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
23,433 Blog Posts

Watch Me Very Quietly

Brocade Communications Systems, Inc. [[BRCD]] is running on strong volume, due to renewed takeover chatter. It’s been a few months since I have been an active buyer of the 4g space. With this sell off, I believe it’s time to look over some names and take down some positions. At the present, I am pretty heavy in commodities, particularly because the sector has been beaten like a red headed step child. However, on a rebound, I will sell some of my commodity plays, in exchange for tech.

For the most part, the tech space is in terrific shape, with 4g/LTE rollouts underway and company balance sheets rich with cash. Needless to say, the sector is ripe for consolidation. Currently, TEKELEC [[TKLC]] is my largest tech holding.

With all of this snow, look for sales of rock salt to shoot through the roof. Compass Minerals International, Inc. [[CMP]] is your play.

Should the market close with minor gains or losses, look for it to springboard tomorrow, based upon the will of the stock market Gods. Go ahead and treat yourself to a meal of mutton and sweet ambrosia. Your fortune is about to change for the better.

For the day, I added to my Ctrip.com International, Ltd. (ADR) [[CTRP]] position and initiated new positions in Gammon Gold, Inc. [[GRS]] and [[TAN]] . With regards to TAN: the solar industry is ridiculously cheap. I believe the pressure is due to the fact that Europe, especially Spain, are huge consumers of solar crap. For some reason, investors are pricing in European VAPOR-LOCK mode. It is my belief, these grave concerns are way overblown, which is why I am long Spain, via [[EWP]] .

I sold 25% of my Cummins Inc. [[CMI]] position, for a nice profit, in order to raise cash for new buys. My current cash position is less than 8%, with year to date losses of less than 1%—thanks to yesterday’s run up. Essentially, for me, 2010 has been one great circle jerk, thus far. In order to escape from the claws of boredom and mediocrity, I will need to step up my “A-game,” and trade with greater frequency. In other words, today’s trash is tomorrow treasure etc.

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42 comments

  1. Rand

    What no natural gas holdings? Funny, most of the south does not have coal furnaces like you dolts in the north.

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  2. Rand

    Exactly.

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  3. kidstock

    FIG

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  4. BernieCornfeld

    How was Romania?

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  5. Actionable Investments

    How’s Borat doing?

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  6. TraderCaddy

    The market has been and will continue to be complete buffoonery.
    My just picked Valencia Oranges are very good this year.

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  7. The Fly

    who the fuck has coal furnaces?

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    • Treepart

      Pepe’s Pizza and Sally’s Pizza in New Haven use coal for their brick ovens. Damn good pies I might add.

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      • JakeGint

        John’s in the West Village, too.

        And I think there’s one on W. 66th… or 63rd? or used to be, at least. Fly?

        __________

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    • omfgitsjd

      Actually, the largest source of electricity in the United States is currently a result of coal reactors (furnaces). I personally believe Nuclear will give you the bigger bang for the buck and is more robust. You can power new york for a day using nuclear fuel the size of a pencil (opposed to a small mountain of coal). Natural gas is just fuckery at it’s best. But hey, common sense is for other countries.

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      • JakeGint

        Treu, we should go nuke in a big way. Only the greens barring the way, the Luddite dopes.

        ____________

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        • omfgitsjd

          Jake, I will temper this response rather than unleash lilith from my little crystal box and sum it up with one concise creative fake chinese proverb. “He who deconstructs America controls the public perception”.

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  8. omfgitsjd

    I suppose I could consider it some kind of therapy to confess I was clown’d by brocade several years ago. I can still feel the pain. For someone to suggest I embrace my previous abuser is causing flashbacks.

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  9. Chinese Warlord

    You Melicans velly funny. We just make $50 billion deal for coal from Australia. We buy your crummy debt and stocks. What you think happen if we stop it?

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  10. Mr. Limm

    Yeeeaaahr, what he say.

    Beside you economy improding, Fuknutz?

    __________

    (Mistah Limm, he Taiwanese… Go Chang Kai Shek, muddah fullkahs!)

    __

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    • Chinese Warlord

      Taiwan is part of China. You vill see, Mr. Limm, if dat is your real name. Ve cut off purchase of US chicken. How you like dat?

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      • heaterman

        Go right ahead and cut it off. You know you can’t produce enough food domestically. We can get along just fine without Chinese goods but I doubt you can make it without importing food…………just sayin.

        Play ball or starve your country out, your choice.

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        • dave

          The Chinese rulers don’t give a fuck about the population. They would let millions starve to death without blinking an eye. They did it before in the late fifties (37 million +) and they would do it again.

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        • omfgitsjd

          Actually, the chinese have a higher life expectancy because they are eating rice, fish, and herbs while we are sucking down big macs, biggie fries, and a dew. You must understand. Infrastructure is vital.

          Someone please remind Obama that infrastructure is vital.

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  11. TraderCaddy

    Jake- This is for you. It gets good at about 2:10 “Al Gore is a liar. His pants are on fire. Plus, he’s getting rich off carbon offsets.”

    http://www.youtube.com/watch?v=u03QcymdCtg&feature=player_embedded

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  12. nikolay_bg

    Fly,

    besides being an awesome stock picker, I love the fact that you like trance… I am big trance fan…

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  13. JakeGint

    Where is Dirk Diggler?

    I can’t believe he posted that other video and missed this one!

    (weurth (sic) the click!)

    ___________

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  14. Po Pimp

    Bizarro Oil Headlines for the Day:

    #1 Oil slips below $73 on demand prospects, dollar

    Promptly followed a few minutes later with:

    #2 Oil rises above $74 on bullish EIA demand outlook

    So, demand went from a drag to a boost just like that. Gotta love it.

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  15. TraderCaddy

    An interesting multimedia progression of the unemployment in the last few years. Rather sobering.

    http://cohort11.americanobserver.net/latoyaegwuekwe/multimediafinal.html

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  16. TraderCaddy

    Although I would like to join the PPT, I really can’t afford it as I am spending $99 per month for Lenny Dykstra’s new investment service. He does better than Fly as he states as fact 140 wins and 0 losses.

    http://www.nailsinvestments.com/

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  17. arch

    hope i didnt bug out of my C early

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  18. omfgitsjd

    This cabernet induced domination of this blog is over. You kids run wild for a week.

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  19. GW

    get set …kick some bears…down the stairs:

    http://www.nytimes.com/2010/02/11/business/global/11union.html?ref=global-home

    “It is “no longer considered an option not to act,” said a French official involved in the talks.”

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  20. No One

    It was never not an option.
    If a US company is “too big to fail”,
    what does that do to a EU country?
    Governments are the biggest companies.

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  21. arch

    this is that shit that happens when you try to keep up with the jones…its to the point where i just have to sit back be glad its not me and laugh at the dumb fucks

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