iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,471 Blog Posts

When in Doubt, Bet Against California

California is a disgusting state, filled with degenerate sickos, who drive around in small electric cars. The state is full of waste, both monetary and organic. As you well know, California is the epicenter and the epitome of what is wrong with America today.

So, without further haste, I will list a few names, always worth betting against or shorting, for your pleasure.

Sorted by lowest hybrid score and state (min. price $10), via The PPT
:

PacWest Bancorp [[PACW]] , Verisign, Inc. [[VRSN]] , BioMarin Pharmaceutical Inc. [[BMRN]] , Redwood Trust, Inc. [[RWT]] , Calpine Corporation [[CPN]] , 3PAR Inc. [[PAR]] , AMB Property Corporation [[AMB]] , The Ryland Group, Inc. [[RYL]] and ArcSight Inc. [[ARST]] .

Naturally, now that I am highlighting some horrid California stocks, the market will soon explode, like a volcano, to the upside. Nonetheless, it’s a good list to keep handy, just in case you get lost in the market jungle, without a compass or piker pass to The PPT.

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58 comments

  1. Dubz

    Where the fuck is Devil Dog? He should be around unless the last rally got to him and he finally bought some sturdy rope.

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  2. Fly Leech

    Fly,

    I live in Calif. (4th Gen.) You, sir, are absolutely right.

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  3. financialsteve

    fuck sarbox, Silicon Valley is all that those west coast fuckers had…now, no liquidity and everyone’s fucked.

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  4. dirtydawg

    Well, I think I was mentioning it last time. Better bets on Bears to completely annihilate the bulls this week and next one.
    Looks like a breach of the neckline will happen faster than anticipated by many analysts, so it means we can go really fast to the downside just like in a roller coaster.

    sometimes you are the bug, some other times the windshield. What are you today ?

    DD

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  5. The Fly

    like clockwork, the market gapped higher, after this post.

    It’s funny, since it’s NOT A GAME ANYMORE, if you know what I mean.

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  6. TraderCaddy

    … and Danny lives there. He has to feel insulted.
    But can’t think about that right now as another Oscar Meyer has died.
    I am going to get out my wiener whistle and play taps.

    http://news.yahoo.com/s/ap/20090708/ap_on_bi_ge/us_obit_oscar_mayer

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  7. j

    Bubz

    The Dog may make an appearance, however the fuck has a lot of “splianing” to do with staggered buys of FAZ at 18 16 14 12 9 6, which by my reckoning gives the fucker an average of around 12 to 13 bucks on this horrendous position and hugely bad call.

    The Dog is a piker (obviously) but also he loses even when he looks like winning… a sort of reverse Fly in a sense.

    Anyways he’ll certain to show up either just before or when the S&P hits his ultimate objective of 150.

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  8. Danny

    All statements made in this post against CA are false. CA’s woes are the fault of other, crappier states, and their legislation.

    Actually, most of CA sucks, but San Diego is the number one city in the world, this is a known and oft repeated fact.

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    • j

      Bullshit, it’s a richest fucking state in the union and they can’t even close the deficit of $20 billion handing out IOU’s. It’s actually fucking worse than mexico. In fact Mexico ought made part of the union and the gay state thrown out.

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      • DSB

        Fuck off. We have transgender kindergarten bathrooms to install, and tens of thousands of new schoolbooks to print so that we can teach our kids how to collectively circle-jerk off to the accompishments of Pelosi, Boxer, and the ACLU.

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        • TraderCaddy

          And don’t forget how busy you all are planning The Folsom Street Gay fair. Always be sure to get the perfect leather outfit.
          And the busy weekends throwing insults and other matter at the Marine Recruiting stations.
          And don’t forget the U Cal system of America hatred and those poor jihadists.
          But, I digress.

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    • TheArtist

      San Diego… you mean the soon to be Isle of Diego?

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    • DSB

      WOOT

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  9. JakeGint

    Serious question for Chivas (and CA, RC, and Wood and other traders) on my blog — Recent fib line checks indicate…

    _______

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  10. Ecchymosis

    I live in CA, and while I am a degenerate sicko, I am proud to drive a big gas guzzler.

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    • TX Slave Trader
      TX Slave Trader

      You should come to Texas where you can be with other dipshits…..just like you.

      Nothing says fuck the troops, fuck the economy, and fuck the environment quite like you self absorbed Hummer driving bastards. Touche.

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  11. 4fl3x

    PAR very overbought and Chart Addict did post a chart of it 2 days ago showing a Bull Flag…

    But PAR is a top dog, one of my favs for the next couple years!

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  12. j

    You know fly,

    the fucking market started to look like shit just when you changed the website. I reckon friggen Jeremy and Vinnie stuck some sort cub virus in the thing that’s turned the market around like this. Fire them both and get the old site back is how I see it.

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    • The Fly

      WRONG. It changed when my bull painting fell off the wall, while on the phone with Wood.

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      • nation81

        I can confirm, happened when the painting fell.

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      • j

        No kidding is that true or you guys are fucking around with that story as you’ve said it a few times now.

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        • JakeGint

          Would you please get an avatar, you creaky old Crocodile Dundee looking mofo?

          (And yes, that was a hint/suggestion)

          _____

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          • Yogi & Boo Boo
            Yogi & Boo Boo

            I’ll second that. It only takes a couple of minutes…

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  13. Scum Bucket Bitchez
    Scum Bucket Bitchez

    California is a disgusting state, filled with degenerate sickos, who drive around in small electric cars. The state is full of waste, both monetary and organic. As you well know, California is the epicenter and the epitome of what is wrong with America today…

    This from a NYC grifter.

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  14. the Village People
    the Village People

    Horatio Clawhammer IG

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  15. Cash-N-Guns

    waaabam….and the bear trap is set…

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  16. The Fly

    BINGO, now up.

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  17. Aris

    perfect post-treasury auction bounce. thank you, goldman sachs.

    let’s all play again next time!

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    • j

      yea, I can see it … the bond department tells the stock dept to go and sell the shit out of stocks and stock futures thereby causing a panic in bonds and out of stocks.. (they’re oblivious to the fact that collusion like that could end up getting them 7 years in the slammer).

      And the reason why they do it is?

      To send bond yields lower and prices higher so they can load up the truck with a bond issue at higher prices. Huh?

      Great Idea. NOT.

      If there was any fucking around they would have finagled stock prices higher not lower.

      ————–

      You guys need to get out of this GS obsession.

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  18. niklas

    dear fly guy,
    a little late presenting a short sell list NOW don’t u think?
    i’m a big fan but may i suggest that you are losing the edge now that this melt down took u w/ surprise?
    best /niklas

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  19. Eff Ewe All

    FLY is all over the place with these posts, I don’t think he knows his ass from his face anymore.

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  20. Eff Ewe All

    TBT-tards getting slaughtered. I love it! One thing you guys should always be aware of…its called a CROWDED TRADE. And long inflation/short long bonds was about as crowded as it got.

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  21. Anon

    The Fly is a Lenny “Nails” Dykstra waiting to happen. He just doesn’t know it yet!!!

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  22. Cash-N-Guns

    quite fitting and telling that Cramer featured Lenny Shit-tard Dykstra as an advisor on his goat shit stie…fucking pathetic…off to have a quick grouper sandwich and cervesa…

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  23. TX Slave Trader
    TX Slave Trader

    So, California companies produce the leading technology on the planet, turning huge profits, then put their money into Wall Street banks, who leverage it 30 to 1 and destroy capitalism and the ability for CA to sell junk bonds……….and of course you fuckin cocky Yankee bastards want to point you finger. It figures. Lack of personal accountability is the problem with America, not California. Fucking Yankee scum.

    Buy COMS into earnings. They’re building China.

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    • Fly Leech

      TX,
      CA has been fucking up it’s finances long before the leveraging started. We design our water system on Average years rather than Minimum year snowfalls. We sign Union deals in good years thinking there will never be a bad year. We always pass budgets with the hope that next year will be better and pull us out and then add more spending because were so big, no one will ever let us fail. I have followed politics here for 40 years and it is amazing how repetitive it is, doing the same thing over and over and still expecting different results. We have so many legislators believing they can save the world that there is no reason to save for the future. The second party (R) is in such a minority that it looks like a third party. Meanwhile, the first party (D) is convincing the minions that we need to be a one party state to achieve nirvana. I bet they would gladly drop all labels and henceforth be just “The Party” once they get there.

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      • TX Slave Trader
        TX Slave Trader

        Look I’m not saying California is well managed, but almost every major tech firm has started there and that is no small feat. What has the East coast given us aside from ponzi schemes, chain smokers and scabies?

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        • JakeGint

          Ignorance is bliss. Microshaft is a Washington state company, just for your geographic information. And Boston, as much as I hate it, is filled with tech names, as well as shitard money managers.

          You’d think a retard from Texas would still know Dell is in Austin.

          Silicon Valley is a nice place, thanks to the jillions in gubmint money that ran through there in the forties and attracted a bunch of rocket scientists to it’s valleys.

          It’s a shame and an irony that gumming money is now chasing those same entreprenuers away.

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  24. DSB

    This is truly a killer lampshade market:

    http://www.youtube.com/watch?v=xOBCMoDGGZU (Recommend HD)

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  25. bzik

    I don’t think he knows his ass from his face anymore.
    ———————————
    hi does not because his face and his ass are the same organ

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  26. sandiegan

    fly i like your GLW play, internet(broadband) and cellular usage in homes is around 90 percent, high def tv’s will not peak until around 2013…could be interesting, although nasdaq will be 1100 by late 2010…

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  27. Sam

    Mr Fly, you are absolutely right about California. Please tell everyone you know so they don’t move here!

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  28. sandiegan

    where else would u like to spend the next great depression? i’d rather be on the beaches of san diego, then the criminal streets of new york(although there will be lots of good empty commercial real estate to cozy up in), freezing my tush off…lets move all the wealthy to san diego, build a wall and fuggit about it…

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    • JakeGint

      Problem is, the homeless have already figured that angle. At least you don’t pay ’em like in Nan Francisco.

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  29. TraderCaddy

    I wonder how she knows so much about internet porn.

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  30. Cash-N-Guns

    that half black lying bitch CEO of AXP is fucking lying his ass off…charge offs are thru the roof at AXP…trust me i know.

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  31. Cash-N-Guns

    waaboom the bear trap got goat fucked..

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  32. Alvari40

    Fly,

    Never thought I would say this, but…….Fuck You Sir.

    Signed,

    Life Long Californian

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  33. Enron

    Don’t forget how we fucked California to the tune of $30B as well!

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