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
23,473 Blog Posts

Follow the Bee

So, let me get this straight. The government owns GM and NOW Toyota Motor Corporation (ADR) [[TM]] makes shitty cars? What an odd coincidence. Hmm, I wonder if this is some sort of nefarious government plot, to trick people into buying their piece of shit cars? Either way, I rather die in a foreign car, than live in an American one.

Keep your eyes on Bucyrus International, Inc. [[BUCY]] going into earnings. They are a great tell on Chinese economic growth. Judging by the recent news out of AK Steel Holding Corporation [[AKS]] , pointing towards a 4% inventory build, my guess, Bucyrus International, Inc. [[BUCY]] blows the fucking barnyard doors off estimates.

Due to my over-sized cash position, I only made 1% today. How sad. However, the good news, I am virtually stress free at work now. If I wanted to, I could order 100 paid pizzas and send them to Howard Lindzon’s office. Or, I could partake in a number of other clever rouses, concocted by men with deep pockets and boring lives. One thing is for sure, it will take a lot of will power to keep this investment cowardice going into next week.

As I wait for the dip, I will roam my office, dressed in full Teutonic Knight armor, while slamming battle axes on the desks of pikers.

Top picks: Nucor Corporation [[NUE]] , Flotek Industries, Inc. [[FTK]] If you enjoy the content at iBankCoin, please follow us on Twitter

22 comments

  1. Rand

    Watching usa win gold on the tube is good also today. And it does not cost anything.

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  2. Mr. President

    My American vehicles would decimate your foreign-made “posh-mobiles”, whatever they are.

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  3. tgarfield

    I’ll bet you buy higher. 120 is the target on the spy. I’ll be back if you don”t throw me down the stairs. Mostly likely a pullback tomorrow afternoon.

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  4. okgo

    fuktek is a waste…your ego is holding you back.

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  5. The_Real_Hmmm

    Where does one order paid pizzas, the Federal Reserve? I bet Ben pounds ’em out and spins them on his bald fucking head. Like a helicopter.

    In regards to fracing and the hot Marcellus shale natty scene:

    “To answer these questions [in regards to fracing], Waxman and Markey said they sent letters on Feb. 18 not only to Halliburton, BJ Services, and Schlumberger, but also to Frac Tech Services in Cisco, Tex.; Superior Well Services in Indiana, Pa., Universal Well Services in Meadville, Pa.; and Sanjel Corp. and Calfrac Well Services in Calgary. The eight companies have until Mar. 5 to supply the information.”

    http://www.ogj.com/index/article-display/articles/oil-gas-journal/general-interest-2/government/2010/02/congressmen-query/QP129867/cmpid=EnlDailyFebruary182010.html

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  6. Mr. President

    Did the Fed really just raise the discount rate to .75, or is this a Twitter rumor??

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  7. Mr. President

    This is being confirmed by many people…Fed raised the discount rate…

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  8. The Fly

    yes they did

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  9. arch

    i remain stress free since i shoved and sold yesterday whike i was working at home….now gotta wait for acct to settle….which is ok dont plan on being around tomorrow either..

    ps… dont touch the watch

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  10. TA

    Looks like that suprise discount rate raise could be a good catalyst for a sell off

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    • xxxHuggieBearxxx

      You’ve got to admit, my timing going short there was both impeccable and extraordinarily lucky.

      I already closed all my shorts on the dip though — i don’t have the cajones to sit on it and hope the market drops further. I’ll look for an opportunity to get long at this point.

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  11. OldA

    Fed raises rates – party over, turn the lights on, turn off the music, get your coats – bulls trying to claim that this was telegraphed? How come I didn’t see anyone saying it was coming then???

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  12. StocksRider

    Who would like to bet that the real sell off will happen next week and not tomorrow?

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  13. AI

    Time Machine special … LONGS are going to roast tomorrow

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  14. Yes Man

    Still holding my AKS, signs are showing steel inventories are being restocked.

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  15. pissininthewind

    The Fly–a religious crusader (Teutonic Knight) surmising his king (USG) has nefariously attacked Toyota. Toyota owners must not be Christians!

    The Gov’t is probably not bright enough to have concocted such a brilliant plot.

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