Hello iBankCoiners!

I’ve been very busy in the 7th level of hell, aka one of your trusted investment banks, ripping in and out of IPOs. It has been a banner year for The Devil, thanks to the explosion of deals that came to market in 2014. Since I am not one for idle chi-chat, let’s get down to brass tacks.

Oil: long APA, EMES, MUR, GPOR in that order. Okay?

I like the RSX for a rebound, with crude and sentiment bound to turn.

China: I like NOAH, QIHU, YOKU and KNDI.

Tech will be strong, okay? Must own names are ANET, ZEN, QLYS and SWI.

Finnies:MUST OWN BAC, maybe some C. Banks will be huge in 2015. Trust me. The Devil doesn’t lie.

I think 2015 will be surprisingly strong, as investors come off the sidelines– post Fed ponzi scheme– to an economy that is really growing (perhaps they are brilliant). I never believed in this tape and have been short for much of 2014. Even though the indices are at new highs, lots of high beta names have come in. This is the environment I like to be long, as sectors rotate and volatility sets up big trading moves, like oil and Russia.

No one wants to believe that the economy and the market can thrive without the Fed. We will find out soon, in 2015, and I think the surprise will be to the upside.

Merry Christmas,

Yours truly and eternally,

The Devil

I told you to fade the tape. I’m still big on CLIR and UNXL, hedged with a boat load of IWM puts. I will likely sell them tomorrow.

Terrible close. The Devil is King.

I threw threw the IWM puts back on the hot stove, right here @ $98.71.

My top long idea is UNXL.

I covered my IWM shorts and allocated a little more into CLIR.

This has the looks of a runaway train. I will revisit shorts at higher levels.

I sold short the IWM, though stock and puts. I also bought some DANG @ $7.45 and more UNXL @ $14.45.

This is what is going to happen: my longs are going up and the market is going down.

That is all.

I am bullish on the tape. I ditched hedges and will look to add to names next week. I like a lot of names, like IMMR, USG, LITB, CPSS etc.

But here are my favorites:

CLIR, CNDO, IOC, UNXL

As far as I’m concerned, nothing has changed. UNXL is still a great buy. I love CPSS and AGNC. I think the market reverses today and goes higher.

That’s my call.

I am a buyer of CPSS. I know it’s thinly traded and no one is looking at the name yet. But they’re killing it and soon you will see.

Fly gave me a hard time over this stock; but I am now selling it at a nice profit.

I sold CERE north of $3.50.

I still like the market long here, especially UNXL, IOC and AGNC.

I sold short IWM here @$96.10, as a hedge against longs.

I bought UNXL under $14.70 and IOC under $70.