iBankCoin

Coiled Back

I have numerous errands to run today, so this will be my only post during the trading session. My crystal ball says, the market is about to pop, led by banks and tech. Already, we are seeing extreme bullishness in the sectors, with big dicked gains in Ciena Corporation [[CIEN]] , Goldman Sachs Group, Inc. [[GS]] , TriQuint Semiconductor [[TQNT]] and Deutsche Bank AG (USA) [[DB]] , just to name a few.

Despite cursing the Gods for placing me into Flotek Industries, Inc. [[FTK]] , “The Fly” is having a splendid day, with gains in OmniVision Technologies, Inc. [[OVTI]] , SandRidge Energy Inc. [[SD]] Corning Incorporated [[GLW]] , [[ERX]] , salesforce.com, inc. [[CRM]] , CIEN and TEKELEC [[TKLC]] .

I’m not exactly thrilled over today’s action, but it will suffice. For the most part, the economy is getting donkey punched; but the trillion dollar question remains, what does that mean for stocks? Does the Dow belong at 8,100, 6,100 or 10,000? As crazy would have it, I would not be surprised to see all three numbers hit, over the next six months. In the meantime, I am sticking to a thesis, just sort of riding this fucker out. Granted, it’s not a risk free strategy; nonetheless, eventually, rest assured I will be bowling on you fuckers with cannon balls of fire.

Aside from current holdings, I like the action in Starent Networks Corp. [[STAR]] , Alcatel-Lucent (ADR) [[ALU]] , General Cable Corporation [[BGC]] and Marvell Technology Group Ltd. [[MRVL]]

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60 comments

  1. TheArtist

    If Goldman Sachs had their “code” stolen, and they have just announced on Bloomberg that it “could be” used to manipulate the market…..then what was Goldman doing with it?

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    • The Fly

      In all fairness, that’s like saying “my loaded gun was stolen”: now someone is out there ready to kill someone with my gun.

      Goldman will say they adhered to the laws and the thieves will not.

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    • gappingandyapping
      gappingandyapping

      Just FYI the code is virtually useless. The idea is what is of value but they would have to have the exact same systems with the same speed links and many other variables. Thats why they could hardly give a fuck about this. But its a sexy story evidently. Like this “Cyber War” that is going on. Its just a plain vanilla gay DDoS attack against the white house website which is full of useless bullshit anyway. Just trying to sell ads with the words.

      Should I also mention that this guy should have full access to the code? He was a fucking quant programmer for the strategy so he has to have the code because he fucking wrote a lot of it. Besides he would have been checking code in and out of subversion daily. The fact that he was leaving the firm and checked out the entire source is what got him caught, this happens all the time and why they invented DLP (Data Leakage Protection). Just homofied how dumb the media is.

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      • programmer

        well excuuuuse me. When you want to sopy the code you do not “check” it out which is a term for completely different procedure in code maintenance. You realy just need to copy the code that usually resides on servers that do not have convinient USB ports to insert the flash and copy. So the only way you can take it home is to “ftp” it on a remote server and then download it back to your home computer later. But then you are so not “homofied” yourself that you would know that you just forgot how it works.

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      • Yogi & Boo Boo
        Yogi & Boo Boo

        I’m with Gappy on this one. Apparently programmer is not aware of the amount of “slurping” that goes on with developers.

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  2. jg

    fig

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  3. The V.King

    Just for that I have bought another 7,500 GLW @14.46

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  4. The Fly

    dollar weak, oil rebounding: a good start.

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  5. 4fl3x

    Thanks Master Fly.

    The stock DOW looks like a nice pick for a downside hedge right here.

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  6. TA

    GS making big profits again
    Time to blame any losses I get on their manipulation

    http://www.bloomberg.com/apps/news?pid=20601087&sid=a6qIBznBttBc

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    • The Fly

      Goldman killed Kennedy

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      • Cash-N-Guns

        should have killed all the Kennedys…they fucked up

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        • TheArtist

          N. Korea “testing” their cyber death software right now…..N.Korea will take care of Goldman when the time comes….

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          • The Fly

            They don’t even have computers in N. Korea. Please.

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          • TheArtist

            how are they firing test rockets? lighting a fuse with a match?

            LOL….

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          • Cash-N-Guns

            Kim Dong-Ping Pong is goat shit…he is a jackass and unimportant as he does not yet have a real threat..we should just triple pound him if he launches anything our way…

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          • TheArtist

            I thought his name was Kim Jong Ding Dong Pollywally Give The Dog a Bone II?

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      • j

        and elected obama

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  7. Dykstra

    Dam,

    I thought I had really fooled everyone into thinking I knew what the fuck I was doing in the stock market. I lost it all!!! Unfortunately my subscribers got ass fucked as well. I think Ill just blame it on JPM……

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  8. Buckeye Bob

    Lenny is just “reorganizing”…

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  9. Juiceyfruit

    Lenny Dykstra – what a lousy con man

    He’s no Bernie Madoff

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  10. gappingandyapping
    gappingandyapping

    Anyone seen this Lenny Dykstra video???

    He is flying high as hell!

    http://deadspin.com/5302008/lenny-dykstra-lets-the-world-know-hes-flying-higher

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  11. jg

    fig fig fig

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  12. Benny the Ball

    EW traders are loading up on shorts and puts for a sell off around 890-900 …

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  13. OO

    “Two of our greatest presidents, Thomas Jefferson (filed several times) and Abraham Lincoln, were able to restructure their lives through bankruptcy and went on to do great things such as helping to establish the University of Virginia and abolishing slavery.” …. Funny shit

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  14. buycurious

    What the FTK?

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  15. Eff Ewe All

    Talk about a weak-ass bounce today…if I were stuck heavily long at this point I’d be using the tiny gains to scale back at least.

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  16. TheArtist

    AIG is just laughable………..

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  17. ManuelStop

    Thicker/heaver lunchmeat:

    http://www.youtube.com/watch?v=6eLw3xZ7GHs

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  18. Milktrader

    Which sector is strongest?

    I’m doing a pair trade experiment and the first thing I need is random opinions.

    Choices: Nasdaq 100, Russell 2000, S&P 500

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  19. gappingandyapping
    gappingandyapping

    Feel free to unleash your inner DEVILDOG on Lenny “Cramers fuck buddy” Dykstra here in the comments section —-> http://www.thelennydykstrareport.com/news/

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  20. SmallFry

    You guys watching Lenny Dykstra on CNBC? His mansion was foreclosed on today and he is now claiming to be the victim of mortgage fraud, bro!

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  21. dj fox

    CHECK OUT “DDSS” – july 18th – going in front of the FDA

    ADD TO PPT PLEASE!

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  22. punyandy

    comments are moderated. good luck getting any good ones on there.

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  23. Mushroomz

    “Lenny Dykstra, one of the great ones” (Cramer on Dykstra as a wealth manager)

    http://www.youtube.com/watch?v=Lo77x4VeoQE

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  24. heaterman

    Mall operators are Skeeerooood. Tell us something we didn’t know. I’d hate to own commercial real estate property with a heavy debt load right now.

    http://finance.yahoo.com/tech-ticker/article/277184/Brace-for-More-Retail-Bankruptcies-June-Sales-Slump-Across-the-Board?tickers=ANF,ARO,BKE,XLY,DDS,JWN,M&sec=topStories&pos=8&asset=&ccode=

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  25. heaterman

    Doesn’t take a rocket scientist to finger out why the Saudi’s would let this pass….if true that is. Can you say $150/barrel oil overnight?

    http://www.financialsense.com/editorials/engdahl/2009/0708.html

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  26. mrkcbill

    Check out Drudge for a laugh

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    • gappingandyapping
      gappingandyapping

      Saw it earlier and its fucking hilarious. Sarkozy is like wait until you see my hot slut of a wife.

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  27. The Satirist

    Hugh Hendry’s latest is at http://www.FT.com under View from the Markets for July 5. He continues to bet that the Fed is not doing enough and is not a believer in gold or China. He says that it is possible, not certain, that yields on US bonds could amaze people as the yields fall to very low levels. I am pretty amazed at the 10 year now.

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    • Driven

      This interview with Hugh Hendry is mind-expanding. Skip it at your peril.

      Thanks for posting this, Satirist.

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  28. Fly Leech

    Lenny is my home town boy! He lives just a few miles from me in Lake Sherwood. His office is at our local puddle jumper airport.
    http://www.venturacountystar.com/news/2009/jul/08/no-headline—naxxfcdykstra09/

    I never knew I was so connected.

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  29. banker

    to FTK buyers: i told you some time ago we are happy to sell it to you and we were selling it starting at 2 and change. Go ahead, take it from us.
    to GLW buyers: see you at 10 bucks. Keep buying it here, you will be selling it back to me 40% lower in September. Well, technically it is already more than 10% lower if you bought it around 16 and change.

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  30. gappingandyapping
    gappingandyapping

    Uber homo Dennis Keale just called you an unemployed college kid! This asshole needs multiple pages devoted to his ass compactor. Total fucking queer.

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  31. needle dick the bug fucker
    needle dick the bug fucker

    http://www.ustreas.gov/press/releases/tg168.htm

    interesting “county and large city allocations can be found here.” Click this for the list. Cali is getting a bundle

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  32. hack

    Denninger on CNBC tonight

    http://www.cnbc.com/id/15840232?video=1177173832&play=1

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    • j

      That was the most ineffective defense of blogging I’ve seen. Obviously the gay looking Dennis K had boofhead on because he knew he could manipulate him.

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  33. Scum Bucket Bitchez
    Scum Bucket Bitchez

    Test

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