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
23,445 Blog Posts

Omnibus Locis Fit Caedes

ppt

The Overall Hybrid Scores, under 2.30 and 3.00+, since inception, and how they nail the trading ranges.

Hat tip: RC

If you can look at that chart above, then look at me in the face, via looking at the screen, and say “you’re not a space-alien magician,” then I am wasting my time here. If you are still losing money and/or not participating in this rally, do yourself a favor and go shoot yourself in the face with an idle howitzer; because you are wasting my time, pal. You are definitely better off reading the wordy crap, on some of the permabear aka “idiot blogs” than here.

Let me remind you, I don’t care what our government is doing or what wrongdoings the Godly folks from Goldman Sachs Group, Inc. [[GS]] commit. Like Goldman Sachs Group, Inc. [[GS]] , iBankCoin is doing God’s work, by helping you, the internet moron, make some money in the market. Essentially, we try to even out the playing field, sort of how a life-preserver works wonders for people trying to swim, without the luxury of arms.

As an aside, there is an old saying in the newspaper business: “if it can’t be said in 7 words or less, it should not be said at all,” pertaining to headlines. I strongly advise many of you “third tier players”  adhere to such words of wisdom, for you are looking like regular jackasses.

At any rate, if I may, I sold a variety of stocks. For the record,  I sold half of Mechel OAO (ADR) [[MTL]] @ $21, all but 1,000 shares of POSCO (ADR) [[PKX]] north of $116.90,  75% of my Jarden Corporation [[JAH]] position north of  $27.35, half of Ctrip.com International, Ltd. (ADR) [[CTRP]] @ $63.30, half of Equinix, Inc. [[EQIX]] a touch under $96 and all of my TEKELEC [[TKLC]] because it simply is not working.

My cash position is now about 40%.

Current positions worth noting are: Flotek Industries, Inc. [[FTK]] , ICICI Bank Limited (ADR) [[IBN]] , Ciena Corporation [[CIEN]] , Equinix, Inc. [[EQIX]] , [[ENTR]] , Corning Incorporated [[GLW]] , [[MWW]] , IAC/InterActiveCorp [[IACI]] , Aracruz Celulose SA (ADR) [[ARA]] , Vimpel-Communications (ADR) [[VIP]] , CGG Veritas (ADR) [[CGV]] and Chipotle Mexican Grill, Inc. [[CMG]] .

In short, I did the heavy lifting last week, by buying stocks when it was unpopular. Today is easy, rewarding myself through profit taking. I will reevaluate my positions/thesis and prepare for another round of market mastery.

More on this later.

NOTE: The Overall PPT score is….(Oh, that’s for subscribers only, pal. So sorry).

UPDATE: I sold out of DryShips Inc. [[DRYS]] @ $6.27

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56 comments

  1. Bill

    The PPT is precise and succinct and brief and rewarding for even the small retail guy. It is less filling and not too many calories. When will the Fly start a closed end fund so that we can just buy and go on vacation?

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    • The Fly

      Never.

      I have bigger plans, like seizing control of whole cities and burning its citizenry to the ground.

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      • smurf

        FWIW, the cities full of bears and short sellers have already been raped, pillaged, and burned to the ground. Sometimes repeatedly. All that’s left are a few shell-shocked shriveled old men, dressed in rags, muttering incessantly, “The economy is doomed…” as they pick through the rubble.

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        • The Fly

          lol. I can visualize that, sort of like that old Twilight Zone episode when the guy survived a nuclear blast and all he wanted to do was read. Then his glasses broke. ROFL

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  2. T MOE

    Holy shit I need a rape kit. I had to run for cover and take my ass whipping. Covered most of my shorts. Still short GE, BAC and APOL.
    Went long a couple names right at open. Hoping to play the hurricane. Bought GIFI, OII, TTI, and DVR. If the storm does some damage to gulf oil facilities these names should benefit

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    • The Fly

      Moe

      For the love of walnuts, quit killing yourself. The game is rigged. Stop thinking you are going to unrig it with inane orders.

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  3. The Fly

    In Oct, The PPT hit 2.98 at the very top of the range, a little fyi for you.

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    • WTF

      Wouldn’t it be easier to re-calibrate 2.1-ish to be zero and 3 to be 1.

      If zenith and nadir are 3.0 and 2., it is sort of wierd….easier to be 1 or 0.

      to each his own….

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      • JakeGint

        Well, no.

        Not if you are thinking cyclically, which is how markets operate. You sell high and buy low, no?

        _______

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  4. chivo

    Fly, is the 40% cash position about the level you’re looking for even if you believe the market is topping out, short term or not?

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    • The Fly

      40% is just about as far as I can go. I can sell another 15% if needed. But, for the most part, this is a full cash position for me.

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      • j

        Moe:

        Why one earth are long term positioned short in this market? Don’t be another devil dog.

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  5. Jworthy

    And it feel so good to be baaaaack.

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  6. Big Mike

    Good stuff, La Mosca;

    I am man enough to admit you nailed this dip…

    When that hostile bid for FTK coming along? Just give enough time to SHORT IT!

    WHuahahahah…yeah

    Cheers mate!

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  7. the NOODLE space cowBOY
    the NOODLE space cowBOY

    FLY hires new commodities blogger – redeems “cool” status.

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  8. j

    I sold my long Aussie, Aussie Euro and Aussie yen positions on the back of the PPT hitting 3. Look to buy back if it gets back down to 220. easy as fucking punch.

    Even in currencies this thing is a money printer seeing everything is now correlated to one.

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  9. T MOE

    Thank God I bought GLD during the summer in July at 89 and stuck to my guns and held the fucker. That along with HYG, TIP and a few other select long trades have kept me alive. I have also been in and out of a few shorts with good timing. But I will say that this rally has kicked my ass! Hard, very Hard

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    • j

      Can I be frank with you Moe? You’re doing the same shit, turtle breath is doing (timmey). You think you can figure out the macro stuff when you really don’t know shit about economics and then short stocks that fall into your macro view.

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      • T MOE

        Oh, and you are the fucking omniscient economist. Give me a break! Fuck you j.
        Of course I short stocks that fall into my view. I buy ones that fall into my view also. What should I buy or short stocks that don’t fall into my view?
        Fuck off

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      • TA

        The bears have been correct on the economy but all it’s done has lost them money.

        The market is not the economy and visa versa.
        If you can pick on Moe for anything, it would be that.

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  10. cardiffgiant

    Did you take a loss with the DRYS position?

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    • The Fly

      yes

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      • masterpain

        How abjectably moronic….I called that one Bugman

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        • The Fly

          Do you want a candybar?

          Out of my 30 positions, you choose one. Great job.

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          • masterpain

            Only one of your positions I ever voiced an adverse opinion of . You stated I was moronic and backwards looking . Baltic Dry was the tell.

            Take some SRS and put it in your back pocket . We will talk about it in April .

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        • TA

          He blew the AMD trade as well.
          Find me one trader that’s right 100% of the time.

          I can’t count the number of times I’ve been wrong but I don’t let any one trade bury me.
          Recent example for me would be RIMM but I dumped the short put spread and moved on before I lost much on it.

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          • Dr Fly

            They are just memories now. No point in dwelling on the negatives.

            Onto the next one

            –Jay-Z, 2009

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          • JakeGint

            I’m sorry, but when you switch to “Dr Fly” — especially in reflection of pique — I have trouble keeping my kidneys from a “mirth-malfunction.”

            _____________

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  11. masterpain

    Candy bar? No Ibankcoin doormats? cheapskate !

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  12. RNB

    So let me see if I get this straight. If I join the PPT I will understand how to make a 40 or 55% cash position really be a 100% cash position?

    It takes big cajones to buy when so much fear in the market.

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  13. Dr Fly

    I am long only. And, since my aum are more than the 5 figures that most of you manage, it’s almost impossible for me to justify a 100% cash position.

    I bob and weave, that’s all.

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  14. some guys

    Nice chart. How did the PPT composite do during the crash in 2008?

    I’m betting the lows DIDN’T “nail” the bottoms during that point in time …

    When you get a chance, let Woodshedder compare it to the 2-day RSI on the SP500 index …
    .

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    • The Fly

      I finished it at the end of 2008.

      But, I was working on it for most of 2008.

      There is no data. But, I will tell you, I NAILED the crash of 2008. Ask anyone around here.

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  15. mrkcbill

    Free market capitalism is the best path to prosperity

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  16. dave

    Things are getting worse out there. Only one chick bought me a drink over the weekend.

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  17. howie2092

    I think I just got banned from the PPT for not wearing proper boardroom attire. I am unable to log in.

    update – my proxy server at work is acting funny, not iBC’s fault. hooray.

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    • The Fly

      email me

      flybroker at gmail.com

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      • howie2092

        it was a problem at my end – the proxy server at work and Google Chrome weren’t playing nice.

        I am able to log in with Firefox and get my PPT fix.

        Thanks, Fly.

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  18. slim

    Why was PPT 3+ in mid-July, after which market continued to go up? Are you concerned same thing is happening today, as BB continues to backdoor recapitalize banks through each OpEx?

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    • The Fly

      yeah, that was the one exception to the rule.

      That’s why I said this is a “long only” market.

      Worst case: I miss out on a few % to the upside. But i will not lose.

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      • slim

        Like your blog, like how you think. I’ll take the “over” on your wager. I think this short squeeze still as room to run this week, and I think we have yet to see the highs of the year.

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