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
22,445 Blog Posts

The Nasdaq Shall Set You Free

Forget about of them old time companies, with boring balance sheets and conservative accounting practices. Go get yourselves a nice NASDAQ stock with ludicrous gross margins and ride that puppy all the way to Elysium. Or, if I might suggest, how about trading them for a quick 10-20% profit? Small double digit sized profits will not upset the communist sensibilities of your local magistrate and will help a great deal, with regards to feeding your family, during the next apocalypse.

Southern Gentleman Fly (SGF) sold out of his FAZ today and exchanged it for some Chinese wares: SOHU. Additionally, he took a mighty fine nap this morning, one that will help him bank even more coin tomorrow, believe it or not.

With 10 minutes left in the session, I am up about 1% today, led by gains in PWER, PH, GTE, JOSB, BBRG, SFLY and MOTR.

Back to cookin’ my afternoon kettle of buttery grits.

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43 comments

  1. Bullish

    SOL AXL!!!!!

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    • Bullish

      From Google Finance 20 min.ago

      AXL – American Axle & Manufacturing Holdings, Inc. – Shares of the auto parts manufacturer shot up as much as 9.0% this afternoon to secure an intraday high of $15.25 by 3:40pm in New York trading on unconfirmed takeover chatter. Rumors that Magna International Inc. may place a $23 to $25 cash bid for AXL spurred a rally in the price of the American Axle’s shares and drove speculators to options in the name. Additionally, analysts at JPMorgan Chase & Co. reportedly rated AXL at ‘overweight’ and said shares could move into the upper-teens in the next 12-24 months. Near-term call options are far and away the most popular make and model changing hands on the stock today. Investors exchanged more than 3,500 now in-the-money calls at the January $15 strike versus previously existing open interest of 755 at that strike. It looks like more than half of these calls were purchased at an average premium of $0.36 apiece. Bullish sentiment spread to the higher January $16 strike where another 1,050 calls were picked up for an average premium of $0.13 per contract. Call buyers at this strike are prepared to make money should shares in American Axle rally another 5.8% over the current price of $15.25 to surpass the average breakeven point on the upside at $16.13 by January expiration. Notable call buying also took place at the February $16 and $17 strikes this afternoon. Options implied volatility on the auto parts maker is up 9.5% at 51.71% in the final 30 minutes of the trading session.

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      • Po Pimp

        If the buyout is for $23 – $25 in cash then why does JPM have a one to two year price target of “upper-teens”? Will it really take that long to get a deal done and at that much of a discount?

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  2. FrankWhite

    Deud I totally agree its a free money marathon, I just bought a boatload of USRX, CSCC and SDLI.

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  3. drummerboy

    now i aks you,in the whole grit eatin nation,does you yuz instant,or original 20 minute grits,my cousin vinny wants to know,please, sisplain it to da jury.

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  4. 4fl3x

    We’re gonna need a montage.

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  5. The_Real_Hmmm

    Well Heavens to Betsy, SGF! I reckon I liken myself to a Yankee gentleman and find favor with the shar-ez of that there STP.

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  6. alphadawgg

    Wil-lyle be, dag-nabbit!

    Now that yer a woodsy redneck, shucks, SGF. Y’all figurin’ on buying dem dare NazDack stocks, ya reckon? With all that there cipherin’ yer PPT is doings, it’s like catchin’ lightnin’ bugs in a bottle o’ Jack whiskey. A might bit explosive, ta say the least. But that dog just might hunt…..like a big dawg.

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    • The_Real_Hmmm

      lol, ah say ah say that is one fiiiine metaphor. Amidst the sounds of them city slicker stock breakers happier than hogs in shit ya best not miss tha sound of the triangle for suppa’. Yeeeee haw!!

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      • alphadawgg

        Put some gravy on them thar NazDack stocks, bubba. Hoo-yah! Semper Fi, and such…..

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      • Luke's Cool Hand

        What we have here, is,….a failure…. to communicate.

        This market will bust you up like a Mandingo chain gang on a lily white Southern Cracka.

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  7. Mr. President

    Le Fly, did you see 50 cent pumping his penny stock on Twitter over the weekend? LOL, it ended the day up 290%.

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  8. Brotha Homer P. Goodfellah
    Brotha Homer P. Goodfellah

    Lawdy, lawdy, lawdy. The Fly’s in our necka da woods now? Laawwwd, have mercy!

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  9. ruggyup

    Indeud. I shall ride on Europa’s puppies, named OCZ, IVAN, ONNN and ZIOP on the way to flagons of the finest wines consumed with new chum, Rhadamanthys.

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  10. Fly

    I drink those fire flies caught in my whiskey bottle.

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  11. Geoduck

    Left coast vs/ Gulf coast (Oregon v Auburn) starts in 3 hrs….. Grits Vs. Granola. Bring it on.

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    • TraderCaddy

      I am an SEC guy and SEC Dad but am cheering for the Ducks.
      They have cool uniforms and besides if Auburn wins they will have to forfeit it in a year or two when the Cam Newton investigation is concluded.

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      • Po Pimp

        I had mixed emotions about this one as well. I’m SEC through and through but absolutely HATE Auburn after all this crap. I also have liked the Ducks in the past so I was very tempted to pull for them. In the end I just watched the game and didn’t really pull for or against either one.

        I do like the fact that the SEC has won 5 in a row now*. Next year, LSU’s defense will lead them to make it #6. From now on they should just hand out the Sears trophy at the conclusion of the SEC Championship game.

        * For a couple of years at least until Auburn vacates their title.

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  12. GYSC

    For about 20 minutes this morning I was thinking there was going to be a real downdraft, but then things trended up all day. Helium market, floats up!

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  13. Curly

    Busted my gut full of grits after readin them posts up above y’all!

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  14. Jeff

    Fly – you’re still trading?? Nice

    Time to go for a drive…

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  15. stinkystank

    ha, i had grits for breakfast…

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  16. Quint

    Looks like new problem for JNJ & Merck – Pepcid Complete mystery recall. Every bottle of the product has been quietly removed from store shelves nationwide. This is not related to the August recall which was just for the berry flavor product…now every flavor of the product and generic version has been removed.

    The company is not talking – it must be serious.

    Here’s a blog that talks about it…

    http://www.totalsuckage.com/2010/11/mysterious-disappearance-of-pepcid.html

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  17. Woodshedder

    Flyseph- secret to good grits- Chicken stock or bouillon cubes. Don’t cook grits without them.
    Secondly, everyone loves some sharp cheddar in their grits. Everyone. Well, and of course, butter. Don’t forget the butter.

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  18. Fly

    Personally,
    I like my grits with lard, as I am more southern than you.

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    • go2mars

      Chicken fried lard grits on cast iron cornbread. Top that.

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    • Po Pimp

      We will know your southern conversion is complete when you are not posting on this blog during the BCS championship game when an SEC team is playing.

      There’s always next year, or the year after, or the year after, or….

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  19. carsony

    ya grits…2 eggs over easy..bisquet and gravy..coffe…orange juice…perfer Denny’s. o ya bacon..lol

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  20. TraderCaddy

    Shrimp and grits- Lowcountry style is the way to go.

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  21. MX2101

    Remember no part of the hog is wasted! Pigs feet, anyone?

    http://emeryhicks.com/wp-content/uploads/2009/03/pig.jpg

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  22. Goldwing

    Just read this from Louis Navellier weekly mail, excerpt
    “…Due to U.S. and global debt problems, the stock market continues to profit from the exodus out of bonds and into stocks. This week, Greece, Ireland and Portugal are scheduled to sell new government debt, so sovereign debt tensions remain high. In addition, Bulgaria, Hungary and Poland are now behaving like Argentina, trying to seize private pension funds to make up for government budget shortfalls. Hungary, in an attempt to seize $14 billion in individual retirement savings, offered its citizens the “nuclear” option of either remitting their individual retirement savings to the state or losing their right to the basic state pension (which they must still pay for). Bulgaria has come up with a similar idea in an attempt to transfer $300 million in private savings to their state pension fund. In Poland, the government has a less drastic plan to transfer 1/3 of future contributions from individual retirement accounts to their state-run social security system. Overall, these attempted government seizures in Eastern Europe look very disturbing.”

    Very ‘disturbing’. Try that here…LOL

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    • drummerboy

      thats NOT funny,and their hinting at that here,although the peoples’ ira’s and 401’s have been raped nicely in da good ol us of a.plus the retirement age bumped up AGAIN, you say try that here,lol…..guess what,they already did.

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  23. dan scallion

    I read the following recently in my local paper ( funny paper that is ) Picture a guy watching the news . Headline: ” he was pronounced dead at the scene , he will be buried in mississippi where he will be pronounced DAY ED . well I liked it

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  24. Wilmer

    Scrapple>grits. Believe it.

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