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
23,471 Blog Posts

Bounce Hard; Die Soft

I didn’t get it for about a month and change. Now some of you fuckers still don’t get it, refusing to acknowledge the magic being done in front of your faces. Bernanke may very well be Jesus reincarnate (blasphemy is not a sin on iBC).

Following an early morning drubbing, which brought out all of the “zerohedgers” out from their respective burlap’d pile of shit, the market is climbing. CRE, banks, tech, oil and motherfucking retail are leading the way. How about that? BJ is lifting on private equity rumors and I am now up 4% on my FTK position. It’s the will of the Turkey Gods, assholes. You are forgetting the answers. You can’t short stocks going into the most gluttonous time of the year for America. We love us some turkey with some mashed potatoes, stuffing and gravy. It is not logical to make bearish bets, before such a feast. If you attempt to do so, the Turkey Gods will claw your eyes out, then kick you into oncoming traffic.

Having said that, my positions are mixed, up 0.5% today, led by FTK. The company is scheduled to report earnings after the bell.

Right here, right now, I still like beaten down commodity plays, like GMXR, CGA and CRK. If you are a PPT sub, I am using this screen to find said names. Notice what they all have in common?

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16 comments

  1. BernieCornfeld

    YES! That is a sweet screen!

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  2. Homo Bob

    My approach to chicom dart board investment blew up in my face, or did it?

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  3. drummerboy

    so why did da turkey cross the road.

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  4. genghis khan

    Someone’s filling in for Senior Tropicana today. This is not how The Fly writes. Something’s rotten in the state of Romania.

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    • Bullish

      “It’s the will of the Turkey Gods, assholes”

      That doesn’t sound like the Fly?

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  5. The_Last_Puma_Punkanite
    The_Last_Puma_Punkanite

    COMPLETELY UNRELATED AND HAS NOTHING TO DO WITH ANYTHING…

    Little Bruce and Jenny are only 10 years old, but they know they are in love.
    One day they decide that they want to get married, so Bruce goes to Jenny’s father to ask him for her hand.

    Bruce bravely walks up to him and says,
    “Mr. Smith, me and Jenny are in love and I want to ask you for her hand in marriage.”

    Thinking that this was just the cutest thing,
    Mr. Smith replies,
    “Well Bruce, you are only 10.. Where will you two live?”

    Without even taking a moment to think about it, Bruce replies,
    “In Jenny’s room. It’s bigger than mine and we can both fit there nicely.”

    Still thinking this is just adorable,
    Mr. Smith says with a huge grin, “Okay, then how will you live? You’re not old enough to get a job. You’ll need to support Jenny.”

    Again, Bruce instantly replies, “Our allowance, Jenny makes five bucks a week and I make 10 bucks a week. That’s about 60 bucks a month, so that should do us just fine.”

    Mr. Smith is impressed
    Bruce has put so much thought into this.

    “Well Bruce, it seems like you have everything figured out.
    I just have one more question. What will you do if the two of you should have little children of your own?”

    Bruce just shrugs his shoulders and says,
    “Well, we’ve been lucky so far.”

    Mr. Smith no longer thinks the little shit is adorable.

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  6. Frank White

    Size. I trade fucking size.

    http://www.zerohedge.com/article/i-trade-size

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  7. Yogi & Boo Boo

    Ben Jesus Bernanke. It’s got a nice ring to it.

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  8. Tradermark

    Every SINGLE day except for the 2 bordering Thanksgiving is a POMO day the next month!

    http://www.fundmymutualfund.com/2010/11/holy-pomo.html

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  9. FIG

    FTK has been pretty nice for me so far. Up 20% in a few weeks, and expecting much more soon.

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  10. Rand

    Chinese hunting turkey?

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  11. A Monkey with a Leech Lips
    A Monkey with a Leech Lips

    cant see it, i got no login information.

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  12. DownTick

    Fly, what about HEAT? Are you taking it into earnings this evening? Do the turkey gods like it hot?

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