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
19,219 Blog Posts

Squeeze Time

The country rubes from Congress are grilling Hank Paulson today, for doing all sorts of criminal shit, as if they were innocent angels hoodwinked by the devil himself. Those assholes on capitol hill would be sucking Hank’s dick right now, if everything went smoothly. The fact that unemployment is on the rise, giving their respective districts hot irons to the face, lends them the courage to make jackasses out of themselves, blaming Hank for everything short of faux global warming (incidentally, that can never be proved either). Congress knew exactly what they were getting into, when they gave Paulson the authority to spend like a drunken, credit card loving, American. Every single incumbent should be voted out, just my opinion.

As for the markets:

After yesterday’s salsa dancing extravaganza of a market, investors are taking a breather, allowing gains to be digested. However, remember, the shorts are trapped and will bug-the-fuck-out, should the indices show signs of lift off. With that in mind, I want to be long, or at least consider being long, stocks with bountiful short positions.

Courtesy of The PPT, here are 25 stocks with excellent technicals, from one my short squeeze screens, titled “Kill the Shorts”

(technical score ranked “buy” or better, with 15%+ of the outstanding shares sold short)

No. Ticker Technical Score Short as % of Float
1 STEC 4.42 34.60
2 DIN 4.22 23.70
3 TXI 4.22 21.20
4 MTG 4.17 18.60
5 JCG 4.12 28.40
6 PODD 4.12 20.00
7 X 4.12 15.60
8 SFD 4.07 17.50
9 TRLG 4.07 19.10
10 FEED 4.02 17.40
11 LAMR 4.02 20.20
12 HOG 3.97 19.00
13 WBS 3.92 16.60
14 GYMB 3.72 21.90
15 LVS 3.67 18.90
16 GCI 3.62 20.40
17 GMCR 3.57 31.60
18 SLG 3.57 23.50
19 TWP 3.57 20.30
20 VPRT 3.57 26.40
21 SVNT 3.52 15.20
22 ATPG 3.51 18.60
23 CRZO 3.51 20.70
24 SIVB 3.42 16.10
25 AMAG 3.37 21.80
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41 comments

  1. TheArtist

    ef fffffffff I da da da da da da have t t t t t t t t t to listen t t t t t t t to ha ha ha ha Hank Pa Pa Pa Pa Pa Palson on TTTTTTTTt TV try ttttttttt to talk wa wa wa wa one more time I’ll pppppppppa pa pap pa puke…..

    I thought we were through with that ststststststststs stuttering fuck?

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    • Wolfschanze

      I fail to realize how someone who is incapable of talking properly could reach such heights in the business world, by no means does someone have to have the abilities of Socrates, but you still need to make speeches and lead people……….

      I find it interesting we have had up day, flat day, up day, and now flat day again…

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  2. j

    bought some CY earlier at $9.77 reported what look like shitty earnings at face value but after stripping out restructuring costs etc. they “only” lost 3 cents a cents vs street estimates of 10 cents. I think it’s quite a bit heading higher

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  3. Capt. crack

    blow me and your gonna have trouble with your 4 buys late yesterday
    most likely youll end up eating them Capt ASSHAT

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    • Free Trader

      Why do you FAZtards insist on shorting mother mkt when we’re in a bull market. You retardos need to get your shit straightened out.

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      • Capt. crack

        bull market my ass and yes i did get short this morn fuck off we are headed lower for a mounth or so

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      • Wolfschanze

        I’ve gained with a bear stance the last couple of days, anybody can make money provided they aren’t greedy and, most importantly, keep an open mind about the mid term view of what is happening. By not adjusting your outlook based on information input day over day, Fly, you may aswell turn off Bloomberg and throw darts.

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  4. Yogi & Boo Boo

    Wolfie – WTF does that mean? Why should I adjust my outlook every day? That’s insane unless you are a very short term trader. Even then I don’t know it makes any sense. Chase your tail if you like. Markets don’t move that fast. Oh, and yes I’m up quite nicely this year thank you.

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    • Wolfschanze

      Here is what I don’t get then, why be actively following the market throughout the day but then balk at the notion that said information that you garner should alter your outlook in the least bit? Whats the point then? why not just watch the highlight reel in the evening?

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      • Yogi & Boo Boo

        Maybe that’s appropriate. I watch the market daily to see if my market view is still valid, to gauge market psychology, to develop new trading ideas. What works for me will not work for someone else. I look for themes, and sometimes trade with them, sometimes fade them. Sometimes I trade against my major market view just to test my conviction. This is especially true after the market has moved up for an extended period. I am almost never in cash. That’s just me.

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  5. kidstock

    VIX at 25 says to me that there is limited/no upside from here.

    Unloaded my calls…scratched on BRCD — should have doubled.
    Tripled on TKLC Aug 20’s.

    Bought MSFT Jul 24 Puts for .12
    MSFT Aug 22 Puts for .31

    DOWN WE GO!

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  6. TheArtist

    jesus fucking h christ…….are we starting back with these all day senate bullshit hearings again on meaningless shit??!!!!!

    today are earnings out the wazoo…..get this shit off the TV and talk about the market you dipshits…….

    where are my slices of highly spiced pastrami, I need to go slap someone.

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  7. TheArtist

    hank paulson must have bought his own tanning bed?
    has he been hanging out with Mozilo?

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    • Cash-N-Guns

      well he sure hasnt been in speech class…you know he wants to get up punch out these pukes officials..i fucking hate our elected retards..

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  8. The Fly

    ALERT

    “Le Fly” is going to a local bistro for a cup of coffee.

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  9. j

    I gotta say, this market feels like it wants to go up. After a big day like yesterday the fact that it’s just vacillating like this means there are no real big sellers out there. Up we go I think.

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  10. TA

    Shorts on STEC getting eaten today

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  11. Yogi & Boo Boo

    Kudlow vs. Kucinich – Kudlow: 1 – Kucinich: 0

    j – Agreed.

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  12. Dr. Incognito

    Le Fly travels the alley ways on his gas powered, pastel painted moped with a day old, two foot long french loaf in hand, stealing old ladies hand bags and smacking the mustachios off old men.

    In a white robe and sandals…

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  13. DownTick

    GOOG earnings! On your mark…

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  14. dave

    Watching Paulson is as painful as my strangulated testicle.

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  15. Dubz

    http://farm4.static.flickr.com/3187/2634551248_acb2189aea.jpg?v=0

    I think those mopeds belong to the CEO of AnF, a different color for his many homo hammer inspired moods.

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  16. Mr. Cain Thaler
    Mr. Cain Thaler

    I covered my entire COF position today for a loss. Now I’m contemplating throwing rocks at local children.

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  17. TheArtist

    Henry Fool, XOMA?

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