and awe come Monday - sending the Dow up 200 or 300 points to establish a gap up that never gets refilled - that would set the tone going into 2014. Get in now or forever hold your peace. The wall of worry will be we just have to have a 10% correction - maybe we will or not. I'm going to keep accumulating splendid wall flowers until I drop or the sweet thing in the back office says you have hit your limit old man - then I can start to take some capital gains and keep on buying with that money. I have a goal of making +$2M in 2014 and if the Dow runs to 24,000 I may make more than that. Am I a dreamer, of course, am I greedy, of course, will I succeed, of course.
 
"Another streak for bulls. The S&P 500 has gone 27 months without a downturn of 10 percent or more. That compares with an average streak of 18 months between such declines, according to S&P Capital IQ. Investors who sat out the rally in stocks are now left with a quandary. Do they buy now, with stocks more expensive, or do they stay on the sidelines and risk being left further behind?" I think now that individual investors will push the parabolic rise into a further melt-up - that's fine with me. Every gain I make adds to my buying power. So bring on heavy volume and a VIX under 11 - the time is so right. I want to see a buying panic the opposite of the sell panic of 12/'08 - and an SPX gain of 70 points in one day. You have to know it's out there just waiting. If you don't know who you are, this is an expensive place to find out.
 
A quiet open this morning allows me to scoop up a few more even lots: SO, AEP, B. Waiting on perhaps a few more dividend increase announcements to finish the year.
 
Looking back to the first quarterg of 2013 my oceanic account took in a gain of +$495K - if I could be fortunate enough to do that again I'd be in fat city regarding buy power. And I would spend every dime of it going forward. I believe it's time to fully leverage up and at the same time give my sacrificial lamb chop account some attention just in case the bear wants to rip my sticky pants to shreads.
 
"One of the biggest mistakes investors make when it comes to trying to time market turns is in thinking that there will be a clear catalyst or sign ahead of time that tells them when the market is about to turn. The truth is that there almost never is."

Catalyst For A Market Crash? - Business Insider
One of the hardest lessons to learn is you can’t time the market, another hard lesson wanting to sell when the market crashes.
 
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