Birchtree's Account Talk

[Birchtree]

I'm buying some wall flowers this morning: MTW, GBX, SDRL. It's a great time to be invested - let the income stream flow.

 

[burrocrat]

how far are you from a margin call?

 

[Birchtree]

I can pee (micturate) a little over $800K more away before the back office girls call - the sacrificial lamb chop acccount is on call and ready to take the dive if necessary. I don't think I'll get to that point but I don't plan on doing any selling - letting my dividends do the heavy lifting.

 

[Birchtree]

In this game you sometimes have to have more guts than brains and my gut says buy: GMT, TKR, TEX, GT, TEN. So I'm buying against my brains in preparation for the future. Let's see what happens.

 

[Whipsaw]

Let's see what happens.

I said that on Oct 30, hasn't gone so well to date! Holding fast, bought more today in S...

 

[Birchtree]

I would have to say that it was a wicked RMI week for my oceanic account: -$14K, -$126K, +$70K, -$208K, -$102K for a give back of -$380K. The only thing positive I can say is if you don't have it you don't have it to give away. I know this money will return at some point and until then I'll drill down and keep buying more pain just like I've always done. These moments in time always pass sooner or later and we'll be heading for new highs once again. Until then it's golden prices all the way down.

 

[weatherweenie]

I'm buying some wall flowers this morning: MTW, GBX, SDRL. It's a great time to be invested - let the income stream flow.

Any concern over SDRL possibly cutting their dividend?

 

[Birchtree]

There has been some discussion regarding reducing the dividend - I'll just wait and see what happens.

 

[Birchtree]

Heck, in only 6 weeks my oceanic is out -$1M - that ain't so bad for a correction. Now comes the rebound and then possibly a retest of the 200 SMA. We all know that emotion will move markets - but ebola isn't it. We're waiting on Draghi to get off the toilet. I'll be buying some energy positions today - also my ATLS (Atlas Energy) is being bought out - there goes another wall flower. "The latest selloff came six years to the day after the Dow posted its biggest one-day point gain ever, advancing 936.42 points, or 11.1%, following moves by governments to shore up the global financial system. That rally ended an eight-day slide of almost 2,400 points and the worst full-week performance in its 112-year history."

 

[Birchtree]

So I'm buying: GBX, AA, HAL, LNG, TRN, CBI, MTW and feeling for the bottom in the dark. I now have 128 dividend increase announcements as well as three buy outs going on with TRW, DRC, ATLS and CP sniffing around my CSX. This correction feels just like a correction is supposed to feel - so if you can't endure the pain you should stay away. The V bounce could end up a tremendous move with everyone waiting for a retest that may never come. Until then I have no fear or I'm just stupid.

 

[markmars]

No your not stupid!:laugh:
Stock is on sale right now! Buy! Buy! Buy!

So I'm buying: GBX, AA, HAL, LNG, TRN, CBI, MTW and feeling for the bottom in the dark. I now have 128 dividend increase announcements as well as three buy outs going on with TRW, DRC, ATLS and CP sniffing around my CSX. This correction feels just like a correction is supposed to feel - so if you can't endure the pain you should stay away. The V bounce could end up a tremendous move with everyone waiting for a retest that may never come. Until then I have no fear or I'm just stupid.

 

[Birchtree]

Let's celebrate - it's capitulation day.

 

[Whipsaw]

Let's celebrate - it's capitulation day.

Does that put us closer to a bottom? From -2% out of the gate to -.8%, lets hope it keeps going north and east...

 

[JamesE]

Let's celebrate - it's capitulation day.

Stocks will return to their winning ways soon, these washouts are necessary for the overall health of the market imo. Stocks are the only game in town and everyone knows it. Greed shall make a triumphant comeback and I believe the market will rise to close out the year. There is a lot of air under that S&P chart though...

 

[Birchtree]

Mindylou says don't panic boss, this is all emotion and a beautiful buying opportunity. I'm holding tight with a new low of -431.

 

[secret squirrel]

Birchtree,

I have been letting my money ride completely in the C fund. Should I continue to let it ride this way? Thank you for your guidance. Secret Squirrel

 

[amoeba]

If I may go out on an extreme limb here: I predict birch will say hold.

 

[JTH]

Despite attempts to put in rallies over the last few days, SPY has been persistently weak in the afternoon. It has not managed to hold gains and has closed in the bottom 25% of its daily range for the last 4 days in a row. That may not sound all that extreme, but it is pretty rare. Below is a look at how the market has performed following past occurrences. It looks back to the inception of SPY in 1993.

 

[Birchtree]

Sh*t, I actually made +$30K yesterday thanks to my small caps. I would hold any positions. This is a test for how much pain I can endure during retirement. I have 5 dividends due today and I'm drilling down into the oil service sector buying some Baker Hughes (BHI). I'm going to let the day ride while I go and mow my lawn.

 

[Birchtree]

I've been waiting for my stomach to get tight and here it is - not with fear but with the greed of excitement.