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
23,441 Blog Posts

ROFL’s with My Waffles

I don’t give a shit what happens today, for the stock Gods have blessed me with winning lotto tickets. Much to my delight, it appears the transvestites at FTK got their acts together, by way of conducting business. The company, believe it or not, is in a hyper growth phase, with 32% yoy revenue growth and 48% growth in their booming chemicals division. While it’s true, the company is still losing money. However, they are well on their way towards profitability. What does this all mean for Senor Tropicana?

It means if you are short the name, “Fuck you, you’re dead.” That’s all.

With more than 20% of the float sold short, I stand to make a lot of coin, once the squeezing is done. To be clear, I am still down on the name. But I have been waiting for this moment for over two years and believe you me, I will be eating large quantities of cake, very, very soon.

As for this tape:

We are not in a LONG ONLY MARKET. With that being said, I am keeping my VXX, due to my personal hellbent mission to see this market lower in September. But I am adding to longs here in a significant way, now representing over 50% of assets. My best advice to you is this: prepare for a bounce. Make money on that bounce and then get ready to defend yourself from zombies trying to eat your fucking brains—sometime in early September.

Top picks: BAC, GMCR, TNA

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27 comments

  1. TA

    FTK getting all jiggy here

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  2. Steven Place

    Are you in the ROFLcopter eating your waffles?

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  3. Cascadian

    Why not just take over the rest of FTK? the market cap is only $48mil.

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  4. xxxHuggieBearxxx

    Sweet, its not making me do math any more.

    Anyway, i wish this market would go up today. Just 1% or so. I’d even take my 40 points.

    It has been a long time since i’ve seen such bearish sentiment. I don’t think people were this bearish when Europe was supposed to explode. Back then the storyline was “Europe is going to explode, but it probably won’t affect the United States.”

    Now the story line is “The United States has entered a deflationary vortex from which there is no escape.” And my TLT has gone up like 10%, all while collecting divvys.

    It must be a good time to be long.

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  5. Yogi & Boo Boo

    Banking Coin is the best revenge. I had two lotto pops today: ALY (found through a PPT seasonality screen) and FTK which I added to during a previous PPT OS reading. Life is good.

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  6. JakeGint

    I always wondered what “ROFL” rhymed with, and now I know.

    _________

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  7. The Fake Nympho

    Mid day update… Tire inventory is low in China as Mr. Limm is expanding his bicycle and rickshaw business….in Vietnam….Fertilizer and grass seed is in low supply in China….as Trader Caddy and the PGA have announced the opening of several new golf courses for the new China PGA Tour…spokesman is to be Mr. Limm’s second cousin….Yao Ming…MSG inventories are growing in South China area as a substitute has been found for MSG in …..crab rangoon and pot stickers…… I will be up all night Sunday….and report on the falling wages of child laborers in Sri Lanka and shipping rates….in Mumbai

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    • MOOBER

      What about hair extension inventory in urban centers across lower Roflanzia? That’s the today’s tell.

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    • Caffeinated

      Could be… best comment winner… today.

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    • Bullish

      That’s just funny

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      • Trading_Nymph

        Actually for Tires in China…..Yang Jian is pointing out that even though auto sales have dropped for the last 4 months they are finally getting back to normal, NOT 2009 levels again…Shanghai Rubber was up last night too… http://www.autonewschina.com/en/article.asp?id=5623 ……lol….today I preplexed by the fact the spot in iron ore china/india was DOWN, which of course weakend the Capes shipping rates, yet Steel China Billets were still moving up along w/rebar futures..something has to give soon…for Breath, give me a NYSE Advance-decline line of less then 300,000.000 and I will give you a market that will continue it’s decline….

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        • The Fake Nympho

          Trading Nymph….is…a..good sport…but am wondering about the rumors of….card counting…at Macau casinos…and a high suicide rate among economists in Beijing

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          • Trading_Nymph

            It actually is pretty funny….For Macau, I am still very worried about the high number of govt officials that were spotted over there last year betting ALOT of money around the times that their regions were getting loans…always seemed really strange…

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          • Cascadian

            Chinese tires here are $60; the others; US,euro,Jap- $125.

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          • Trading_Nymph

            cascadian…your not in USA? Obama sort of messed up our cheap China tires last year, lol…btw totally agree on Wed..Mary J B makes sell offs pretty mellow…lol

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    • Septimus Pretorius

      Very clever.

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    • Dani

      I can’t believe you are still in FTK. I have been out of the loop. How many times have you doubled down? Do they invite you to corporate meetings yet?

      China – Look at the slimy mass that is a product of polluted water—a complex glob of anaerobic bacteria covered in structures that produce spores.

      http://news.nationalgeographic.com/news/2010/07/photogalleries/100730-environment-china-green-algae-pollution-pictures/#/china-algae-outbreak-creature_24134_600x450.jpg

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      • Back from the Brink
        Back from the Brink

        Great is the only word to describe the greatness of your greatness…

        Your unwavering unflappability was truly an inspiration and my faith in you has done me something truly great and unexpected: banked me coin on the ticker formely known as the FalbaTrossK.

        Owe this one all to you, good sir. If you would like, t’would be an honor to donate a portion of my proceeds to the charity of your choice.

        NY Lawn Revitalization Society, perhaps? (great, probly ban me for that…)

        Should it be in the name of iBankCoin or Senor Tropicana?

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    • Name

      😀

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  8. Le Fly

    Lol

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  9. Prospectus

    7+3 = 10 (For old time’s sake)

    This market really seems sick to me. It’s a bigger cockblock than a cutoff jeans-wearing werewolf to a sparkly virgin vampire. As much as I would think a bounce would be imminent, it’s just not happening. Blood in the streets on Monday morning, IMO.

    (Note–no actual money wagered on this outcome. I would not DARE bet against Mr. The Fly)

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  10. The Fly

    Kenny Powers gets signed by Kswiss
    http://tvblips.dailyradar.com/video/kenny-powers-gets-signed-by-k-swiss/

    lol

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  11. Kenny Powers

    Never short a dull market

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