Thread: Birchtree's Account Talk

Originally Posted by Birchtree

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...

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.

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

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

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.

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.

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

Originally Posted by 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.

This ain't pain. It's just a pebble in your shoe, on your road to riches.

Thank you everyone for your comments and advice. I'll hold on then for the wild ride.

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