Thread: Birchtree's Account Talk

I see HNR is getting crushed this morning..

Exactly, that's why I'm averaging down on my position.

I check the thread to hear the positive news that the markets will explode north tomorrow... because i dont know WTF happened today... other than I was in the S fund and wasnt at my computer until post the deadline.

Originally Posted by maverick06

I check the thread to hear the positive news that the markets will explode north tomorrow... because i dont know WTF happened today... other than I was in the S fund and wasnt at my computer until post the deadline.

fed announcement saying they might end the stimulus earlier than expected. investors don't like that, although the fact that the fed is going to back off QE means the economy is recovering. double edged blade?

Thatll do it. does seem strange doesnt it! But at least understanadable.

Between work and 2 kids under 2, its busy, sometimes I dont get ot look at the charts until late and am quite surprised about the turn after 12, and the end of the day moves. its always interesting...

That sell off was based on nonsence but that's what a bull will do to shake off some weak hands - I'm ready to throw more money into my briar patch. Because stocks are a claim to a very long term stream of future cash flows and I'm working on building wealth. If anyone gets out on this consolidation you can be sure of one thing, and that is this bull will punish anyone that panics - that's what bulls do. Now you have to begin to prepare for a recovery scenario - it is never easy to battle feelings of inadequacy and powerlessness that can over come anyone in a consolidation - but remember we are in a bull market. It's time for me to show my greed and use this opportunity to buy some quality names that can help me grow wealth through time. So let's rock-n-roll.

Alrighty so throw dirt on me - I'm buying: AXLL, NBR, NFX, KOL, BCS. The snap back will be as quick as it went down. I'm in a good position to absorb some pain - no pain no gain.

Today would be a purrfect day to plow in with margin buying - but not so fast. My time will come. As of February excluding yesterday I'm up +$165K - that would translate to $330K in margin buying power and I can spend every dime of it on wall flowers. So here I sit on my thumbs waiting for my opportunity and I'm exercising patience grudgingly. Potential comes to those that wait - March will undoubtedly open the skies to opportunity. I really desire to leverage myself at least $2M in debt. It does take money to make money. Every downturn has its' merits - and for me who's steadily building a diversified portfolio of quality companies, and especially for pursuing dollar cost averaging strategies to include dividend reinvestments the odds favor a solid return. Sometimes you have to stand still to run faster.

I should get some come back today - just thinking about the potential of margin again. My oceanic is ahead from the beginning of this week +$431K - that translates to buying power of $862K - that's the opportunity I'm reaching for in the near future. My hope is that margin begins to open up sometime in March and then the flood gates will really open and the money will flow. The more I can spend the larger the gains that will be delivered. I see where the dollar is on a tear - that means a stronger economy and a stronger stock market. I think the I fund will be just fine so I'm holding my 80% position.No need to cut and run yet.

Birch I gotta pick mindylou's brain for a second....I'm lacking in my decision making. You buy into companies, BCS & NBR for example. Graphs show a steady long term gain. I appears to me as stable but not huge growth opportunities. Heres the alternative rut im stuck in:
My logic tells me when looking at AXLL, this one will definately go into my spreadsheet. I'm tunnel visioned. I dont know if there is a term to describe my thinking, but most of my buying is based on a chart that once read $1000 per share that sells for $15 per share. I only see the ability for the company to come back to the previous value...when their market sector, or the economy in a whole rises back to pre-bubble levels.
Please tell me kind sir....what am I doing wrong here? How do I break this mold?

Im still investing peanuts and dont invest what Im not willing to lose. Are mindylou's decisions entirely based off diversity?
Also...I understand the status quo theory of high risk at the beginning, and scaling risk back throughout time. Am I right that coincidently this is what I'm doing here? (I do however have DIS, which is my staple low risk to build on)