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
23,452 Blog Posts

FAT CATS OF THE WORLD UNITE

The holiday’s aren’t gonna be good for all of you. Some of you clown-fuckers held down your accounts through stupidity. Some of you piker brokers get by doing 10 gross and call yourselves “successful.” I have news for you little fish: if you’re not taking down 50k per month, you should just quit the business and become a waiter. Looking at my year to date runs, I can tell you they are bigger than yours. I say this, not to rub it in, but to motivate you. See, while all of the poor folks of the world unite, in an effort to fleece me, I outstrip them via egregious tax shelters and outsized income. Plus, let’s not forget, Obama hooked me up with a nice extension of Bushies tax cuts.

As far as I am concerned, the nations balance sheet is of no concern to me. They fucked it up. Why should I pay the price? It’s a big world out there and if our policy makers are too stupid to figure this shit out, I know a nice place in Australia for sale.

Early going, the dollar is strong and oil is weak. Munis are getting hit again and treasuries are trading down. While it’s true, rising yields ARE GOOD for banks, as their profit margins increase with the spread. It’s also true, it’s happening a little too fast.

Early this morning, I booked profits in DMND and CIEN. With the proceeds, I added to my REXX position and started new ones in CENX, VLNC and TTWO. At the present, my cash position stands at about 35%. Quite frankly, I am having a difficult time finding names to invest in, due to a certain standard that I am forced to uphold. Having said that, I am comfortable trading light into this bond scare, which could result in a panic sell off at any moment.

With regards to REXX: it’s too perfect on paper, with a larger than life short position, 7% interest by Goldman Sachs and rising oil and gas prices. It has “squeeze” written all over it.

Top picks: VLNC, REXX, EXK, CENX, AKS and CCJ

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13 comments

  1. TheArtist

    nice

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  2. Bullish

    What you keep from those gross numbers is all that really counts.

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  3. The_Real_Hmmm

    I found the fuckers who were short PWER and cut the gas and electrical lines to their homes. I sent a swarm of solar-powered IRBTs (with “Dyson Blows” spray painted on their sides) into the repositories where the stock certificates are held and as you can see, the recent quotes are showing how they’re doing. You have been warned.

    Now I just need my other large position in RDN to start ripping again.

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  4. Cascadian

    Dyslexics untie!

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  5. Prospectus

    Great Grandpa Fly on democrats and corruption:

    http://www.youtube.com/watch?feature=player_detailpage&v=XTFUu0ugTjA#t=1126s

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  6. Prospectus

    Great Grandpa Fly meets with the pastor about the new Church plans:

    http://www.youtube.com/watch?feature=player_detailpage&v=XTFUu0ugTjA#t=1684s

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  7. Chinese Lotto

    Anyone following the Lotto pick of the week FCPG? Up 350% this week. Its good to triple your money-even piker money- in a week. Any advice on the future of this Pharm play?

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    • drummerboy

      no, but that yoku chink is on fire. got in @37.this morning. the s.o.b. hasnt stopped yet. the youtube of china,i’ll give it a week,see what happens.

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