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
23,428 Blog Posts

UPDATED: Sell, Sell, Sell

—-SPECIAL EMERGENCY ELECTION—- (see bottom of post)

There is no other way to describe my sentiments, other than directly suggesting that you, the internet buffoon, lighten up. As an aside, “The Fly” has taken on a new approach to life, via “channeling” his energy more constructively. An era of positivity is upon you; don’t get in my fucking way or I will kick you into idle fault lines.

I do not mean to be harsh. It just happens to be my nature.

Separately, I am trying to make believe I did not read that the dick suckers from Silicon Storage Technology, Inc. [[SSTI]] might have accepted a $3.05 offer from Microchip Technology Inc. [[MCHP]] . There has to be more to the story. With the stock down to $3.07 in pre-market, there is no point selling here. The hard cash offer is now $3.05. Let’s see if Cerberus steps up with a counteroffer. If not, chalk up a 5% loss. Not that much of a big deal.

Commodities are red hot these days, as analysts completely fuck themselves with shifting opinions. Case in point: United States Steel Corporation [[X]] .

How many times have analysts changed their opinions on letter X over the past year? Always remember, research is entirely vital in helping you understand what you are invested in. However, when it comes to buy/sell recs, please don’t waste your time taking the advice from nerdtron analysts.

Bottom line: See title.

UPDATE: FREE VKING?

Should I remove the ban on VKING from posting in the peanut gallery?polls

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45 comments

  1. Le Fly

    What do you know about being a real man?

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    • Mark Spiegel

      I would suggest that you ask Mrs. Le Fly that question, but seeing as I post here under my real name, I won’t do that.

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  2. The Zombie

    The Fly is God.

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  3. V.King

    10 10 10

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  4. BernieCornfeld

    I started saying that last week, but no one sold. With no real eco reports for the first few days I think we melt even higher…or at least until the cocaine runs out.

    PS How was shopping this weekend?

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  5. Mr. Cain Thaler
    Mr. Cain Thaler

    Agreud, the raw amount of optimistic news this morning is daunting. I’m looking to maybe short OSK later if we head higher at the open.

    Margin is all almost gone, if you’re keeping score at home. We’ll see if I can’t use a pullback to run out into a cash position.

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    • Mr. Cain Thaler
      Mr. Cain Thaler

      I shorted BHI. The manipulation in that name is daunting. Don’t know how long the shares will stay on the market before they get yanked from under me again. In fact, I’m surprised I could locate any at all.

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  6. YaBollox

    I try to raise cash, but the Fed just kicks my ass at that.

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  7. Juiceyfruit

    Fly, no point in selling SSTI here, but would you buy here if you didn’t have a position?

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  8. kidstock

    Wrong, Wrong, Wrong….

    No reason to sell when AAPL, BIDU, GMCR are all making new highs.

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  9. Mr. Cain Thaler
    Mr. Cain Thaler

    Everything’s going parabolic. It feels like the end of January; keep a foot in the bomb shelter…

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  10. xxxHuggieBearxxx
    xxxHuggieBearxxx

    Thank you for the clarification.

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  11. skogie1

    Fly, any interest in VXX yet??

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  12. Rand

    Fly, is mark sigler a person with ibankcoin? I know he blogs, barely, but does he woek with ibankcoin?

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  13. Slaying Dragons

    SCO not even giving me the courtesy of a reach around =(

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  14. mrkcbill

    Are they going to start goose stepping C?

    YHOO jazzercise time

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  15. The Fly

    he looks like my new ppt avatar

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    • JakeGint

      Note how they don’t even use quote marks with the “falling?”

      You hide your tracks well, sir.

      _______

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  16. monaybot

    watch dem gold stocks

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  17. Mark Spiegel

    i put 80% of my funds (using a bit of margin) into SDS near Friday’s close, at S&P 1138.5 or so. If i’m wrong, I’ll stop myself out around 1152. I also put 4% into a PCLN short last week at $235.80; as far as I’m concerned, when a company issues debt with a plan to use the proceeds to “buy back its undervalued shares”, while at the same time the top insiders are dumping those shares like crazy, well, that’s like ringing a bell. (If I’m wrong, I’ll stop myself out at $245.) I’m also now around 40% in DUSA (up from my 33%) because the stock’s been going up. I think that company will get bought for at least $4.50/share at some point within the next 12 to 18 months.

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    • The Fly

      You again?

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      • Mark Spiegel

        The occasional times I show up here, I get accused of voicing opinions without saying what I’m doing, so there it is. Why don’t you be a REAL man, and get short? Or would that require “Sell, Sell, Sell, Sell, Sell” rather than just “Sell, Sell, Sell”?

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  18. The Fly

    Everyone, go vote. Click on poll link in post.

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  19. sniper6

    for those IPO gamblers who may be interested…

    A Cambridge cancer-fighting drug developer plans to raise around $100 million this week in its initial public offering of stock.

    Aveo Pharmaceuticals Inc. is set to sell 7 million shares at $13 to $15 each.

    Scott Sweet, who analyzes IPOs for IPOBoutique.com, said Aveo will likely meet the same fate as Anthera Pharmaceuticals Inc. The Hayward, Calif., firm had to slash its IPO price last week and raised less than 60 percent of what it had hoped.

    Investors are jittery about approvals from the Food and Drug Administration, and that Aveo’s lead product candidate, Tivozanib, may not be ready until 2013, Sweet said.

    Aveo started in 2002 as GenPath Pharmaceuticals. Its stock is expected to trade on the Nasdaq under the symbol “AVEO.”

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  20. Bubbles

    Just wanted to drop in and mention to everyone that v.king’s work is equivalent to a giant pile of shit in every respect and for that reason he can fuck himself.

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  21. Kaiser

    NO V.King!

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