I can’t stand these Chinese lotto stocks, yet I buy them regularly. It seems on a daily basis hack websites use their megaphones to talk shit and drop the share prices of small cap Chinese stocks. In my book, that’s called stock manipulation and slander. However, the SEC is too busy chasing down penny stock promoters, than to waste any of their “valuable resources” to check out these outrageous stories being purported. With that in mind, any publicly traded company doing business in China is subject to immediate sale, if the wind blows the other way, so to say. Yesterday I had a nice profit on KNDI. Today I sold it at a loss.
Aside from selling KNDI, I sold out of IMAX today and added to BORN, FORM and NILE.
NILE looks fucking poised to rip tits to the upside. Prepare for that eventuality.
With regards to FORM: they have $8+ in net cash and are rebuilding their business, after losing a large client. With INTC‘s cap equipment budget bulging at the seams, I like my chances with FORM, as a turn around play, supported by an over-abundance of cash.
Into the bell, I am 90% long, with zero hedges and zero fear.
[youtube:http://www.youtube.com/watch?v=e8ejqE3ktFU&feature=related 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter
Naked aggression directed at the market, just daring it to fuck with you….niiiiiiiicccceee! Some of those Chinese companies are as empty as their cities. I dared to mess with one of their solar plays recently and am down on it whilst my other plays are ripping the face off shorts (JPM, BAC, C, RTN, etc.).
One question for you Fly. I read some of your entries into companies like NILE and just wonder WTF % position to total portfolio that covers? Another words, when you get fully into a name like Nile, does that represent 10, 20, or 30 percent of your portfolio. Just trying to put your plays it perspective.
Many thanks.
It all depends. NILE is a very small position. Too illiquid. Names like OXY, PH and TEX represent 10-15% a piece.
The Fly is God.
One final push into the Funnel.
_____________
Is this a product placement?
my exk did end up hitting its -10% stop today. I will look to rebuy when silver regains strength. i do like exk a lot for when silver makes its next push.
bought some new names today: DMN and TAT.
Rip tits to $ 65 resistance. Qui Pro… WYNN $ 125 upside & GDX $ 50 initial support ($ 5 gain) & $ 46 target? All conditioned on a) surviving Jan. expirations & b) earnings. DISCLAIMER: all these ed. observations, not recommendations.
Next week’s option expiry indicates the Qs will have a tough time staying above $57, or going below $54…so we be at the top of the range.
CIG
GAG
Since we are all queing up to buy Rottery tickets today I will throw a few more out…
GU, CHOP, ERII (i think)
I bot some HOKU…
fuck china, and their fucking stocks.heres hoping raji,and haji fuckin nukem.just a matter of time. maybe instead of all the fucking hacks talking down chink stocks,maybe independent traders from all over the globe should just stop buying them altogether. let the blankenfiens and the diamonds underwrite them and be the only ones to hold em,then maybe their tunes would change………..
…fuqi, fuqity, fucqui the Old Kingdom.
…btw, I had to fix a chink…in my log cabin.
WERD! (as in werd to ya, not the ticker symbol WERD)
“chink” is not a good thing to say.
you should hear the things i tell my black buddies
I know technical trading disgusts many of you but bear with me for a second here. Put JPM on your chart with nothing but price on the chart – weekly time frame. Draw a line along the highs beginning July ’07 to the present. Looks like today is the day, eh?
Coin-cidence?
JPM is God’s bank
Damn straight. I keep my Retirement Account there and have a Christmas Club Account with JPM.
They send me a calender every year.
The naughty Angels one?
hope it is less than the max amount the FDIC insures 😉
anyone hearing any scuttlebutt about the ruskie gubment buying into BP. that dude from bespoke just retweeted something to that effect,and i cant find anything on it.
Share swap with Rosneft, on bberg right now
is that why its up over 1.25 today?
yessir
gracie
Short all social networking stocks. This Venn diagram will explain all….
http://www.despair.com/somevedi.html
Simulated friends in a simulated universe
http://www.simulation-argument.com/
I’ve just facebooked it.
Beautiful! Well done!
damn. I had forgotten all about Venn diagrams.
If you fellow stock of the year contest players are feeling down today looking at your YTD returns, perhaps I will toss a few gold coins into the mall fountain where you hide below the marble lily pads hoping for “silver wishes.” NANO now stands at +31% for the day and is quickly approaching +40% ytd.
I am up only a mere 7.2% in comparison.
Life does suck, no?
Damn dawg, nice stock!
SOTY does not equal SOT month.
No shit. My SOTY last year, MTG, was first or second going into April and ended up being top 15 or something at the end. I’m getting fucking good at shorter term predictions but long term is really difficult because so many different variables can come into play. Can’t doubt top 3 two years in a row in the first few months. Fuck that person technically in first now. Their bullshit stock only trades less than 1K shares per day. Some Chinese zerohedge paper.
I was in top 5 through most of April with my ATPG pick last year. Let’s just say that didn’t end up well by EOY.
IPXL and CRUS looking good for upside moves.
I still like SANM…worth 17.
Russian oil companies buying equipment for 2012. That’s what’s different!
We have our order to fill from 2010 buy.
Nothing like job security.
Only wish American companies buying like Russians.
Well, they do buy. Just not equipment, but other companies.
Why I do believe its time for a common beer or 10.
Maybe this splains everything: http://www.youtube.com/watch?v=FutfNko9EE4&feature=related
Re: KNDI
S. Paul Kelley: Man Behind Sketchy Chinese Reverse Mergers (TSTC, KNDI, ORS, NOEC, CALI, CIIC, GPRC)
Read more: http://www.benzinga.com/news/11/01/781188/s-paul-kelley-man-behind-sketchy-chinese-reverse-mergers-tstc-kndi-ors-noec-cali-c#ixzz1B4ovpoER
Can anyone tell me what’s wrong with Glenn Beck? He’s a freaking whacko.
He just named all the great things China is doing and the US can’t do due to our big govt… but isn’t China communist? Can you get a bigger govt than China?
Bowtie Rogers is on too. I also noticed he isn’t riding a unicycle for Beck, shows you his respect for Howard Lindzon.
China is a command economy from the top down. Maybe Beck wants our CEO’s to start receiving their business plans from our Dear Leader?